Is Fort Walton Beach a Good Place to Live? (2026)

Looking to move to Fort Walton Beach, Florida? You’re not alone.

• This 2025 guide breaks down top neighborhoods by lifestyle and budget.

• See how each area compares on home prices, schools, and vibe.

• Learn the real cost of living, plus buying vs renting insights.

Whether you’re a family, retiree, or remote worker, this guide helps you find where to live in Fort Walton Beach - based on what matters most to you.

Yes - Fort Walton Beach offers more affordable home prices than nearby coastal cities like Destin or Pensacola.

• Median Price (Jan 2025): $339,983

• Listing Inventory: 461 homes

• Avg Days on Market: 102

• Equity-Rich Homes: 37%

Homeownership is attainable, especially for military families, remote workers, and first-time buyers.

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Fort Walton Beach is generally safe, with low crime in neighborhoods like Kenwood and Northgate Estates.

• Crime rates vary by area - coastal zones tend to see more petty theft.

• Military presence contributes to a secure, community-focused vibe.

• For families: focus on school zones with low incident rates.

Fort Walton Beach offers a variety of neighborhoods, each catering to different lifestyles, budgets, and priorities. Whether you're looking for a family-friendly community, a vibrant area for young professionals, or a serene coastal retreat, there's a perfect neighborhood for you.

Median Home Price: ~$320,000

• Top-rated schools in the Okaloosa County School District.

• Quiet, tree-lined streets with well-maintained homes.

• Convenient access to parks, playgrounds, and shopping centers.

• A strong sense of community and safety.

Kenwood is an excellent choice for families looking for spacious homes, great schools, and a friendly, suburban feel.

Median Home Price: ~$350,000

• Close to downtown and the waterfront.

• Features charming historic homes and modern renovations.

• A short drive to Okaloosa Island and the Gulf Coast beaches.

• Walkable area with local shops and cafes.

Elliott Point is perfect for those who want to enjoy the coastal lifestyle while being close to the city's main attractions.

Median Home Price: ~$310,000

• Affordable home prices compared to other neighborhoods.

• A mix of single-family homes and townhouses.

• Easy access to major highways and Eglin Air Force Base.

• A diverse community with a mix of families, professionals, and retirees.

Overbrook is an ideal neighborhood for first-time homebuyers or those looking for a budget-friendly option with long-term growth potential.

Median Home Price: ~$375,000

• Larger lot sizes with modern, upscale homes.

• Well-maintained neighborhood with a suburban feel.

• Proximity to top-rated schools and shopping centers.

• A quiet, family-oriented atmosphere.

Northgate Estates is perfect for growing families or professionals looking for a spacious, high-quality home in a peaceful environment.

Median Home Price: ~$450,000

• Direct water access with stunning bay views.

• Great for boating, fishing, and outdoor enthusiasts.

• A mix of luxury homes and charming coastal cottages.

• A laid-back, vacation-style atmosphere year-round.

Garnier Beach is ideal for retirees or professionals looking for a waterfront escape with access to nature and outdoor recreation.

Median Home Price: ~$300,000

• Affordable housing options with modern apartments and townhomes.

• Proximity to downtown and nightlife.

• A vibrant, walkable community with local restaurants and entertainment.

• Easy access to public parks and recreational areas.

Cinco Bayou is a great choice for young professionals or those looking for a lively, convenient location close to everything.

• For families: Kenwood, Northgate Estates
• For affordability: Overbrook, Cinco Bayou
• For luxury & space: Northgate Estates, Elliott Point
• For waterfront living: Garnier Beach
• For young professionals: Cinco Bayou, Elliott Point

No matter your budget or lifestyle, Fort Walton Beach has a neighborhood that fits your needs!

Housing is typically the largest expense when deciding where to live. From purchase prices to property taxes and mortgage rates, understanding the cost of living is essential whether you’re renting or buying.

When buying a home, consider these key financial factors:

• Home Purchase Price: Varies by neighborhood, with the median home value around $321,158 (as of early 2025).

• Down Payment: Usually 10-20% (some loans offer as low as 3%).

• Mortgage Payment (PITI): Principal, interest, taxes, and insurance costs vary depending on loan terms.

• Closing Costs: Typically 2-5% of the home price.

• Maintenance & Repairs: Homeowners should budget 1-3% of their home’s value annually for upkeep.

• You need flexibility (job relocation or uncertain plans).

• A 20% down payment and closing costs are prohibitive.

• You prefer avoiding maintenance responsibilities.

• You plan to stay in Fort Walton Beach for 5+ years.

• You can comfortably cover mortgage, taxes, and maintenance.

• Building equity is a priority over paying rent.

• 1-Bedroom Apartment: ~$1,450/month

• 2-Bedroom Apartment: ~$1,800/month

• Single-Family Home: ~$2,400/month

Compared to nearby cities like Destin and Pensacola, Fort Walton Beach offers more affordable rental options while still providing coastal amenities.

Beyond housing, Fort Walton Beach’s cost of living includes:

• Groceries: Slightly below the national average.

• Utilities: In line with the national median.

• Healthcare: 5-10% lower than the national average, with quality medical facilities nearby.

• Transportation: Gas prices are affordable, and public transit options are limited but improving.

Florida is one of the few states with no state income tax, allowing residents to keep more of their earnings. Property taxes in Fort Walton Beach are reasonable compared to other Florida cities, making it an attractive place to buy a home.

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Beyond affordability, Fort Walton Beach offers a high quality of life, blending coastal beauty with small-town charm.

• The city provides a mix of affordable suburban neighborhoods and high-end waterfront homes.

• The median home price is lower than Florida’s statewide median, making it a great option for buyers seeking value.

• Fort Walton Beach Medical Center and several specialized clinics provide high-quality healthcare.

• Nearby Pensacola and Destin offer additional top-tier hospitals and specialty care.

• The Okaloosa County School District is highly rated, with strong public school options.

• Several private schools provide alternative education choices.

• Higher education opportunities are available through Northwest Florida State College and nearby universities.

• The average commute time in Fort Walton Beach is 20-25 minutes, shorter than many metro areas.

• Public transit options are limited, but walkability in certain neighborhoods is improving.

• Major employers include Eglin Air Force Base, the tourism sector, and healthcare providers.

• The job market is stable and growing, with opportunities in hospitality, defense, healthcare, and tech.

• The unemployment rate is lower than the national average, reflecting a strong local economy.

• Fort Walton Beach enjoys a mild, warm climate with over 230 sunny days per year.

• Winters are short and mild, while summers are hot and humid.

• Coastal storms and hurricanes are a consideration, so flood insurance may be necessary in some areas.

• The city offers a tight-knit, friendly community with regular local events, markets, and festivals.

• A strong military presence fosters a sense of security and camaraderie among residents.

• There’s a growing arts and entertainment scene, with theaters, museums, and beachfront venues.

The real estate market in Fort Walton Beach has experienced moderate price fluctuations over the past year.

• Median Home Price (2025): $339,983 (3.9% decrease from last year).

• Price per Square Foot: $224.

• Number of Homes Sold: 11 homes in January 2025, compared to 24 homes in January 2024.

• Time on Market: 99 days (compared to 68 days last year), indicating a slight market slowdown.

• Rising mortgage rates (6-7%) have slightly cooled demand, increasing inventory levels.

• More homes are staying on the market longer, meaning buyers have more negotiating power.

• Sellers must price competitively to attract interest.

• Home appreciation rates may stabilize, making this a good time to buy before prices rise again.

• Interest rates could impact affordability, but local job growth and economic stability should sustain demand.

• Waterfront properties and homes near military bases remain highly desirable for long-term investment.

Choosing where to live is about aligning your budget, lifestyle, and long-term vision - and Fort Walton Beach checks many boxes.

Fort Walton Beach offers:

• Affordable coastal homes compared to other Florida cities.

• A stable job market in defense, tourism, and healthcare.

• Beautiful beaches, walkable neighborhoods, and family-friendly charm.

• Strong public schools and a vibrant, growing community.

However, consider:

• Hurricane risk and the need for flood insurance.

• Limited public transit in most areas.

• Market conditions may fluctuate with interest rates.

Bottom line: If you’re looking for value, coastal quality of life, and a strong sense of community - Fort Walton Beach is worth serious consideration.

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