The typical owner-occupied home in Walton County is worth about $425,100, 18% above the Florida median of $359,000 and 28% above the national median of $332,700. Owners pay a median $1,902 a year in property taxes, about 0.45% of their home's value, lower than the Florida rate of 0.76%. The median household earns $81,986 a year, so the median home costs 5.2 times the median income (4.8 times for Florida). 79% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Walton County at a glance
| Walton County | Florida | U.S. | |
|---|---|---|---|
| Median home value | $425,100 | $359,000 | $332,700 |
| Median property tax paid per year | $1,902 | $2,730 | $3,119 |
| Property tax as a share of value | 0.45% | 0.76% | 0.94% |
| Median household income | $81,986 | $74,568 | $80,734 |
| Homes lived in by their owners | 79% | 68% | 65% |
| Owner homes with a mortgage | 57% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,100 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 23.6% | 21.0% |
| Median rent | $1,741 | $1,669 | $1,413 |
| Rent as a share of renters' income | 32.5% | 35.2% | 30.6% |
| Median year homes were built | 2001 | 1988 | 1980 |
| Vacant homes | 43.9% | 14.7% | 10.1% |
| Population | 82,948 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Walton County
At this week's average 30-year rate of 7.11%, buying the median Walton County home of $425,100 with 20% down costs about $2,624 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,332, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $112,469 for the 20%-down payment. That payment is 38% of the median Walton County household income of $81,986; at that income and 20% down, the 28% guideline points to a home of about $310,000.
The median rent here is $1,741 a month, so owning the median home costs about $883 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $85,020 |
|---|---|
| Loan amount | $340,080 |
| Principal and interest | $2,288 |
| Property taxes (0.45% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| PMI | $0 |
| Total per month | $2,624 |
Change the numbers in the calculator
| Down payment | $14,878 |
|---|---|
| Loan amount | $417,400 |
| Principal and interest | $2,808 |
| Property taxes (0.45% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| FHA mortgage insurance | $188 |
| Total per month | $3,332 |
Change the numbers in the calculator
Questions about home buying in Walton County
What is the median home value in Walton County?
About $425,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walton County?
Homeowners pay a median $1,902 a year, which is about 0.45% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Walton County?
For the median home with 20% down at 7.11%, the payment is about $2,624 a month. Keeping that under 28% of gross income takes about $112,469 a year.
More about Walton County
- Mortgage Refinance in Walton County
- Debt Relief in Walton County
- Home Equity Loans in Walton County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data