Market Overview
Home Prices in Mary Esther, FL
The median home value in Mary Esther, FL is $328,081 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.8% compared to a year ago and down 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mary Esther are priced20% below average. Mary Esther is part of the Crestview-Fort Walton Beach-Destin, FL metro area.
Over the past five years, Mary Esther home values have risen by approximately15.9%, reflecting steady appreciation in this market.
Price History
Mary Esther Home Price Trend
City Comparison
Mary Esther vs. National Median
At $328,081, homes in Mary Esther cost 20% below the national median of $410,000. This makes Mary Esther a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mary Esther?
20% Down Payment
$65,616
on $328,081
Monthly P&I
$1,711/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,173/mo
incl. taxes & insurance
Income Needed
$86,920
gross annual (30% rule)
10% Down Option
$32,808
+ PMI applies
Loan Amount (20% dn)
$262,465
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 Mary Esther, FL?
The median home value in Mary Esther is $328,081 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.8% year-over-year.
How much have home prices changed in Mary Esther?
Over the past year, home values in Mary Esther have decreased by 0.8%. Over five years, prices have risen approximately 15.9%.
How much do I need to earn to buy a home in Mary Esther?
To comfortably afford the median home price of $328,081 with a 20% down payment ($65,616) at today's rates (6.8%), you'd need a gross annual income of approximately $86,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Mary Esther compare to the national average home price?
The national median home value is approximately $410,000. At $328,081, homes in Mary Esther are 20% below the national average.
What metro area is Mary Esther part of?
Mary Esther is part of the Crestview-Fort Walton Beach-Destin, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.