Walton County, Florida Housing Market Prices
Walton County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 50% above the Florida median More expensive than 92% of counties in Florida$468,285
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Median rent 4% above the Florida median More expensive than 85% of counties in Florida$1,740
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Walton County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,285 | $311,338 | $248,835 |
| Price Trend (Annual %) | 27.7% | 11.2% | 7.5% |
| Median Gross Rent | $1,740 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 8.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Walton County is about 50% higher than in Florida. Rent is about 4% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Walton County, up about 27.7% and 8.2% a year respectively. Home prices are changing faster.
Median rent in Walton County rose about 79.4% between 2015 and 2024, from $970 to $1,740. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Walton County.
Buying the median-priced home in Walton County costs roughly 22.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Walton County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Walton County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,285 | $311,338 | $248,835 |
| Median Household Income | $83,983 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Walton County rose about 227.9%, while median household income rose about 66.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Walton County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.1% | 57.7% | 58.5% |
| Rental Rate | 12.0% | 27.7% | 31.2% |
| Vacancy Rate | 43.9% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Walton County has a homeownership rate of 44.1%, lower than the Florida average of 57.7%. Its housing vacancy rate is 43.9%, compared with 14.6% in Florida.
Housing Stock
| Metric | Walton County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2000 | 1988 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Walton County was built around 2000. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Walton County, FL Housing Compared With Nearby Counties
Walton County, FL is the 3rd largest of the 6 counties compared here, 82,948 residents against a local median of 26,887. The measure that sets Walton County, FL apart most is median home price: $468,285, 156% above the local median of $183,231.
Median rent tells the same story from another angle: $1,740 against a local median of $887, 96% above it. The counties themselves spread $427,166 on median home price, so Walton County, FL sits at one end of an already wide local range rather than apart from it. Walton County, FL has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Walton County, FL | 82,948 | $468,285 #1/6 | $1,740 #1/6 | 78.6% #2/6 |
| Okaloosa County, FL | 216,584 | $454,665 | $1,611 | 68.4% |
| Holmes County, FL | 19,513 | $27,500 | $844 | 76.4% |
| Washington County, FL | 25,529 | $183,231 | $887 | 80.0% |
| Geneva County, AL | 26,887 | $69,555 | $783 | 78.1% |
| Bay County, FL | 186,393 | $370,907 | $1,483 | 66.8% |
Frequently Asked Questions
Common questions about the housing market in Walton County, Florida.
What is the median home price in Walton County, Florida?
The median home price in Walton County, Florida is $468,285, higher than the Florida average of $311,338.
What is the average home price in Walton County, Florida?
The typical home price in Walton County, Florida, reported as the median sale price, is $468,285. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Walton County, Florida?
The median gross rent in Walton County, Florida is $1,740 per month, higher than the Florida average of $1,668.
What was the median gross rent in Walton County in 2020?
In 2020, the median gross rent in Walton County, Florida was $1,012 per month.
What is the price-to-rent ratio in Walton County, Florida?
The price-to-rent ratio in Walton County, Florida is about 22.4, meaning it would take roughly 22.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Walton County.
Are home prices or rent rising faster in Walton County, Florida?
Both home prices and rent are rising in Walton County, up about 27.7% and 8.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Walton County, Florida?
44.1% of households in Walton County, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Walton County, Florida?
The housing vacancy rate in Walton County, Florida is 43.9%, higher than the Florida average of 14.6%.
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