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City Report · FL

Valparaiso

Pop. 4,885·159th most expensive in Florida·Rental market data updated monthly for Valparaiso, FL
Median rent (all units)
$2,102/mo
Year-over-Year
Stable
Month-over-Month
+0.9%
vs US Median
+$140
Rising (Monthly)
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Most AffordableMost Expensive
Valparaiso · $2,102
More expensive than 64% of US cities · National median $1,962/mo
Affordability
28% of income
AFFORDABLE
0%30% benchmark60%+

At $2,102/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$84,000/yr
Local median income
$90,110/yr
Based on the 30%-of-income rule using Valparaiso's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

2 BR
$892
3 BR
$1,547
Fair Market Rent (HUD)
$892/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,102 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$25,224/yr
At $2,102/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, +0.9% MoM), not inventory.
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Demographics

Who lives here

Valparaiso, FL is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 45.9% of residents hold a bachelor's degree or higher.

Population
4,885
Median income
$90,110
Median age
28.9
Renters
35.8%
Age distribution
15.1%
45.4%
17.4%
14.3%
Under 1815.1%
18–3445.4%
35–5417.4%
55–647.9%
65+14.3%
Gender
56.3%
43.7%
Male56.3%
Female43.7%
Race & ethnicity
78.8%
White78.8%
Black8.2%
Hispanic9.3%
Asian2.2%
Other1.5%
Education (25+)
21%
32.8%
45.9%
HS diploma21%
Some college32.8%
Bachelor's+45.9%
Housing tenure
64.2%
35.8%
Owner64.2%
Renter35.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Valparaiso, FL has changed in 5 years

Income
$69,750 → $90,110
up 29.2%
Population
4,887 → 4,885
up 0.0%
Renter share
39.6% → 35.8%
-3.8 pts
Bachelor's+
29.5% → 45.9%
+16.4 pts
Median age
28 → 28.9
+0.9 yrs

Local incomes tracked alongside that move, going from a median of $69,750 in 2021 to $90,110 more recently. Renters now make up 35.8% of households, compared with 39.6% five years ago. College-educated residents now make up 45.9% of adults here, versus 29.5% in 2021.

Community

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View Valparaiso rent history (2015–2026) →
Salary vs rent

Can you afford rent in Valparaiso on your salary?

At $2,102/mo, how Valparaiso rent compares to typical pay (30% rule).

By apartment size

Valparaiso rent by bedroom count

Median rent for each apartment size in Valparaiso. Click any size for full breakdown.

Local insights

Tips for renters in Valparaiso

About renting in Valparaiso, FL

Last updated: August 17, 2026

The median rent in Valparaiso is $2,102/mo as of August 2026. a 2-bedroom runs $892/mo and 3-bedroom units go for $1,547/mo.

At 28% of local median household income ($90,110/yr), Valparaiso ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Valparaiso an affordable city for renters?

Valparaiso is considered affordable for renters. At $2,102/mo, rent takes approximately 28% of the local median household income ($90,110/yr). The standard benchmark is 30%. Valparaiso falls comfortably within that range.

How much income do you need to rent in Valparaiso?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,102/mo in Valparaiso. The local median household income is $90,110/yr, meaning the typical Valparaiso household meets that threshold.

Is rent going up or down in Valparaiso?

Rent in Valparaiso has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Valparaiso rent compare to other cities in Florida?

Valparaiso is middle-of-the-pack for Florida for rent, ranking #159 out of 291 tracked cities at $2,102/mo.

Which nearby cities are cheaper to rent in than Valparaiso?

Several nearby cities have lower median rents than Valparaiso ($2,102/mo): Fort Walton Beach ($1,804/mo), Shalimar ($1,917/mo), Destin ($2,045/mo).

What percentage of Valparaiso residents rent vs. own?

According to Census data, approximately 35.8% of Valparaiso households are renters, while 64.2% are owner-occupied. Valparaiso leans toward homeownership, which can mean a smaller rental inventory.

How does Valparaiso rent compare to the national average?

Valparaiso's median rent of $2,102/mo is $140 (7%) above the US national median of $1,962/mo. Within Florida, it ranks #159 out of 291 tracked cities.
Income Affordability
28%
AFFORDABLE

At $2,102/mo, rent takes ~28% of Valparaiso's median household income ($90,110/yr). The standard benchmark is 30%.

Valparaiso 28%Benchmark 30%
State income taxNone
Run the Valparaiso affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Valparaiso, FL

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