32531 — Okaloosa County, Florida Market Snapshot
Housing market data for zip code 32531 in Okaloosa County, Florida. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$319,650
Days to Sell
87
Homes Sold
28
Inventory
34
Sale-to-List
98.5%
New Listings
37
Price/SqFt
$201
Pending Sales
31
Conforming Loan Available
Most homebuyers in 32531 can comfortably use conventional financing. The median home price of $319,650 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 87 days on average, 32531 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 32531 (98.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 32531 can comfortably use conventional financing. The median home price of $319,650 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 32531 are set at the county level.
2026 Loan Limits — Okaloosa County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $603,750 |
| 2 Units | $1,066,250 | $772,900 |
| 3 Units | $1,288,800 | $934,250 |
| 4 Units | $1,601,750 | $1,161,050 |
Affordability Snapshot — Zip 32531
To purchase the median home at $319,650 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,599.
Monthly Payment
$2,599
Income Required
$111,388
Principal & Interest
$1,970/mo
Down Payment (5%)
$15,983
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 32531.
Estimated Monthly Payment
$2,128
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 32531. Tell us what you're looking for.