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Housing Profile
Walton County, Florida
  • Population, 2015: 60687. Walton County ranks # 41 of Florida's 67 counties in population.
  • Households, 2015: 24871
  • Homeownership Rate, 2015: 73.0%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Walton County is projected to have a population of 96702, ranking it # 38 of Florida's 67 counties.

Projected Total Population, Walton County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Walton County 55043 60687 69300 77199 84402 91105 96702
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: $399895. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $33153.
  • Condominium, average just value, 2016: $-200.

Home Sales Prices

  • The average sales price for a single family home was $714288 in 2016. The median sales price that year was $455000, 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, Walton 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
Walton County Condominiums 143500 158450 203000 185000 210000 211500 230300 285000 399500 498200 399600 385400 365000 295800 250000 238250 238000 285000 292000 325000 320000
Walton County Single Family Homes 115000 124000 130250 147250 165000 162700 209900 242500 360900 436350 359900 334650 314900 305750 318500 278700 323200 341250 370500 390000 455000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

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

Place Median Gross RentState Median Gross Rent
Walton County 993 998
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 Walton County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $635 for a studio apartment, $666 for a one-bedroom, $771 for a two-bedroom, $1093 for a three-bedroom, and $1346 for a four-bedroom unit.

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

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

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Walton County 51 128 363 1006 1267 1611 1114 676 6216
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 7 licensed manufactured housing parks in Walton with 100 lots in 2012.
  • There are 195 licensed condominium developments in Walton with 9202 units in 2012. Of these, 10 properties with 473 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

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

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Walton County Walton One to four-family (other than manufactured housing) 2854 1919 1598 925 944 933 1206 2095 2482 2692
Walton County Walton Manufactured housing 137 136 108 47 29 46 46 72 123 139
Walton County Walton Multifamily 3 11 3 0 0 1 1 6 2 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

This table is not available outside of Metropolitan Statistical Areas (MSAs)

Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 9184 Walton County households (37%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 4942 households in Walton County (20%) pay more than 50% of income for housing.

Households by Cost Burden, Walton County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 15687 4242 4942
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, Walton County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 12311 2816 3041
Renter 3376 1426 1901
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 Walton County and the surrounding metro area, the HUD-estimated median income for a family of four is $58000 in 2016.

Households by Income and Cost Burden, Walton 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 637 436 2254
30.01-50% AMI 1276 515 1035
50.01-80% AMI 2510 1308 864
80.01+% AMI 11264 1983 789
Total 15687 4242 4942
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 7137 households in Walton County (28.7%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 6170 of elderly households in Walton (86.5%) own their homes.
  • 1355 elderly households (19%) pay more than 30% of income for rent or mortgage costs.

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

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 5782 515 840
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 Walton County was 2347 square feet.

Year Structure Built, Walton 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
Walton County 17208 10761 8539 4490 1828 1502 930 923 46181 37.3 23.3 18.5 9.7 4.0 7.3
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), Walton 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 (%)
Walton County 762 3.4 77 0.3 1352 2.9 1994 4.3
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