Crestview-Fort Walton Beach-Destin, FL · Florida
Walton County
79,846 residents2,121 permits TTM$79,281 median HHI7 ZIP codesUpdated April 28, 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 code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 32433 | — | — | — | 7.3% | 21.6% |
| 32455 | — | — | — | 9.3% | 6.2% |
| 32435 | — | — | — | 8.3% | 6.2% |
| 32439 | — | — | — | 6.6% | -21.6% |
| 32459 | — | — | — | 2.7% | -9.1% |
Ranked by composite score
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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
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 28, 2026