Market Overview
Home Prices in Paxton, FL
The median home value in Paxton, FL is $161,595 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and down 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paxton are priced61% below average. Paxton is part of the Crestview-Fort Walton Beach-Destin, FL metro area.
Over the past five years, Paxton home values have risen by approximately16.4%, reflecting steady appreciation in this market.
Price History
Paxton Home Price Trend
City Comparison
Paxton vs. National Median
At $161,595, homes in Paxton cost 61% below the national median of $410,000. This makes Paxton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Paxton?
20% Down Payment
$32,319
on $161,595
Monthly P&I
$843/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,071/mo
incl. taxes & insurance
Income Needed
$42,840
gross annual (30% rule)
10% Down Option
$16,160
+ PMI applies
Loan Amount (20% dn)
$129,276
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 Paxton, FL?
The median home value in Paxton is $161,595 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Paxton?
Over the past year, home values in Paxton have increased by 5.8%. Over five years, prices have risen approximately 16.4%.
How much do I need to earn to buy a home in Paxton?
To comfortably afford the median home price of $161,595 with a 20% down payment ($32,319) at today's rates (6.8%), you'd need a gross annual income of approximately $42,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Paxton compare to the national average home price?
The national median home value is approximately $410,000. At $161,595, homes in Paxton are 61% below the national average.
What metro area is Paxton part of?
Paxton is part of the Crestview-Fort Walton Beach-Destin, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.