Market Overview
Home Prices in Fort Walton Beach, FL
The median home value in Fort Walton Beach, FL is $327,813 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and down 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fort Walton Beach are priced20% below average. Fort Walton Beach is part of the Crestview-Fort Walton Beach-Destin, FL metro area.
Over the past five years, Fort Walton Beach home values have risen by approximately13.9%, reflecting steady appreciation in this market.
Price History
Fort Walton Beach Home Price Trend
City Comparison
Fort Walton Beach vs. National Median
At $327,813, homes in Fort Walton Beach cost 20% below the national median of $410,000. This makes Fort Walton Beach a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fort Walton Beach?
20% Down Payment
$65,563
on $327,813
Monthly P&I
$1,710/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,172/mo
incl. taxes & insurance
Income Needed
$86,880
gross annual (30% rule)
10% Down Option
$32,781
+ PMI applies
Loan Amount (20% dn)
$262,250
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fort Walton Beach, FL?
The median home value in Fort Walton Beach is $327,813 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Fort Walton Beach?
Over the past year, home values in Fort Walton Beach have increased by 0.6%. Over five years, prices have risen approximately 13.9%.
How much do I need to earn to buy a home in Fort Walton Beach?
To comfortably afford the median home price of $327,813 with a 20% down payment ($65,563) at today's rates (6.8%), you'd need a gross annual income of approximately $86,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Fort Walton Beach compare to the national average home price?
The national median home value is approximately $410,000. At $327,813, homes in Fort Walton Beach are 20% below the national average.
What metro area is Fort Walton Beach part of?
Fort Walton Beach is part of the Crestview-Fort Walton Beach-Destin, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.