Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$439,733+0.7% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 15% have cut their price
Income needed to buy, per year$95,325About 1.2× the local median income ($81,838): a stretch for a typical household
Days on market101 daysAbout the same pace as a year ago
Next 12 months+0.2%Zillow expects prices to stay about flat
The typical home in Crestview-Fort Walton Beach-Destin, FL is worth $439,733, up 0.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $431,596, so the area is 1.9% overvalued. It is a balanced market: homes take about 101 days to sell, listings are down 14% from a year ago, 15% of listings have had a price cut. Zillow expects prices to rise about 0.2% over the next year. A household needs about $95,325 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 $81,838. Typical rent is $1,968 a month, or $2,122 for a house. In the latest IRS figures, 2,078 more people moved in than out.
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
$439,733
Change in 1 year
+0.7%
Overvalued %
+1.9%
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Fair home value
$431,596
Change in 5 years
+11.1%
Zillow forecast, next 12 months
+0.2%
Home value to income
5.4×
Monthly mortgage payment (20% down)
$2,383
Income needed to afford it
$95,325
Property tax rate
0.55%
Rent and investing
Typical rent
$1,968
Typical rent for houses
$2,122
Price-to-rent ratio
18.6×
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HUD Fair Market Rent, 2 bedrooms
$1,780
Gross rental yield
5.37%
Cap rate (estimate)
3.49%
Market activity
Listings vs a year ago
−13.6%
Days on market
101
Listings with a price cut
15.2%
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Homes for sale
3,999
Pending sales per 100 listings
23
Asking price per sq ft
$404
People and jobs
Median household income
$81,838
Population change (1 year)
+1.6%
Unemployment rate
4.1%
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Population
315,098
Income adjusted for cost of living
$84,369
Net moves in (IRS)
+2,078
Cost of living (US = 100)
97.0
Schools, risk and environment
School rating (1 to 10)
7.1
FEMA hazard risk score (0 to 100)
91.3
Unhealthy air days a year
0
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Flood risk score
76.8
Wildfire risk score
75.7
Walkability (1 to 20)
7.3
Road, rail and air noise
55 dB
Questions people ask
Is Crestview-Fort Walton Beach-Destin, FL overvalued?
Home prices in Crestview-Fort Walton Beach-Destin, FL are slightly above what local incomes have historically supported: fair value is about $431,596, so the area is 1.9% overvalued.
Is Crestview-Fort Walton Beach-Destin, FL a buyer's or seller's market?
Crestview-Fort Walton Beach-Destin, FL is a balanced market: homes take about 101 days to sell, listings are down 14% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Crestview-Fort Walton Beach-Destin, FL?
Home values in Crestview-Fort Walton Beach-Destin, FL are up 0.7% 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 Crestview-Fort Walton Beach-Destin, FL?
A household needs about $95,325 a year to afford the typical home in Crestview-Fort Walton Beach-Destin, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,838.