Crestview-Fort Walton Beach-Destin, FL · Florida

Walton County

ZIP 32433

79,846 residents2,121 permits TTM$79,281 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$376,400

ACS 5-Year

Cap rate proxy

5.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

25.3%

HUD FMR ÷ ACS HHI

Net migration

+2.35%

IRS SOI

Permits (TTM)

2,121

Census BPS

Climate risk

88.6

FEMA NRI (0–100)

ZIP 32433

Median home value

Gross yield

Buy Box score

0.8

Section 8 gap

Affordability

P/I: 2.9R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown7 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
324550.8
324330.8
324350.7
324390.4
325500.1
324590.0
324610.0

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Demographics

Owner-occupied

77.2%

Census ACS

Vacancy rate

44.5%

Census ACS

Bachelor's degree +

34.2%

Census ACS

Rent burdened

51.1%

Census ACS (>30% income)

Median age

43.8

Census ACS

Data sources
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