Paxton, Florida.
Typical home $147,877 (-3.1% in a year). Crestview-Fort Walton Beach-Destin, FL metro.
to buy the typical home at today's mortgage rate — +$378 (+95%) since Jan 2020.
- 1 year
- Down $4,790 -3%
- $152,667$147,877 since Sep 2025
- 5 years
- Up $9,549 +7%
- $138,328$147,877 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Paxton$776
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 52 years.
Typical home values in Paxton, FL fell 3.1% over the past year — slower than the nation's +1.2%.
Living in Paxton, Walton County, Florida
Paxton is a town of 556 people in Walton County. Unemployment in Walton County was 4.3% in August 2026, and the county had 1.8% more jobs in 2025 than the year before. The most people in Walton County work in professional services, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Paxton is a very small town in the Florida Panhandle, in Walton County. Fewer adults here hold a four-year degree than is typical, and the typical home is valued well below what many buyers expect to pay elsewhere in Florida. Winters are mild, with January the coldest month and cool nights, while summers are hot, and the year brings a good deal of rain.
Work. Residents work mostly in professional and business services, in schools, hospitals and social care, in restaurants, hotels and entertainment, and in shops. Across Walton County, some of the largest workplaces are Walton Schools, Ascension Sacred Heart Emerald Coast and Walmart. Commutes tend to run longer than a short drive across town, and only a small number of people work from home.
Things to do. Florala City Park, a garden in or beside town, is the nearest place to stroll outdoors. A longer drive brings you to Conecuh National Forest, a large protected area, and to Lake DeFuniak, a lake. For a quieter outing, Ponce de Leon Springs State Park is a protected area that is also a longer drive away.
Report a mistake
- 10%of adults have a degree
- 11%below the poverty line
- 29 mintypical commute
- 7%work from home
What people in Walton County work in
Employed residents by industry, from the Census survey. Walton County had 35,416 jobs in 2025, 1.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 62° and lows near 40°; warmest in July, with highs near 92° and lows near 72°. About 60 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Florala Municipal Airport weather station, 5 miles away (NOAA).
Largest employers in Walton County
- Walton County School Board1,955
- Walton County Government1,333
- Sandestin Golf and Beach Resort962
- Sacred Heart Hospital of the Emerald Coast880
- Publix Super Markets (multiple locations)695
- Watercolor Inn and Resort668
- Hilton Sandestin Beach and Golf Resort485
- Wal-Mart Super Center (multiple locations)467
From Walton County’s annual financial report for 2024, its schedule of principal employers, as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- LightningVery high
- HurricanesVery high
- TornadoesRelatively high
- Strong windRelatively moderate
- Cold wavesRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Paxton’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Walton County and the Crestview-Fort Walton Beach-Destin, FL metro.
Paxton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Paxton$147,877
- Florida$375,361
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Paxton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Paxton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.