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Shalimar

Learn about the people, housing, costs and businesses in Shalimar, Florida

Median Home$444,599
Median Rent$1,726/month
Population727
Leading IndustriesConstruction · Agriculture & Mining13% construction
Home Value Growth⬆⬆+14.2% over 2 years
Young Adults48% of residentstop 1% nationally
Homeowners74% of occupied units
NotableHigh Incomes$111k/year · top 12% nationally
Shalimar
FL

Frequently Asked Questions

What are today's mortgage rates in Shalimar?

As of today, the 30-year fixed mortgage rate for Shalimar is approximately 6.946% (6.984% 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 Shalimar?

The median home value in Shalimar is $445k. The median monthly rent is $1,726. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shalimar?

Home values in Shalimar have increased 14.2% 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 Shalimar?

Based on a typical all-in ownership cost of $1,526/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shalimar is $111k/year.

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What industries drive the economy in Shalimar?

The largest employment sectors in Shalimar are public administration (19%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.