Lake Lorraine, FL housing market
Homes typically sell in 71 days, below asking.
Home values, sales, trends and how Lake Lorraine compares with the towns next door — updated as new data is published.
Lake Lorraine at a glance
A buyer's market
More homes are for sale than are selling — about 9 months of supply. Buyers have room to negotiate.
Home prices up 54% in 5 years
The federal house price index for the ZIP code around Lake Lorraine rose 54% over the past 5 years, slower than across Florida (60%). Last year prices fell 1.8%. Carrying the Census median home value forward with that index puts the typical Lake Lorraine home at roughly $454,000 today.
Show as a table
| Year | Change that year | Since 2000 | Florida since 2000 |
|---|---|---|---|
| 2025 | −1.8% | +211% | +264% |
| 2024 | +11% | +217% | +266% |
| 2023 | −4.4% | +185% | +254% |
| 2022 | +29% | +198% | +226% |
| 2021 | +14% | +130% | +163% |
| 2020 | +7.2% | +102% | +128% |
| 2019 | +9.8% | +88% | +117% |
| 2018 | +0.4% | +71% | +106% |
| 2017 | +2.8% | +71% | +90% |
| 2016 | +11% | +66% | +76% |
| 2015 | +7.7% | +50% | +61% |
| 2014 | +0.9% | +39% | +47% |
| 2013 | +3.2% | +38% | +34% |
| 2012 | −3.8% | +34% | +24% |
| 2011 | −2% | +39% | +26% |
| 2010 | −9.5% | +42% | +36% |
| 2009 | −8.1% | +57% | +50% |
| 2008 | −13% | +71% | +83% |
| 2007 | −7.3% | +96% | +117% |
| 2006 | +11% | +111% | +123% |
| 2005 | +37% | +90% | +92% |
| 2004 | +20% | +38% | +51% |
| 2003 | +7.3% | +15% | +30% |
| 2002 | +2.8% | +7.4% | +20% |
| 2001 | +4.5% | +4.5% | +9.7% |
| 2000 | — | — | — |
How Lake Lorraine ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 32579, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Lake Lorraine and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Lake Lorraine | — | −1.8%† | $1,970 | $104,105 |
| Shalimar | $385K | +1.6% | $1,970 | $115,417 |
† FHFA price index change, where Zillow has no home value for the town.
4.2 years of income
The typical Lake Lorraine home costs about 4.2 years of the town's median household income, less than across Florida (5 years).
How Lake Lorraine ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,970
HUD's Fair Market Rent for a two-bedroom in Lake Lorraine is $1,970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lake Lorraine pay a median of $1,654, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,500 · 4 bedrooms $3,290
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32579; Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.