Rental numbers for the Crestview, FL metro
The typical home here runs -$1,454 a month at 7.78% with 25% down. 0 of 13 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.5%.
- Gross yield
- 5.4%
- typical home, Zillow
- Median ZIP yield
- 6.5%
- 13 ZIPs with full data
- Cash flow
- -$1,454/mo
- at 7.78%, 25% down
- Typical price
- $438,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,984/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
21 with published figures
| 32462Vernon | $192,000 | $1,450* | 9.1% | 4.8% | -$272 | n/a |
| 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% |
| 32433Defuniak Springs | $230,000 | $1,420* | 7.4% | 3.7% | -$534 | n/a |
| 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 |
| 32464Westville | $201,000 | $1,090* | 6.5% | 2.6% | -$649 | n/a |
| 32548Fort Walton Beach | $337,000 | $1,812 | 6.5% | 3.1% | -$943 | n/a |
| 32550Miramar Beach | $652,000 | $3,507 | 6.5% | 3.7% | -$1,513 | n/a |
| 32455Ponce de Leon | $209,000 | $1,090* | 6.3% | 2.4% | -$703 | 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 |
| 32439Freeport | $390,000 | $1,789 | 5.5% | 2.6% | -$1,270 | -0.2% |
| 32435Defuniak Springs | $240,000 | $1,090* | 5.5% | 1.9% | -$909 | 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% |
| 32461Inlet Beach | $1,418,000 | $3,240 | 2.7% | 0.6% | -$6,883 | n/a |
| 32459Santa Rosa Beach | $858,000 | $1,880 | 2.6% | 0.4% | -$4,324 | -0.7% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.4%
- Rent, 12 months
- +2.5%
- Rent minus price growth
- +2.1 pts
- Property tax
- 0.50%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $389,316 | $1,762 |
| Aug 2022 | $469,875 | $1,923 |
| Aug 2023 | $465,669 | $1,908 |
| Aug 2024 | $456,637 | $1,935 |
| Aug 2025 | $436,629 | $1,935 |
| Aug 2026 | $438,425 | $1,984 |
Counties
- Walton County, FL4.1% median yield
- Washington County, FLn/a median yield
- Holmes County, FLn/a median yield
- Okaloosa County, FL6.9% median yield
Tools
Questions
- Is the Crestview, FL metro good for rental property?
- The typical home here runs -$1,454 a month at 7.78% with 25% down. 0 of 13 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.5%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Crestview, FL metro have the highest rental yield?
- 32539 (Crestview) at 8.2%, 32569 (Mary Esther) at 7.9%, 32536 (Crestview) at 7.7%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.