Okaloosa County, Florida: What It Costs to Buy a Home
The median home in Okaloosa County is worth $324,800, property taxes on it run about $1,948 a year (0.6%), the FHA loan limit is $603,750, and closing on it means about $2,274 in transfer tax plus $1,724 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $324,800 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $1,948 a year, 0.6% of value | Property tax page → |
| FHA loan limit (1 unit) | $603,750 | Loan limits page → |
| Conforming loan limit (1 unit) | $832,750 | Loan limits page → |
| Transfer tax on the median home | $2,274 | Florida transfer tax page → |
| Title insurance on the median home | $1,699 owner's + $25 lender's | Title insurance page → |
| Closing costs from these items | $3,998 | Closing costs page → |
| Area median income (HUD, family of 4) | $106,700; low-income limit $85,350 | Income limits page → |
Frequently asked questions
How much do homes cost in Okaloosa County?
The median owner-occupied home in Okaloosa County is valued at $324,800, per U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units).
How much are property taxes in Okaloosa County?
The median Okaloosa County homeowner pays $1,948 a year in real estate taxes, about 0.6% of the median home value ($2,049 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Okaloosa County?
$603,750 for a one-unit home in 2026 (a high-cost limit above the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $832,750, per FHFA.
What does it cost to close on a home in Okaloosa County?
On the $324,800 median home: transfer tax $2,274, title insurance $1,724 for both policies, about $3,998 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Okaloosa County?
HUD's FY 2026 median family income for Okaloosa County (Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area) is $106,700. A family of four counts as low income below $85,350 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby Florida counties
- Miami-Dade County $680,000
- Monroe County $723,800
- Nassau County $351,100
- Okeechobee County $179,000
- Orange County $370,000
- Osceola County $317,600
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
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General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
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