Rental numbers for Okaloosa County, FL
The typical home here runs -$909 a month at 7.78% with 25% down, breaking even at about 2.1%. 0 of 9 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%.
- Gross yield
- 6.7%
- typical home, Zillow
- Median ZIP yield
- 6.9%
- 9 ZIPs with full data
- Cash flow
- -$909/mo
- at 7.78%, 25% down
- Typical price
- $353,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,984/mo
- Zillow ZORI, Aug 2026
ZIP codes in Okaloosa County
12 with published figures
| 32539Crestview | $282,000 | $1,938 | 8.2% | 4.5% | -$474 | +1.3% |
| 32569Mary Esther | $319,000 | $2,098 | 7.9% | 4.3% | -$587 | +4.6% |
| 32536Crestview | $294,000 | $1,882 | 7.7% | 4.0% | -$615 | +3.0% |
| 32580Eglin AFB | $329,000 | $1,974 | 7.2% | 3.7% | -$756 | n/a |
| 32547Fort Walton Beach | $314,000 | $1,814 | 6.9% | 3.4% | -$794 | +4.3% |
| 32564Holt | $273,000 | $1,550* | 6.8% | 3.2% | -$733 | n/a |
| 32548Fort Walton Beach | $337,000 | $1,812 | 6.5% | 3.1% | -$943 | n/a |
| 32578Niceville | $435,000 | $2,220 | 6.1% | 2.9% | -$1,277 | +2.5% |
| 32579Shalimar | $386,000 | $1,944 | 6.0% | 2.8% | -$1,170 | +5.8% |
| 32567Paxton | $296,000 | $1,420* | 5.8% | 2.5% | -$973 | n/a |
| 32531Baker | $325,000 | $1,450* | 5.3% | 2.2% | -$1,154 | n/a |
| 32541Destin | $615,000 | $2,110 | 4.1% | 1.5% | -$2,562 | +2.0% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.7%
- Rent, 12 months
- +3.3%
- Rent minus price growth
- +2.5 pts
- Property tax
- 0.57%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $313,679 | $1,692 |
| Aug 2022 | $370,149 | $1,879 |
| Aug 2023 | $368,832 | $1,879 |
| Aug 2024 | $364,650 | $1,926 |
| Aug 2025 | $350,416 | $1,921 |
| Aug 2026 | $353,011 | $1,984 |
HUD Fair Market Rent
FY2027, Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,421 | $1,706 | $1,908 | $2,616 | $3,189 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 15.9
- 1,362 units, last 12 months
- National percentile
- 85th
- among US counties
Tools
Test a listing in Okaloosa County against today's rate.
Open the calculatorPart of the Crestview, FL metro.
Questions
- Is Okaloosa County good for rental property?
- The typical home here runs -$909 a month at 7.78% with 25% down, breaking even at about 2.1%. 0 of 9 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Okaloosa County?
- About 0.57% of value, from Census ACS median taxes paid over median home value. On a $353,000 home that is about $2,023 a year.
- What is Fair Market Rent in Okaloosa County?
- HUD's FY2027 Fair Market Rent here is $1,706 for a 1-bedroom, $1,908 for a 2-bedroom and $2,616 for a 3-bedroom. Typical cash flow at today's rate is -$909 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.