Commercial Real Estate Market in Defuniak Springs, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
451 active listings and 631 off-market properties in Defuniak Springs, FL. Commercial property asks $27/SF to buy and $19.33/SF/Yr to lease.
Market Trends
Defuniak Springs, FL spans 388.0 square miles in Walton County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Defuniak Springs, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Defuniak Springs, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Defuniak Springs, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Defuniak Springs, FL asks $314/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Defuniak Springs, FL has 24,971 residents in 10,944 households. Density runs 64 people per square mile. Median household income here is $54,774 and median gross rent $961 a month.
24,971
Population
10,944
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
388 sq mi
ZIP Area
64
Density / Sq Mi
$54,774
Median Household Income
$36,181
Median Earnings
$961
Median Rent
$161,331
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Defuniak Spgs | — | $19.33 |
| Argyle | — | — |
| Ponce de Leon | — | — |
| Red Bay | — | — |
Commercial property in Defuniak Springs, FL asks $27/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Defuniak Springs?
Commercial property in Defuniak Springs, FL asks an average of $27 per square foot. The 5 most recent recorded sales traded at a median of $88/SF. Multifamily carries the highest asking price at $314/SF.
How much does it cost to lease commercial space in Defuniak Springs?
Asking lease rates in Defuniak Springs, FL average $19.33 per square foot per year.
Where does Realmo's Defuniak Springs market data come from?
Realmo compiles Defuniak Springs, FL figures from 5 recent recorded sales, 435 active sale listings, 16 active lease listings, 631 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 435 active for-sale and 16 active for-lease listings in Defuniak Springs, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
