Home prices
The median home value in Valparaiso is $224,800. It is about $22,100 (8%) lower compared to nearby areas.In comparison to the rest of the nation it is roughly $7,300 (3%) higher, and compared to the city of Dothan it is about $74,100 (49%) higher.
Rents
Valparaiso's median monthly rent is $1,159. This is roughly $12 (1%) lower compared to its nearby areas.Compared to the rest of the nation it is approximately $97 (9%) higher, and it is about $408 (54%) higher in comparison to the city of Dothan.
Nearby places
Niceville
Niceville is Valparaiso's neighbor to the northeast. Its real estate prices are somewhat more expensive. The median home in Niceville costs $238,800, which works out to $14,000 (5%) higher than Valparaiso. The rent there is fairly similar. In Niceville the median monthly rent is $1,117, which comes out to $42 (3%) lower than Valparaiso.
Lake Lorraine
Lake Lorraine is approximately 5 miles southwest from Valparaiso. The real estate prices there are somewhat more expensive. The median home in Lake Lorraine costs $273,000, which is $48,200 (17%) higher than Valparaiso. Rents there are fairly similar. Lake Lorraine's median rent is $1,171 per month, which comes out to $12 (1%) higher than Valparaiso.
Shalimar
Shalimar is roughly 5 miles southwest of Valparaiso. Its housing prices are somewhat more expensive. The median home in Shalimar is valued at $312,200, which works out to $87,400 (27%) higher than Valparaiso. Rent there is a bit more expensive. Shalimar's median monthly rent is $1,517, which is $358 (23%) higher than Valparaiso.
Ocean City
Ocean City is about 6 miles southwest from Valparaiso. Its housing prices are somewhat less expensive. The median home in Ocean City is valued at $174,800, which works out to $50,000 (28%) lower than Valparaiso. Its rents are a little less expensive. The median monthly rent in Ocean City is $947, which is $212 (22%) lower than Valparaiso.
Cinco Bayou
Cinco Bayou is roughly 7 miles southwest from Valparaiso. Real estate prices there are pretty similar. The median home value in Cinco Bayou is $235,700, which is $10,900 (4%) higher than Valparaiso. Its rents are similar. In Cinco Bayou the median monthly rent is $1,105, which is $54 (4%) lower than Valparaiso.
