In DeFuniak Springs, a typical home is worth $201,400 and typical rent is $1,024 a month. Compared with all of Walton County, the typical home value is 53% lower, typical rent is 41% lower, and the share of households that own their home is 16 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $195,167 to $229,035.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
DeFuniak Springs is in Walton County. The FHA loan limit ($603,750 for a one-unit home), the fair market rents and the help on this page are those of all of Walton County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in DeFuniak Springs is worth $201,400,53% less than in Walton County as a whole ($425,100).
2
The typical rent in DeFuniak Springs is $1,024 a month, 41% less than in Walton County as a whole ($1,741).
3
The typical household income in DeFuniak Springs is $54,512,34% less than in Walton County as a whole ($81,986).
4
63% of households in DeFuniak Springs own their home, against 79% in Walton County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in DeFuniak Springs
What homes there are in DeFuniak Springs, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
DeFuniak Springs
Walton County
Florida
United States
Kind of home: DeFuniak Springs and its comparisons
Measure
DeFuniak Springs
Walton County
Florida
United States
Detached house
79%
57%
55%
61%
Attached house
Unreliable estimate
3%
7%
6%
Building of 2 to 4
Unreliable estimate
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
23%
25%
19%
Mobile home
Unreliable estimate
12%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In DeFuniak Springs, 8 in 10 homes are single-family detached houses; in Walton County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or later
DeFuniak Springs
Walton County
Florida
United States
Year built: DeFuniak Springs and its comparisons
Measure
DeFuniak Springs
Walton County
Florida
United States
Before 1960
23%
3%
10%
26%
1960–1979
31%
9%
24%
24%
1980–1999
29%
34%
34%
25%
2000–2009
10%
28%
18%
14%
2010 or later
7%
26%
14%
11%
The typical home in DeFuniak Springs was built in 1978, 23 years before the typical one in Walton County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K19%
$100K–$200K31%
$200K–$300K27%
$300K–$500K17%
$500K–$750KUnreliable
FHA limit: $603,750
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: DeFuniak Springs and its comparisons
Measure
DeFuniak Springs
Under $100K
19%
$100K–$200K
31%
$200K–$300K
27%
$300K–$500K
17%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
At least 93% of owner-occupied homes in DeFuniak Springs are worth less than $500,000, below the FHA loan limit for Walton County ($603,750).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99935%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: DeFuniak Springs and its comparisons
Measure
DeFuniak Springs
Under $500
Unreliable estimate
$500–$999
35%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,445 a month
Walton County: $2,100 a month
Without a mortgage
$509 a month
Walton County: $508 a month
Owners with a mortgage
61%
Walton County: 57%
The typical cost for an owner with a mortgage in DeFuniak Springs is $1,445 a month, less than in Walton County ($2,100); without one, $509.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
DeFuniak Springs+66%
Walton County+85%
Florida+67%
United States+53%
Typical rent
DeFuniak Springs+37%
Walton County+78%
Florida+42%
United States+33%
Typical household income
DeFuniak SpringsNo clear change
Walton County+41%
Florida+34%
United States+29%
Change since 2015–2019: DeFuniak Springs and its comparisons
Measure
DeFuniak Springs
Walton County
Florida
United States
Typical home value
+66%
+85%
+67%
+53%
Typical rent
+37%
+78%
+42%
+33%
Typical household income
No clear change
+41%
+34%
+29%
The typical home value in DeFuniak Springs rose 66% since 2015–2019, less than in Walton County (85%).
Rents in DeFuniak Springs rose more slowly than in Walton County: 37% since 2015–2019, against 78%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: DeFuniak Springs and its comparisons
Measure
DeFuniak Springs
Walton County
Florida
United States
Rental vacancy
Unreliable estimate
37.9%
7.6%
5.5%
Homeowner vacancy
Unreliable estimate
2.4%
1.4%
0.9%
More than one person per room
Unreliable estimate
2.3%
3.3%
3.4%
People per household
2.66
2.37
2.51
2.53
Drive alone
75%
69%
70%
69%
Carpool
16%
12%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
16%
16%
15%
Other means
Unreliable estimate
Unreliable estimate
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in DeFuniak Springs has 2.66 people, more than in Walton County (2.37).
More people carpool to work in DeFuniak Springs than in Walton County: 16% against 12%.
Do the math
What would you pay each month for a home in DeFuniak Springs?
A typical home is tight for the typical income
We start with a typical home in DeFuniak Springs, worth $201,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in DeFuniak Springs, which is $54,512 a year. For that payment to be 28% of income, a household would need to earn about $68,496 a year.
The calculator's FHA and conventional loan limits are those of all of Walton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in DeFuniak Springs. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,049 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,598
at 7.18% · 30 years
Loan amount
$197,752
Total interest
$284,519
Paid off in
November 2056
Includes $3,401 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,272 a month
Tight
$1,272 to $1,635 a month
Your payment · 35%
Hard
more than $1,635 a month
Compared with the typical household income in DeFuniak Springs ($54,512 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,340
Property tax
$86
Home insurance
$84
FHA mortgage insurance (MIP)
$89
You need at least $7,049 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,598; principal and interest $1,340.
The city and its county
DeFuniak Springs and Walton County
DeFuniak Springs is in Walton County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
DeFuniak Springs
Map of Walton County, Florida, with DeFuniak Springs marked. Around it, the neighboring counties.
DeFuniak Springs
Walton County
Other cities with a page
DeFuniak Springs's own numbers
Typical home value
$201,400
Typical monthly rent
$1,024
Typical yearly household income
$54,512
Households that own their home
63%
Effective property tax rate
0.51%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Walton County
FHA limit, one-unit home
$603,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,474
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
11%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Walton County.
A typical home in DeFuniak Springs is worth $201,400: 53% below the county and 44% below Florida. With the typical household income in DeFuniak Springs ($54,512 a year), a typical home costs 3.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
DeFuniak Springs3.7 years
Walton5.2 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Walton County
According to FHFA’s house price index, home prices in Walton County rose 119% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Walton County.
Yearly change in FHFA’s price index in Walton County, 2016 to 2025
2016: +3.7% +3.7% 2016
2017: +5.3% +5.3% 2017
2018: +10.3% +10.3% 2018
2019: +7.6% +7.6% 2019
2020: +5.4% +5.4% 2020
2021: +19.4% +19.4% 2021
2022: +21.4% +21.4% 2022
2023: +4.5% +4.5% 2023
2024: +3.1% +3.1% 2024
2025: +2.7% +2.7% 2025
Change in FHFA’s price index in Walton County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
+2.7%
−0.5%
+2.9%
5 years (2020–2025)
+60%
+60%
+47%
10 years (2015–2025)
+119%
+127%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
DeFuniak Springs next to Walton County, Florida and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
DeFuniak Springs$201,400
Walton$425,100
Florida$359,000
United States$332,700
Typical monthly rent
DeFuniak Springs$1,024
Walton$1,741
Florida$1,669
United States$1,413
Typical yearly household income
DeFuniak Springs$54,512
Walton$81,986
Florida$74,568
United States$80,734
See the full table
DeFuniak Springs next to Walton County and Florida
Measure
DeFuniak Springs
Walton County
Florida
U.S.
Typical home value
$201,400 ▼53% below the county
$425,100
$359,000
$332,700
Typical monthly rent
$1,024 ▼41% below the county
$1,741
$1,669
$1,413
Typical yearly household income
$54,512 ▼34% below the county
$81,986
$74,568
$80,734
Households that own their home
63% ▼16 points below the county
79%
68%
65%
Typical yearly property tax
$1,025 ▼46% below the county
$1,902
$2,730
$3,119
Effective property tax rate
0.51% ▲0.06 points above the county
0.45%
0.76%
0.94%
Renters with high rent for their income
49% ▼8 points below the county
56%
60%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Walton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in DeFuniak Springs
For a typical $201,400 home in DeFuniak Springs, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, DeFuniak Springs's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,598a month
Least cash to close
Down payment
$7,049
Cash to close
$13,091
Rate
7.18%
Mortgage insurance
FHA MIP · $89
Conventional, 5% down$1,561a month
Down payment
$10,070
Cash to close
$16,112
Rate
7.18%
Mortgage insurance
PMI · $96
Conventional, 20% down, no PMI$1,261a month
Down payment
$40,280
Cash to close
$46,322
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,447a month
Down payment
$30,210
Cash to close
$36,252
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in DeFuniak Springs
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,598
$7,049
$197,752
7.18%
FHA MIP · $89
$13,091
580
Conventional, 5% down
$1,561
$10,070
$191,330
7.18%
PMI · $96
$16,112
620*
Conventional, 20% down, no PMI
$1,261
$40,280
$161,120
7.18%
None
$46,322
620*
ITIN, 15% down (example)
$1,447
$30,210
$171,190
8.18%
None
$36,252
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in DeFuniak Springs is $1,024 a month: 41% below the county. In DeFuniak Springs, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Walton County, by unit size. To pay the 2-bedroom one ($1,474 a month) without spending more than 30% of your income, you would need to earn $28.35 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Walton County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,123
$21.60
$44,920
1 bedroom
$1,354
$26.04
$54,160
2 bedrooms
$1,474
$28.35
$58,960
3 bedrooms
$2,041
$39.25
$81,640
4 bedrooms
$2,464
$47.38
$98,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in DeFuniak Springs
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). DeFuniak Springs has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,230 in 32435 to $1,610 in 32433.
1 of the 2 is above the fair market rent for Walton County ($1,474).
Fair market rent by ZIP code and size in DeFuniak Springs, fiscal year 2027.
32433
$1,230
$1,430
$1,610
$2,210
$2,690
32435
$960
$1,120
$1,230
$1,710
$2,060
ZIP code2 bd3 bd
32433 $1,610$2,210
32435 $1,230$1,710
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for DeFuniak Springs when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 5 buildings with rents for lower incomes in DeFuniak Springs. These are the largest.
Alpine Heights and Highland Terrace412 S 2nd St, Defuniak Springs 3243550 low-income homes · Run by DeFuniak Springs Housing Authority · Average payment: $461 a month · Average wait: 12 months(850) 892-2823
Heritage Apartments315 S 19th St, Defuniak Springs 3243550 low-income homes · For families(850) 892-5232
Oakdale Apts226 N 1st St, Defuniak Springs 3243348 low-income homes · 2 bd: 24 · 3 bd: 24 · In service since 2011 · For families(850) 892-7734
Woodridge - Defuniak Springs195 Bob Sikes Rd, Defuniak Springs 3243524 low-income homes · 1 bd: 8 · 2 bd: 16 · In service since 2012 · For families
Arbours at Shoemaker Place214 Shoemaker Dr, Defuniak Springs 3243380 homes · 1 bd: 16 · 2 bd: 40 · 3 bd: 24 · In service since 2011 · For families
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Walton County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for DeFuniak Springs or Walton County. The ones below are statewide in Florida: they work in DeFuniak Springs the same as in the rest of the state.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
The HUD-approved agencies closest to the center of DeFuniak Springs, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
UF
University of Florida/Florida Cooperative Extension - Holmes County Cooperative Extension Service
No legal help resource on our list is for DeFuniak Springs or Walton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for DeFuniak Springs and all of Walton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in DeFuniak Springs?
The typical home value in DeFuniak Springs is $201,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Walton County it is $425,100.
How much does it cost to rent in DeFuniak Springs?
Typical rent in DeFuniak Springs is $1,024 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Walton County is $1,474.
What is the FHA loan limit in DeFuniak Springs?
DeFuniak Springs uses the FHA limit for all of Walton County (2026): $603,750 for a one-unit home and $1,161,050 for a four-unit home.
How much property tax do owners pay in DeFuniak Springs?
The typical homeowner in DeFuniak Springs pays $1,025 a year, according to the U.S. Census Bureau. That is 0.51% of the home’s value; in Walton County, the rate is 0.45%.
Where can I find free help to buy or rent in DeFuniak Springs?
We found no HUD-approved counseling agencies with an office in Walton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
