Okaloosa County, FL

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

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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

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

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