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Fort Walton Beach real estate market overview
- Average Monthly Rent: $1,615
- Home Price/Value Percentage Change: 5.40%
- Median Home Value: $335,388
- Best Time To Sell a Home: October
- Affordability Index: Moderate
- Days To Sell a House: 76
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Fort Walton Beach is located at the northwestern end of Florida, in Okaloosa County. This charming city sits between Pensacola and Panama City along the Gulf Coast. Along with its reputation as a deep-sea fishing capital, Fort Walton is said to be an ideal vacation spot due to its white-sand beaches, resort attractions, and aquariums.
While this city does get its fair share of rain, it also provides 226 days of sun throughout the year which maintains its appeal for tourists and potential new residents alike.
Population, job market and cost of living
Fort Walton Beach has a population of 21,348, with a growth rate of 0.67% annually.
The job market has decreased by -3.40% over the last year. In ten years, job growth is predicted to be 46.2%. The biggest employer is the US military, but hospitality and defense contracting are big industries here as well. Other large employers are Ponderosa Builders, HX5, Gary Smith Honda, Tybrin and White-Wilson Medical Center, P.A. This is a fairly affordable city, especially considering all the attractions, restaurants, shops and out-door activity it has to offer.
Aside from the downtown area, residents and tourists without a car will find transportation to be a small but necessary expense as well.
Fort Walton Beach real estate market details
- Northwest Fort Walton Beach
- Kenwood
- Seabreeze
- Ferry Park
- Oakland
The average monthly rent in Fort Walton Beach is $1,615 for an average size apartment of 974 sq. feet.
There has been a 5.4% increase in Fort Walton Beach's median home value over the last year. As of 2023, the median home value is $335,388.
On average, homes in Fort Walton Beach sell after 76 days on the market.
The best time for homeowners to sell in Fort Walton Beach is October. For the fastest sale, homeowners should sell during the month of September.
The affordability index in Fort Walton Beach is 97. This number indicates moderate affordability in this city.
The top ranked public schools are Liza Jackson Preparatory School, Northwest Florida Ballet Academic, Kenwood Elementary School, Fort Walton Beach High School, and Wright Elementary School. This information is based on data from The US Department of Education, The US Census Bureau and the Florida Department of Education.