Best ZIP Codes for Cash Flow in Crestview-Fort Walton Beach-Destin, FL (2026)
Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 32433 | Defuniak Springs, FL | $230,120 | $1,738 | 5.89% | 4.2% |
| 2 | 32539 | Crestview, FL | $284,748 | $1,929 | 5.28% | 3.5% |
| 3 | 32462 | Vernon, FL | $193,236 | $1,305 | 5.27% | 4.5% |
| 4 | 32536 | Crestview, FL | $295,931 | $1,946 | 5.13% | 3.4% |
| 5 | 32569 | Mary Esther, FL | $322,212 | $2,045 | 4.95% | 3.3% |
| 6 | 32580 | Eglin AFB, FL | $331,446 | $2,033 | 4.78% | 2.3% |
| 7 | 32547 | Fort Walton Beach, FL | $316,555 | $1,826 | 4.50% | 3.0% |
| 8 | 32550 | Miramar Beach, FL | $653,670 | $3,520 | 4.20% | 2.6% |
| 9 | 32548 | Fort Walton Beach, FL | $341,402 | $1,785 | 4.08% | 2.5% |
| 10 | 32564 | Holt, FL | $272,997 | $1,395 | 3.99% | 4.3% |
| 11 | 32579 | Shalimar, FL | $388,946 | $1,917 | 3.84% | 3.2% |
| 12 | 32464 | Westville, FL | $202,354 | $981 | 3.78% | 1.1% |
| 13 | 32455 | Defuniak Springs, FL | $209,549 | $981 | 3.65% | 3.8% |
| 14 | 32439 | Freeport, FL | $391,683 | $1,817 | 3.62% | 2.9% |
| 15 | 32435 | Defuniak Springs, FL | $241,551 | $981 | 3.17% | 4.1% |
| 16 | 32531 | Baker, FL | $328,167 | $1,305 | 3.10% | 4.4% |
| 17 | 32541 | Destin, FL | $627,422 | $2,045 | 2.54% | 3.7% |
| 18 | 32461 | Inlet Beach, FL | $1,402,493 | $3,443 | 1.92% | 2.3% |
| 19 | 32459 | Santa Rosa Beach, FL | $864,108 | $1,914 | 1.73% | 2.1% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
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Appreciation in Crestview-Fort Walton Beach-Destin, FL · Affordable in Crestview-Fort Walton Beach-Destin, FL
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