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Fort Walton Beach

Learn about the people, housing, costs and businesses in Fort Walton Beach, Florida

Median Home$309,502
Median Rent$1,428/month
Population21,260
Leading IndustriesArts, Food & Hospitality · Healthcare · Education8% arts, food & hospitality
Home Value Growth⬆⬆+17.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners61% of occupied units
NotableAmenity Score87/100 · highly walkable area
NotableVeteran Community13% of residents · top 4% nationally
Fort Walton Beach
FL

Explore Fort Walton Beach

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Fort Walton Beach?

As of today, the 30-year fixed mortgage rate for Fort Walton Beach is approximately 6.894% (6.930% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fort Walton Beach?

The median home value in Fort Walton Beach is $310k. The median monthly rent is $1,428. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fort Walton Beach?

Home values in Fort Walton Beach have increased 17.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fort Walton Beach?

Based on a typical all-in ownership cost of $1,339/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fort Walton Beach is $73k/year.

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What industries drive the economy in Fort Walton Beach?

The largest employment sectors in Fort Walton Beach are public administration (20%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.