Okaloosa County housing scorecard.
Everything the paid data sites charge for, free and built for Florida: home value, rent, cap rate, 5-year growth, price versus incomes, overvaluation and our 0 to 100 Momentum Market Score, from Zillow, Realtor.com and Census data.
The typical home runs about 4.52 times the local median income, which is roughly 8.2% cheaper than the Florida norm. Gross rent yield is around 6.7%. Values are up roughly 3.1% a year over the last five years. Owning the typical home at today's 6.52% 30-year rate takes about 27.5% of a median income in principal and interest, the affordability squeeze in one number. Add the average Citizens homeowners premium (about $220 a month) and property taxes (about $162 a month) and the monthly cost to own runs near $2,193. About 24.5% of listings have cut their price.
Okaloosa County housing market, in one paragraph
As of 2026-08-01, in Okaloosa County, the typical home is worth $357,488; up about 3.1% a year over five years; typical rent is about $1,995 a month; the Momentum Market Score is 58/100 (leaning to the buyer on price and leverage); the market looks about 8% undervalued; the average Citizens insurance premium is about $2,644 a year. Data from Zillow, Realtor.com, the U.S. Census and Citizens Property Insurance; scores by Momentum Realty.
Typical home value, last 13 months
Ten years ago the typical home here was about $202,920; today it is $357,488.
Where Okaloosa sits
Open the full Florida market map →Okaloosa vs Florida average
| Metric | Okaloosa | FL avg |
|---|---|---|
| Buyer-value score | 58 | 50 |
| Typical home value | $357,488 | $336,033 |
| Price cuts | 24.5% | 24.6% |
| Income to own | 27.5% | 30.9% |
| Cost to own / mo | $2,193/mo | $2,005/mo |
Green = the more buyer-friendly figure. “FL avg” is the unweighted mean across all 67 Florida counties. “Income to own” is principal & interest only; “cost to own” adds the average Citizens homeowners premium and property taxes at the current 6.52% 30-year rate, 20% down.
Quick answers: is now a good time to buy in Okaloosa County, is it overvalued, and more.
Run the numbers for Okaloosa County: true monthly cost · rental underwrite · insurance check · property tax · compare vs another county.
What drives the score
Each bar is this county ranked against every other Florida county (0 = lowest, 100 = highest) on that input, then weighted into the score. Higher overall = more buyer value and leverage. See the full methodology.
Momentum scores for Okaloosa
Three composite reads, each built from the labeled components below it (0 = lowest in Florida, 100 = highest). Every input is public and the formula is published, unlike the paywalled black-box versions elsewhere.
10-year upside from appreciation, incomes, demographics, affordability and valuation.
Rental-investor attractiveness from yield, rent growth, appreciation, demographics and valuation.
Near-term price direction signal from recent appreciation, days on market, inventory and price cuts. A momentum read, not a guaranteed forecast.
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Free housing data from Momentum Realty · Zillow, Realtor.com, Census & FRED sources.
Housing stock and economy in Okaloosa
Housing tenure, vacancy, financing, education and remote work. Source: U.S. Census Bureau, American Community Survey 5-Year. These figures describe the housing stock and economy of an area, not its residents. Momentum Realty does not steer buyers or sellers and complies fully with the Fair Housing Act.
Who is moving in and out of Okaloosa
In 2022 to 2023, Okaloosa County saw 9,771 households move in and 9,872 move out, a net of -101 households (-352 people). The households arriving reported about $72,311 in average income versus $67,714 for those leaving, so Okaloosa is pulling in higher earners. Net, +$38M of annual income moved into the county.
Top states they moved from
TX 346CA 237AL 221NC 210GA 184Top states they moved to
TX 347AL 328NC 169GA 165VA 164Households approximate tax returns; people approximate exemptions; income is total adjusted gross income. Source: IRS Statistics of Income, county-to-county migration, 2022 to 2023.
Property insurance in Okaloosa
Citizens, Florida's state-backed insurer of last resort, now covers 1,101 homes in Okaloosa County at an average premium of about $2,644 a year. That is roughly 1.1% of the county's housing units on the state plan, a direct read on how far private insurers have pulled back.
Figures cover Citizens Property Insurance (the state insurer of last resort), not the whole market, so they understate total private-market premiums while precisely tracking where coverage has become hardest to get. Source: Citizens Property Insurance Corporation, Policies in Force by County, April 2026.
New construction pipeline in Okaloosa
In 2025, builders pulled permits for 1,057 new homes in Okaloosa County: 987 single-family and 70 in multifamily buildings. That is down 16.6% from the year before. At 4.9 permits per 1,000 residents, new supply here is below the Florida pace.
New homes permitted, 2021 to 2025
Privately-owned residential units authorized by building permits, reported plus imputed. Source: U.S. Census Bureau, Building Permits Survey, 2025.
ZIP-level scorecards in Okaloosa County
Zoom in from the county to any ZIP for its own home value, cap rate, overvaluation and buyer-value score (12 scored ZIP codes, highest score first):
Housing distress & ownership in Okaloosa
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Based on Stellar MLS data distributed by MLS GRID for the period August 2026 through August 2026. Deemed reliable but not guaranteed.
Go deeper
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Common questions
Is Okaloosa County a buyer's or seller's market?
By our Momentum Market Score, Okaloosa County reads buyer value (58 out of 100), meaning it is leaning to the buyer on price and leverage. The score blends value versus local incomes, price cuts, inventory growth, affordability and rent yield.
How much is a home worth in Okaloosa County?
The typical home value is $357,488 (Zillow Home Value Index, 2026-08-01), up about 3.1% a year over the last five years.
Is Okaloosa County housing overvalued or undervalued?
On price versus the local long-term trend and incomes, Okaloosa County looks about 8% undervalued, with a price-to-income ratio of 4.52x. Overvaluation compares the current typical value to its own historical relationship with local income, not to other markets.
How much is homeowners insurance in Okaloosa County?
The average Citizens Property Insurance premium in Okaloosa County is about $2,644 a year. Citizens is Florida's insurer of last resort, so its county average is a realistic floor; private quotes vary by roof age, elevation and flood zone. Insurance is now one of the largest line items in a Florida housing budget.
Is Okaloosa County a good place to invest in rental property?
The gross rent yield (cap-rate proxy) in Okaloosa County is about 6.7%, on a typical home value of $357,488 and typical rent near $1,995 a month. Run the full numbers, including taxes and insurance, in our Florida investment property calculator.
Where does this data come from?
Home values and rent are from Zillow Research, days on market and listings from Realtor.com, income and population from the U.S. Census, mortgage rates from Freddie Mac via FRED, and insurance from Citizens Property Insurance. Derived metrics and the Momentum Market Score are computed by Momentum Realty with a published methodology.
Data: Zillow Research (home value, rent), Realtor.com (days on market, listings), U.S. Census Bureau ACS (income, population), and Freddie Mac 30-Year Fixed Rate Mortgage Average [MORTGAGE30US] via FRED (rate). Momentum Market Score and derived metrics computed by Momentum Realty.
Thinking about Okaloosa County?
A score is the 30,000-foot view. We live here. Talk to the founders about what the number means for a specific neighborhood, street, or budget.
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