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Housing Profile
Okaloosa County, Florida
  • Population, 2015: 191892. Okaloosa County ranks # 26 of Florida's 67 counties in population.
  • Households, 2015: 78217
  • Homeownership Rate, 2015: 65.6%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Okaloosa County is projected to have a population of 223499, ranking it # 29 of Florida's 67 counties.

Projected Total Population, Okaloosa County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Okaloosa County 180822 191892 201199 208698 214295 219193 223499
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $181960. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $50939.
  • Condominium, average just value, 2016: $244191.

Home Sales Prices

  • The average sales price for a single family home was $271783 in 2016. The median sales price that year was $215000, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Okaloosa County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Okaloosa County Condominiums 120000 145000 155000 190000 179000 216000 210000 240000 355100 402000 380000 370000 305000 269000 232500 225000 219000 243250 240000 245000 256000
Okaloosa County Single Family Homes 89000 92500 100000 104900 108800 112000 121900 130000 155000 202000 210000 200800 195000 185000 185000 194100 199900 199900 206250 214571 215000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Okaloosa County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Okaloosa County 1015 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Okaloosa County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $658 for a studio apartment, $768 for a one-bedroom, $930 for a two-bedroom, $1348 for a three-bedroom, and $1621 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Okaloosa County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Okaloosa County 127 261 650 4091 6636 9329 3184 1779 26057
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 30 licensed manufactured housing parks in Okaloosa with 1043 lots in 2012.
  • There are 250 licensed condominium developments in Okaloosa with 13372 units in 2012. Of these, 21 properties with 1593 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Okaloosa County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Okaloosa County Okaloosa One to four-family (other than manufactured housing) 6778 5168 3645 2246 2106 2036 2560 4362 4910 5050
Okaloosa County Okaloosa Manufactured housing 99 123 69 35 20 35 39 41 63 57
Okaloosa County Okaloosa Multifamily 12 33 6 5 5 2 3 7 5 3
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

  • The Ft. Walton Beach MSA had a foreclosure rate for 1-4 unit homes of 6.18% and a serious delinquency (90+ day) rate of 2.67% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 26740 Okaloosa County households (34%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 12425 households in Okaloosa County (16%) pay more than 50% of income for housing.

Households by Cost Burden, Okaloosa County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 51477 14315 12425
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Okaloosa County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 37359 7753 6209
Renter 14118 6562 6216
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Okaloosa County and the surrounding metro area, the HUD-estimated median income for a family of four is $63700 in 2016.

Households by Income and Cost Burden, Okaloosa County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 920 934 5956
30.01-50% AMI 2062 2507 3362
50.01-80% AMI 6140 4799 1740
80.01+% AMI 42355 6075 1367
Total 51477 14315 12425
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 19627 households in Okaloosa County (25.1%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 16293 of elderly households in Okaloosa (83.0%) own their homes.
  • 5587 elderly households (28%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Okaloosa County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 14040 3175 2412
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Okaloosa County was 2112 square feet.

Year Structure Built, Okaloosa County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Okaloosa County 20233 19988 21237 14475 9705 5637 1437 838 93550 21.6 21.4 22.7 15.5 10.4 8.5
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Okaloosa County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Okaloosa County 1326 1.8 561 0.8 1316 1.4 3340 3.6
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File