Valparaiso, Florida.
Typical home $327,514 (+0.3% in a year), asking rent $1,915 . Crestview-Fort Walton Beach-Destin, FL metro.
to buy the typical home at today's mortgage rate — +$840 (+96%) since Jan 2020.
- 1 year
- Up $1,079 +0%
- $326,435$327,514 since Sep 2025
- 5 years
- Up $25,840 +9%
- $301,674$327,514 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.
- Valparaiso$1,719
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 42 years.
Typical home values in Valparaiso, FL rose 0.3% over the past year — slower than the nation's +1.2%.
Living in Valparaiso, Okaloosa County, Florida
Valparaiso is a city of 4,752 people in Okaloosa County. Half its households earn more than $90,110 a year and half less, against $81,998 across Okaloosa County; 3% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. 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 It can be wrong or out of date.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. Valparaiso is a small city on the Florida Panhandle, home to a young population, with a typical resident younger than in most American towns. Household incomes run above the county's, very few people live below the poverty line, and most homes are lived in by their owners. Homes and rents are both on the pricey side, and a good share of adults hold a four-year degree. Winters are mild, with little or no snow, and summers are hot and rainy.
Work. Residents work mostly in schools, hospitals and social care, with many others in professional and business services, restaurants and hotels, and shops. Across Okaloosa County, the biggest employers include Okaloosa Schools, Northwest Florida State College and North Okaloosa Medical Center. Commutes are short, and few people work from home. Unemployment across the county is a little higher than a year ago, and the number of jobs has slipped slightly.
Things to do. The Heritage Museum of Northwest Florida is in or beside town, and the Air Force Armament Museum is a short drive away. For time outdoors, Henderson Beach State Park is a beach a short drive away, and Fred Gannon Rocky Bayou State Park is a protected area, also close by. Blackwater River State Park is a longer drive away.
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- 1,903households
- 46%of adults have a degree
- 3%below the poverty line
- 17 mintypical commute
- 5%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 61° and lows near 38°; warmest in July, with highs near 90° and lows near 72°. About 73 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Niceville weather station, 3 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
- HurricanesVery high
- LightningVery high
- TornadoesRelatively high
- Coastal floodingRelatively moderate
- Heat wavesRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Valparaiso’s census tracts, against the rest of the country; all of them together, relatively high. 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.
Valparaiso home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Valparaiso$327,514
- 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 3 Valparaiso listings — the market is roughly in balance.
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.
- Valparaiso35.83%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Valparaiso34
New listings per month
Sellers arriving at the market.
- Valparaiso8
Zip codes with a Valparaiso address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Valparaiso — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.