- 2 bd
- 1 ba
- 674 sqft

The average Okaloosa Island, FL home value is $525,290, up 1.0% over the past year. (Updated on )
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Typical Home Values: $525,290
1-Year Value Change: +1%
(Data through September 30, 2026)
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
The neighborhoods with the highest median home values in Fort Walton Beach, FL include: Okaloosa Island ($522,664), Wright ($302,392), Ocean City ($294,630), Cinco Bayou ($291,218).
The neighborhoods with the lowest median home values in Fort Walton Beach, FL include: Cinco Bayou ($291,218), Ocean City ($294,630), Wright ($302,392), Okaloosa Island ($522,664).
Neighborhoods with the highest year-over-year value growth in Fort Walton Beach, FL include: Wright (1.3%), Ocean City (0.6%), Okaloosa Island (0.2%).