Crestview-Fort Walton Beach-Destin, FL · Florida
Okaloosa County
ZIP 32531
214,281 residents1,182 permits TTM$79,097 median HHI13 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$324,800
ACS 5-Year
Cap rate proxy
5.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
22.4%
HUD FMR ÷ ACS HHI
Net migration
+2.53%
IRS SOI
Permits (TTM)
1,182
Census BPS
Climate risk
92.5
FEMA NRI (0–100)
ZIP 32531
Median home value
—
Gross yield
—
Cap rate
5.6%
Rent gap
—
Affordability
P/I: 4.0R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown13 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 32569 | — | — | — | 8.0% | — |
| 32539 | — | — | — | 7.6% | — |
| 32547 | — | — | — | 7.2% | — |
| 32536 | — | — | — | 7.1% | — |
| 32579 | — | — | — | 6.5% | — |
| 32567 | — | — | — | 6.1% | — |
| 32548 | — | — | — | 5.9% | — |
| 32531 | — | — | — | 5.6% | — |
| 32578 | — | — | — | 5.5% | — |
| 32580 | — | — | — | 5.5% | — |
| 32542 | — | — | — | 5.5% | — |
| 32544 | — | — | — | 5.5% | — |
| 32541 | — | — | — | 4.0% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
67.8%
Census ACS
Vacancy rate
17.9%
Census ACS
Bachelor's degree +
34.2%
Census ACS
Rent burdened
50.1%
Census ACS (>30% income)
Median age
37.3
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026