Shalimar, FL housing market
Typical home value
$384K
▲ 1.5% 1 yr
Typical rent
$1,850/mo
▲ 5.7% 1 yr
Gross rent yield
5.8%
U.S. 6.3%
5-year home value change
+12%
U.S. +20%
Key takeaways
- 1The typical home in Shalimar is worth $383,513, up 1.5% over the past year and up 12% over five years.
- 2Typical rent is $1,850 a month (+5.7% YoY), a gross rent yield of 5.8% (above the Crestview, FL metro's 5.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,108/mo, $258 more than typical rent.
- 4Zillow forecasts the Crestview, FL metro's home values to change +0.2% over the next 12 months.
Market temperature (Crestview, FL metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 38/100, #318 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Shalimar compares
| Measure | Shalimar | Crestview, FL metro | United States |
|---|---|---|---|
| Typical home value | $383,513 | $439,733 | $366,157 |
| Home value, 1-yr change | +1.5% | +0.7% | +1.2% |
| Typical rent | $1,850 | $1,968 | $1,932 |
| Rent, 1-yr change | +5.7% | +3.5% | +2.7% |
| Gross rent yield | 5.8% | 5.4% | 6.3% |
| Price-to-rent ratio | 17.3 | 18.6 | 15.8 |
| Mortgage P&I, typical home | $2,108 | $2,417 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Shalimar rental, pre-filled.
Rent vs buy in Shalimar
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $384K home.
Landlord in Florida? See Florida deposit, late fee and notice rules.
Other cities in the Crestview, FL metro
Fort Walton Beach, FL
$322K home$1,828 rent
▲ 1.3% 1 yr
Crestview, FL
$288K home$1,882 rent
▲ 0.1% 1 yr
Niceville, FL
$435K home$2,150 rent
▲ 1.0% 1 yr
Destin, FL
$617K home$2,087 rent
▲ 2.0% 1 yr
Santa Rosa Beach, FL
$873K home$1,930 rent
▲ 1.1% 1 yr
Mary Esther, FL
$324K home$2,116 rent
▼ 0.3% 1 yr
Freeport, FL
$386K home$1,969 rent
▼ 2.2% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.