Walton County, Florida Housing Market
In Walton County, Florida, the median home value is $425,100, with a median monthly rent of $1,741. This places Walton County at #243 nationally out of 3134 counties by median home value, and #7 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,119
- Establishments: 4,162
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,427
- Multi-family: 972
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 33,876 (avg $204,034)
- Outflow: 29,320 (avg $194,072)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Walton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 32433 | 328.4 | -5.69% | 2025 |
| 2 | 32459 | 411.7 | +8.24% | 2025 |
| 3 | 32439 | 346.4 | +0.96% | 2025 |
| 4 | 32550 | 296.1 | +6.11% | 2023 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Walton County Compares
| Metric | Walton County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $425,100 | $284,325 | $227,706 |
| Median Gross Rent | $1,741 | $1,303 | $968 |
| Owner Occupancy Rate | 78.6% | 74.6% | 73.3% |
| Price/Rent Ratio | 20.3 | 17.6 | 18.7 |
Market Analysis
The median home value in Walton County is 49.5% above the Florida state average and 86.7% above the U.S. national average. The median rent of $1,741/month is 33.6% above the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Walton County has an owner-occupancy rate of 78.6%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Yavapai County | Arizona | $425,200 | $1,351 |
| Klickitat County | Washington | $425,300 | $1,105 |
| Juab County | Utah | $425,400 | $907 |
| Butte County | California | $424,700 | $1,414 |
| Prince George's County | Maryland | $426,000 | $1,799 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Martin County | $432,200 | $1,569 | 79.6% |
| Broward County | $414,600 | $1,907 | 63.6% |
| Sarasota County | $411,800 | $1,818 | 76.7% |
| Palm Beach County | $447,300 | $1,916 | 70.1% |
| Manatee County | $391,400 | $1,671 | 74.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).