How much is a home worth in ZIP code 32578?

The typical home in 32578 is worth $434,738, based on the Zillow Home Value Index.

Are home values rising in 32578?

Home values in 32578 are down 0.6% over the past year, and up 3.8% a year over five years.

What is the typical rent in 32578?

A typical home in 32578 rents for about $2,109 a month, a gross rental yield of 5.8%.

What is the property tax rate in 32578?

The effective property tax rate in 32578 is 0.6% — roughly $2,710 a year on a typical home.

ZIP code 32578 has a population of 34,738 and a median household income of $108,972.

HousingHandbookReference data

…

U.S. ZIP Code · FL32578

Okaloosa County · Crestview-Fort Walton Beach-Destin, FL

Typical home value

$434,738^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.6%
5-year / yr: +3.8%
10-year / yr: +5.2%

Relative price

vs U.S.: +53.0%
vs metro: +33.1%
vs state: +25.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 32578 is worth $434,738 — 33.1% above the Crestview-Fort Walton Beach-Destin, FL median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $2,109 a month — a 5.8% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,109^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $2,710^[3]

#Climate risk

FEMA National Risk Index ratings for Okaloosa County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Relatively Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 34,738^[3]
Median household income: $108,972^[3]

#Migration

Household moves in and out of Okaloosa County over a year, from IRS tax-return data.

Net migration: -101^[5]
Moved in: 9,771
Moved out: 9,872

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 3
Middle: 1
High: 2

NICEVILLE SENIOR HIGH SCHOOL
High · Grades 9–12 · OKALOOSA
1,998 students
C. W. RUCKEL MIDDLE SCHOOL
Middle · Grades 6–8 · OKALOOSA
1,054 students
BLUEWATER ELEMENTARY SCHOOL
Elementary · Grades PK–5 · OKALOOSA
914 students
JAMES E PLEW ELEMENTARY SCHOOL
Elementary · Grades PK–5 · OKALOOSA
820 students
LULA J. EDGE ELEMENTARY SCHOOL
Elementary · Grades PK–5 · OKALOOSA
543 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$25,310

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,198

Loan principal$347,791

Down payment$86,948

Total interest paid$443,588

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.32

Monthly cost to own$2,785

Monthly rent$2,109

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 24th percentile^[1]
Rental yield: 31st percentile^[2]
Property tax: 76th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32578?: The typical home in 32578 is worth $434,738, based on the Zillow Home Value Index.
Are home values rising in 32578?: Home values in 32578 are down 0.6% over the past year, and up 3.8% a year over five years.
What is the typical rent in 32578?: A typical home in 32578 rents for about $2,109 a month, a gross rental yield of 5.8%.
What is the property tax rate in 32578?: The effective property tax rate in 32578 is 0.6% — roughly $2,710 a year on a typical home.
Who lives in 32578?: ZIP code 32578 has a population of 34,738 and a median household income of $108,972.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

32439 vs 32578 →
Freeport, FL
Typical home
$395,889
Gross yield
6.2%
32579 vs 32578 →
Lake Lorraine CDP, FL
Typical home
$385,023
Gross yield
6.2%
32548
Fort Walton Beach, FL
Typical home
$339,900
Gross yield
6.5%
32580
Valparaiso, FL
Typical home
$329,783
Gross yield
6.9%
32531
Munson CDP, FL
Typical home
$323,691
Gross yield
—
32569
Mary Esther, FL
Typical home
$319,728
Gross yield
7.5%

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Pit ZIP 32578 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL32578

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