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Valparaiso

Valparaiso

Located in Okaloosa County

$403,798 Average Value
$236 Average Price per Sq Ft
16 Homes For Sale

Valparaiso offers small-town living near the Eglin Air Force Base

Compared to its twin city of Niceville, Valparaiso offers relatively low housing values near the Eglin Air Force Base and Destin-Fort Walton Beach Airport. "You're literally five minutes from the front gate of the air base, no matter where you are in Valparaiso," says Joe Fagundes, luxury collections specialist and commercial advisor with Berkshire Hathaway HomeServices PenFed Realty. He's lived in the area for nearly 20 years and has served homebuyers since 2018. "It's a little bit more affordable than Niceville, partly due to the runways and the noise, which they try to make sure is not too crazy for many of us." Valparaiso's location along the water, in the heart of the Florida Panhandle, also draws folks to the area. "It's a small town in a good location," Fagundes says. Destin and the Gulf Coast are about 20 miles south.

Older homes with modern updates and bayou views

Most homes in Valparaiso have been around for a few decades. "Some neighborhoods [on the community's west end] have been there for a long time, and people have lived there for a while," Fagundes says. "But mostly what you see now is people buying properties and totally renovating them. There is a great opportunity to buy restored homes." Buyers will find a mix of ranch-style, New Traditional and contemporary colonial homes. New construction is limited, but not uncommon. Homes typically sit on a quarter to half-acre lot, and Fagundes says people tend to take care of their yards. "I can't tell you how many people have gardens," he says. Many homes border Boggy and Toms Bayou, but Fagundes says they're hard to come by. The median sale price for a home in Valparaiso is around $320,000.

Okaloosa County Schools earn high remarks on Niche

Niche ranks the Okaloosa County School District among Florida's top 10 best districts, giving it an overall A-minus. Addie R. Lewis School serves pre-kindergarten through eighth-grade students and receives a B-plus. Niche ranks Niceville High School as the second-best overall public high school in Okaloosa County, giving it an A. The high school offers several career and technical education programs, including digital design, web programming and culinary arts. Valparaiso is also home to Okaloosa STEMM Academy, a public middle school for students pursuing careers in science, technology, engineering, mathematics and medicine. Students must apply to enroll. Niche gives the school an A.

Bayou access, playgrounds and sports courts across town

Valparaiso has a couple of waterfront parks where folks can easily access the bayous. "This whole area is water-based," Fagundes says. "Lincoln Park is a city-owned park directly on Boggy Bayou. It's a favorite for people to swim, hang out and watch the water." Lincoln Park's boat ramp is operable 24 hours a day, and a playground and picnic tables are available steps from the shore. Florida Park offers an additional boat launch popular with kayakers, with a small walking path, picnic pavilions and a playground for the kids. Fishing is permitted at both parks, but there's also a public pier off Bayshore Drive for when crowds get big. Valparaiso also has plenty of inland recreational space with sports facilities, playgrounds and walking paths; Marion Ruckel Recreational Facility has tennis and basketball courts, and Little League Park has a few baseball diamonds.

Local dining includes bayou views, Italian fare and pho

John Sims Parkway winds around Boggy Bayou and cuts through the heart of Valparaiso, serving as the community's main commercial artery. The Boathouse Landing sits just off the Parkway, settled along Boggy Bayou, and offers fresh catches for dinner and a popular weekend brunch. The restaurant has plenty of patio seating overlooking the water. TradeWinds draws folks looking for traditional Italian plates. "It's one of the very best restaurants in the whole area," Fagundes says. "You can not get in there unless you book a reservation three weeks out. People come from Destin to eat there." Some other popular spots include Doc's Oyster Bar on Toms Bayou and Pho Nguyen Vietnamese Noodle. Some convenience stores and seafood markets line John Sims Parkway, but residents often head into Niceville for big-box stores. Aldi and Walmart Supercenter are about 4 miles east.

Main roads connect Valparaiso to Niceville and nearby cities

Locals mainly depend on cars to get around. John Sims Parkway, also known as Florida State Road 20, is the community's primary thoroughfare, connecting it with central Niceville about 3 miles away. Commuters also have quick access to Florida State Road 85. Active duty military members and their families can access Eglin Air Force Base Hospital, and HCA Florida Twin Cities Hospital is about 3 miles north. The Destin-Fort Walton Beach Airport offers domestic commercial flights just west of the community.

Coastal storms are a concern but flooding is less common here

Tropical weather is a threat on the Gulf Coast. According to the FEMA National Risk Index, Okaloosa County has a relatively high risk of hurricanes. "The good news is that [Valparaiso] is not directly exposed to all the water in the bay," Fagundes says. "Most areas are elevated, and flood insurance is not required." Flood insurance is often still recommended.

Brennen Martin
Written By
Brennen Martin

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Valparaiso Housing Trends

Housing Trends

Median List Price
$369,900
Median Sale Price
$372,500
Median Single Family Sale Price
$372,500
Median 2 Bedroom Sale Price
$260,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
65
Median Home Sale Price YoY Change
6%
Average Price Per Sq Ft
$236

Area Facts

Number of Homes
1,621
Number of Homes for Sale
16
Median Year Built
1969
Months of Supply
3.00
Average Single Family Home Size Sq Ft
1,731
Below the national average
1,927
Average Townhouse Size Sq Ft
1,409
Average 2 Bedroom Size Sq Ft
1,300
Median Lot Size Sq Ft
11,325

Open Houses

  • Saturday, Dec 6
    Open Sat 11AM - 2PM

    817 Spencer Place, Niceville, FL 32578

    $450,000

    • 4 Beds
    • 2 Baths
    • 1,912 Sq Ft
    • 817 Spencer Place

    MOVE IN READY! Home was built in 2017 and has been meticulously cared for by owner. You must view this home to appreciate the quality craftsmanship and design. All the quality of a new home in a perfect location and priced to sell. New carpet was just installed and bamboo flooring was installed in every bedroom in 2023. Entire interior of home was painted in 2025. Just a perfect family home with

    John J Lavin Jr The Beach Group Properties LLC

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Valparaiso Has More Owners

Demographics

Total Population
4,961
Median Age
34
Population under 18
22.8%
On par with the national average
23.8%
Population over 65
16.3%
On par with the national average
19.1%

Finances

Median Household Income
$69,469
Below the national average
$79,601
Average Household Income
$94,277

Education and Workforce

High School Graduates
94.5%
College Graduates
28.9%
Advanced Degrees
7.6%
Below the national average
13.3%
% Population in Labor Force
83.8%
Above the national average
64.9%

Weather

Annual Precipitation
74''
Average Winter Low Temperature
39°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

35 / 100

Car-Dependent

Walk Score®®

3 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Valparaiso
Wanda Jackson
The Premier Property Group
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