Okaloosa County, Florida: commercial real estate data.
Okaloosa County, Florida has a population of 216,599 across 930 square miles, up 4.2 percent since the 2020 census base. County output reached $19.00 bn in 2024, 6,011 establishments operate here, and the SBA record carries 220 7(a) approvals worth $160.8 m.
128 sourced county values · tier FULL · 12 sections
Okaloosa County
How many people live in Okaloosa County
- Population216,599
- Households85,411
- Average household size2.54
- Median household income$81,998
- Median age37.4
- Median gross rent$1,612 per month
- Median owner-occupied home value$351,200
- Home value to household income4.3 times
- Annual rent as a share of median income23.6 percent
- Adults 25 and over with a bachelor degree or higher34.8 percent
- Adults 25 and over with a graduate degree13.8 percent
- Adults 25 and over149,498
- Population under 1848,926
- Share under 1822.6 percent
- Population 65 and over36,047
- Share 65 and over16.6 percent
- Working age population, 18 to 64131,626
- Civilian labor force99,458
- Unemployment rate3.8 percent
- Labor force participation, adults 18 and over59.3 percent
- Rank by population among Florida counties26th of 67
- Rank by population among US county-equivalents324th
Okaloosa County is the 26th largest of 67 Florida counties by population. A median home costs 4.3 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.6 percent against 16.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Okaloosa County
Is Okaloosa County growing
- Population change since the 2020 census base4.17 percent
- Census 2020 base population211,662
- Births, 20242,553
- Deaths, 20242,024
- Natural change, 2024529
- Net domestic migration, 2024-1,847
- Net international migration, 20242,180
- Total net migration, 2024333
- Cumulative net domestic migration, 2021 to 20241,251
- Rank by growth among US county-equivalents658th
The county has grown 4.17 percent since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Okaloosa County
Where people moving to Okaloosa County come from
- Tax returns filed by households arriving10,379
- People arriving, from those returns19,697
- Adjusted gross income arriving$826.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$79,663
- Largest single originOkaloosa County Non-migrants (81,703 households)
- Largest single destination (81,703 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Okaloosa County Non-migrants | 81,703 | 162,277 | $7.60 bn |
| Other flows - Different State | 4,217 | 7,835 | $366.9 m |
| Other flows - South | 2,124 | 3,996 | $190.1 m |
| Other flows - Midwest | 871 | 1,577 | $78.0 m |
| Other flows - West | 654 | 1,300 | $54.7 m |
| Santa Rosa County | 600 | 1,048 | $40.1 m |
| Other flows - Northeast | 568 | 962 | $44.1 m |
| Walton County | 561 | 1,026 | $54.3 m |
The largest single source of arrivals is Okaloosa County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Okaloosa County
What the Okaloosa County economy runs on
- County GDP, 2024$19.00 bn
- County GDP, 2023$18.16 bn
- GDP change, 2023 to 20244.6 percent
- GDP change over five years38.4 percent
- Rank by GDP among Florida counties21st
- Rank by GDP among US county-equivalents272nd
- GDP per resident$87,734
Output grew 4.6 percent in the latest year and 38.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Okaloosa County
Who employs people in Okaloosa County
- Covered employment, annual average89,705
- Establishments reporting7,597
- Average annual pay$61,616
- Average weekly wage$1,185
- Sector 72, employment13,613
- Sector 72, average annual pay$30,470
- Sector 44-45, employment12,354
- Sector 44-45, average annual pay$38,773
- Sector 54, employment11,007
- Sector 54, average annual pay$102,468
- Sector 62, employment10,033
- Sector 62, average annual pay$58,492
- Sector 56, employment4,540
- Sector 23, employment4,314
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 72 | 13,613 | 735 | $30,470 |
| Sector 44-45 | 12,354 | 886 | $38,773 |
| Sector 54 | 11,007 | 1,102 | $102,468 |
| Sector 62 | 10,033 | 776 | $58,492 |
| Sector 56 | 4,540 | 572 | $52,101 |
| Sector 23 | 4,314 | 830 | $58,651 |
| Sector 81 | 2,880 | 536 | $46,634 |
| Sector 31-33 | 2,802 | 194 | $85,647 |
The largest sector is the biggest private employer group at 13,613 jobs, 15.2 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Okaloosa County
What businesses operate in Okaloosa County
- Establishments, all industries6,011
- Employment at those establishments64,766
- Annual payroll$3.22 bn
- Establishments per 1,000 residents27.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Okaloosa County
What is being built in Okaloosa County
- Housing units authorised by permit, 20241,268
- Declared construction value permitted$356.5 m
- Single family units authorised1,053
- Multifamily units authorised215
- Multifamily share of units17.0 percent
- Average declared value per unit$281,133
- Units authorised per 1,000 households14.8
Multifamily is 17.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Okaloosa County
How much SBA lending happens in Okaloosa County
- 7(a) approvals recorded220
- 7(a) gross approval dollars$160.8 m
- Average 7(a) approval$731,035
- Median 7(a) approval$311,000
- 10th percentile approval$39,200
- 90th percentile approval$2,151,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,954
- Jobs per approval13.4
- Distinct 7(a) lenders active61
- Distinct industries receiving approvals95
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer14.5 percent
- Loans on real estate terms32
- Loans on working capital terms, 120 months or shorter166
- Franchise loans64
- Franchise share of approvals29.1 percent
- Leading industry by approval countFull-Service Restaurants (14)
- Most active lenderThe Huntington National Bank (23)
- 504 approvals recorded106
- 504 gross approval dollars$75.0 m
- Average 504 approval$707,509
- Median 504 approval$399,000
- Distinct CDCs active5
- 504 jobs per approval7.4
- 504 jobs per million dollars approved10.5
- Most active CDCFlorida Business Development Corporation (54)
- 7(a) share of SBA approvals67.5 percent
- Combined SBA approval dollars$235.8 m
The average approval of $731,035 sits well above the median of $311,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 14.5 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Okaloosa County
Do SBA loans in Okaloosa County get paid back
- Loans with a final outcome recorded39
- Paid in full39
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Exempt from disclosure149
- Status: Paid in full39
- Status: Cancelled23
- Status: Committed, not yet disbursed9
Of the 39 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Okaloosa County
Which parts of Okaloosa County get the lending
- Places in the county with recorded lending16
- DESTIN, approvals68
- FORT WALTON BEACH, approvals58
- NICEVILLE, approvals31
- CRESTVIEW, approvals30
- MARY ESTHER, approvals9
- VALPARAISO, approvals5
| Place | Approvals | Gross approval dollars |
|---|---|---|
| DESTIN | 68 | $48,213,400 |
| FORT WALTON BEACH | 58 | $39,608,100 |
| NICEVILLE | 31 | $22,327,100 |
| CRESTVIEW | 30 | $28,523,900 |
| MARY ESTHER | 9 | $7,317,400 |
| VALPARAISO | 5 | $4,971,000 |
| BAKER | 5 | $895,400 |
| SHALIMAR | 4 | $5,226,000 |
DESTIN accounts for 68 approvals against 58 in FORT WALTON BEACH. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Okaloosa County
How big is Okaloosa County
- Land area930 sq mi
- Rank by land area among Florida counties19th of 67
- Width, east to west24.5 mi
- Height, north to south42.7 mi
- Geographies sharing a boundary2
- Residents per square mile of land233
- Establishments per square mile6.46
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Okaloosa County
What hazards affect Okaloosa County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book10
- Of those, participating in the NFIP10
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class7
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 5, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Okaloosa County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Okaloosa County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population216,599
- Households85,411
- Average household size2.54
- Median household income$81,998
- Median age37.4
Common questions
Okaloosa County questions, answered from the record.
How many people live in Okaloosa County, Florida?
216,599, in 85,411 households, ranking 26th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Okaloosa County growing?
The population has grown 4.17 percent since the 2020 census base. In 2024 there were 2,553 births against 2,024 deaths, with net migration of 333. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Okaloosa County?
$81,998. The median owner-occupied home is valued at $351,200, which is 4.3 times income, and median gross rent is $1,612 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Okaloosa County?
6,011 establishments, employing 64,766 people with an annual payroll of $3.22 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Okaloosa County?
Average annual pay is $61,616, or $1,185 a week, across 89,705 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Okaloosa County?
220 7(a) approvals totalling $160.8 m since FY2020, across 61 lenders, with a median approval of $311,000, plus 106 504 approvals worth $75.0 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Okaloosa County get paid back?
Of the 39 loans that have reached a final outcome, 39 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Okaloosa County?
1,268 housing units were authorised by permit in 2024, with a declared construction value of $356.5 m. Multifamily was 17.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Okaloosa County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Okaloosa County come from?
The largest single origin is Okaloosa County Non-migrants, with 81,703 households. Arriving households report an average income of $79,663 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Okaloosa County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Okaloosa County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.