ZIP Code Market Report
32539 — Crestview, FL
Data through February 2026 · Updated monthly
Avg Home Value
$281,504
▼ 2.3% year-over-year
Month-over-Month
-0.3%
▼ 0.3%
Single Family
$281,079
Condo / Co-op
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The average home value in the 32539 ZIP code (Crestview, Florida) is $281,504 as of February 2026. Home prices are declining, down 2.3% compared to last year.
A 3-bedroom home in 32539 is valued at $246,829.
The market in 32539 has a $161,390 spread between bottom-tier homes at $204,806 and top-tier homes at $366,197. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 32539 ZIP code will increase 0.0% over the next 12 months. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Okaloosa County market area in Florida. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Okaloosa County report.
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Market Snapshot
32539 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $283,612 | $282,381 | $281,504 | ▼ 0.7% |
| Single Family Value | $280,630 | $280,717 | $281,079 | ▲ 0.2% |
Home Values
32539 Home Value Trend
Historical home values for ZIP code 32539. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 32539
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $162,732 |
| 3 Bedrooms | $246,829 |
| 4 Bedrooms | $331,450 |
Property Types
Home Values by Property Type in 32539
How different property types compare in this ZIP code.
All Homes
$281,504
Single Family
$281,079
Bottom Tier
$204,806
Top Tier
$366,197
Forecast
12-Month Home Value Forecast for 32539
Zillow projects home values in 32539 will increase 0.0% over the next year.
Current Value
$281,504
Projected Change
0.0%
▲ 0.0%
Projected Value
--
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 32539 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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