Okaloosa County, Florida home prices
Typical home $352,929 · +0.9% in a year · property tax 0.57%
The typical home in Okaloosa County is worth $352,929, 6% less than the Florida typical home ($375,361). Values changed +0.9% in the past year and +11.4% over five years. Homeowners here pay a median 0.57% of their home's value in property tax each year ($2,021 on the typical home), versus 0.8% statewide.
Mortgage on the typical Okaloosa County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,586 | $282,343 | $1,899 | $0 | $345 | $2,244 | $96,200 |
| 10% down | $35,293 | $317,636 | $2,137 | $132 | $345 | $2,614 | $112,000 |
| 5% down | $17,646 | $335,283 | $2,255 | $140 | $345 | $2,740 | $117,400 |
| 3.5% down (FHA) | $12,353 | $346,537 | $2,331 | $156 | $345 | $2,832 | $121,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.57% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Florida · part of the Crestview metro area.
Florida counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Santa Rosa County | $350,823 | +1.5% | 0.57% |
| Flagler County | $350,266 | -0.2% | 0.76% |
| Osceola County | $359,224 | -2.9% | 0.76% |
| Lake County | $360,055 | -2.0% | 0.76% |
| Bay County | $343,009 | -0.0% | 0.58% |
| Brevard County | $342,346 | -0.5% | 0.68% |
| Indian River County | $363,705 | -0.9% | 0.69% |
| Pinellas County | $368,917 | +0.2% | 0.7% |
| Clay County | $335,274 | -0.3% | 0.72% |
| Saint Lucie County | $370,781 | -0.9% | 0.93% |
Frequently asked questions
What is the average home price in Okaloosa County, FL?
The typical home value in Okaloosa County is $352,929 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Okaloosa County?
About $96,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Okaloosa County?
The median effective rate is 0.57% of home value a year (Census ACS 2024 5-year estimates).