Okaloosa County, FL

Comprehensive housing, income, and cost of living data for Okaloosa County, Florida. Population: 212.0K.

Median Home Price
$309.8K

Based on 12 cities

Median Household Income
$79.1K

Annual household income

Price-to-Income Ratio
3.9x

Moderately affordable

Salary Needed to Buy
$79.6K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,948

Average annual amount

Effective Tax Rate
0.63%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,566
Property Tax$162
Insurance$129
Total Monthly$1,858
Historical Home Prices
2015
$193.0K
2016
$201.4K
+4.4%%
2017
$215.4K
+6.9%%
2018
$229.8K
+6.7%%
2019
$244.0K
+6.2%%
2020
$272.1K
+11.5%%
2021
$322.4K
+18.5%%
2022
$360.7K
+11.9%%
2023
$361.6K
+0.3%%
2024
$354.3K
-2.0%%
2025
$344.1K
-2.9%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.6%%

Below national average

Population Density
228

People per square mile

Homicide Rate
5.9

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
70.1%
Black
9.2%
Hispanic
10.8%
Asian
3.2%
Two or More Races
6%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
67°F

Annual average

Sunny Days
239

Days per year

Annual Rainfall
62.8"

Inches per year

Natural Disaster Risk
High Risk

Score: 93/100

January Low
20°F

Average winter low

July High
85°F

Average summer high

Frequently Asked Questions

What is the median home price in Okaloosa County, FL?

The median home price in Okaloosa County, Florida is $309.8K. The price-to-income ratio is 3.9x, meaning the median home costs 3.9 times the median household income.

What salary do you need to buy a home in Okaloosa County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $79.6K per year to buy the median home in Okaloosa County, FL. Monthly housing costs break down to $1,566 for mortgage, $162 for property tax, and $129 for insurance.

What is the property tax rate in Okaloosa County?

The effective property tax rate in Okaloosa County is 0.63%, which comes to approximately $1,948 per year on the median home.

What is the median household income in Okaloosa County?

The median household income in Okaloosa County, Florida is $79.1K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.6%%.

Is Okaloosa County a good place to live?

Okaloosa County, Florida has a population of 212.0K. Housing affordability is strong with a price-to-income ratio of 3.9x. The climate averages 67 degrees F with 239 sunny days per year. Compare Okaloosa County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.