Shalimar, Florida.
Typical home $383,513 (+1.5% in a year), asking rent $1,850 (+5.6%). Crestview-Fort Walton Beach-Destin, FL metro.
to buy the typical home at today's mortgage rate — +$1,022 (+103%) since Jan 2020.
- 1 year
- Up $5,840 +2%
- $377,673$383,513 since Sep 2025
- 5 years
- Up $42,290 +12%
- $341,223$383,513 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.
- Shalimar$2,013
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 30 years.
Typical home values in Shalimar, FL rose 1.5% over the past year — faster than the nation's +1.2%.
Asking rents in Shalimar, FL rose 5.6% over the past year — faster than the nation's +2.7%.
Owning the typical home in Shalimar runs $757/mo more than renting one. The gap peaked at $1,037 in Oct 2023.
That is $2,607 a month against $1,850 rent: a $2,013 mortgage payment, plus $183 property tax and $411 insurance & upkeep.
Owning vs renting — Shalimar
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,607
- Renting$1,850
- Mortgage only$2,013
Property tax · $183/mo 0.57% of value a year — the ACS 2020-2024 median bill over the median home value for Okaloosa County, FL
Insurance & upkeep · $411/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Shalimar, Okaloosa County, Florida
Shalimar is a town of 737 people in Okaloosa County. Unemployment in Okaloosa County was 4.4% in August 2026, and the county had 0.2% fewer jobs in 2025 than the year before. The most people in Okaloosa County work in schools and health care, then professional services.
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 It can be wrong or out of date.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. Shalimar is a very small town on the Florida Gulf Coast in Okaloosa County, with far fewer people than most places that have a name on the map. Winters are mild compared with most of the country, even in January, the coldest month, and summers are hot, with July the warmest month. Rain falls through the year, and the total is generous compared with much of the country. Homes here cost more than the typical American home, and rents run high too. Incomes across the county run comfortably above the national middle, and a good share of adults in town hold a four-year degree.
Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, restaurants and hotels, and shops. Across Okaloosa County, some of the largest workplaces are Okaloosa Schools, Northwest Florida State College and North Okaloosa Medical Center. Unemployment across the county is a little higher than a year ago, and the number of jobs has slipped slightly. Commutes are short, and a fair number of people work from home.
Things to do. The Air Force Armament Museum is in or beside town, and the Heritage Museum of Northwest Florida is a short drive away. For time outdoors, Henderson Beach State Park offers a beach a short drive off, and Choctawhatchee National Forest is protected woodland, also a short drive away. Fort Walton Mound, an archaeological site, is another short drive.
Report a mistake
- 58%of adults have a degree
- 8%below the poverty line
- 20 mintypical commute
- 13%work from home
What people in Okaloosa County work in
Employed residents by industry, from the Census survey. Okaloosa County had 89,542 jobs in 2025, 0.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 63° and lows near 45°; warmest in July, with highs near 91° and lows near 76°. About 55 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Destin Fort Walton Airport weather station, 7 miles away (NOAA).
Largest employers in Okaloosa County
- Okaloosa County School District4,846
- HCA Florida Fort Walton-destin Hospital1,285
- Wal-mart Stores1,200
- Okaloosa County Board of County Commissioners1,109
- Publix Stores1,015
- Reliance Test & Technology770
- North Okaloosa Medical Center729
- Northwest Florida State College726
From Okaloosa County’s annual financial report for 2025, its schedule of principal employers (its source: “ONE OKALOOSA EDC”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- LightningVery high
- HurricanesRelatively high
- Tornadoesrelatively high in parts of ShalimarRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Shalimar’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 Okaloosa County and the Crestview-Fort Walton Beach-Destin, FL metro.
Shalimar home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Shalimar$383,513
- Florida$375,361
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Shalimar listings, and the typical home goes pending in 38 days — the market is heating up.
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.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Shalimar27.02%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Shalimar77
New listings per month
Sellers arriving at the market.
- Shalimar20
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Shalimar address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Shalimar — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.