Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$352,929+0.9% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 17% have cut their price
Income needed to buy, per year$76,508About 0.9× the local median income ($81,348): affordable for a typical household
Days on market94 daysAbout the same pace as a year ago
Next 12 months+0.2%Zillow expects prices to stay about flat
The typical home in Okaloosa County, FL is worth $352,929, up 0.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $343,182, so the area is 2.8% overvalued. It is a balanced market, leaning toward sellers: homes take about 94 days to sell, listings are down 15% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 0.2% over the next year. A household needs about $76,508 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,348. Typical rent is $1,957 a month, or $2,111 for a house. In the latest IRS figures, 352 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$352,929
Change in 1 year
+0.9%
Overvalued %
+2.8%
Show 7 more
Fair home value
$343,182
Change in 5 years
+11.4%
Zillow forecast, next 12 months
+0.2%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,913
Income needed to afford it
$76,508
Property tax rate
0.57%
Rent and investing
Typical rent
$1,957
Typical rent for houses
$2,111
Price-to-rent ratio
15.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,908
Gross rental yield
6.65%
Cap rate (estimate)
4.32%
Market activity
Listings vs a year ago
−15.4%
Days on market
94
Listings with a price cut
17.0%
Show 3 more
Homes for sale
1,715
Pending sales per 100 listings
25
Asking price per sq ft
$266
People and jobs
Median household income
$81,348
Population change (1 year)
+0.8%
Unemployment rate
3.8%
Show 4 more
Population
221,810
Income adjusted for cost of living
$83,864
Net moves in (IRS)
−352
Cost of living (US = 100)
97.0
Schools, risk and environment
School rating (1 to 10)
6.9
FEMA hazard risk score (0 to 100)
92.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
80.4
Wildfire risk score
75.7
Walkability (1 to 20)
7.7
Road, rail and air noise
54 dB
Questions people ask
Is Okaloosa County, FL overvalued?
Home prices in Okaloosa County, FL are slightly above what local incomes have historically supported: fair value is about $343,182, so the area is 2.8% overvalued.
Is Okaloosa County, FL a buyer's or seller's market?
Okaloosa County, FL is a balanced market, leaning toward sellers: homes take about 94 days to sell, listings are down 15% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Okaloosa County, FL?
Home values in Okaloosa County, FL are up 0.9% over the last year. Zillow's forecast for the next 12 months is +0.2%.
How much do you need to earn to buy a home in Okaloosa County, FL?
A household needs about $76,508 a year to afford the typical home in Okaloosa County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,348.