Home prices
The value of the median home in Shalimar is $312,200. This is approximately $104,620 (50%) higher compared to other places in this area.It is approximately $94,700 (43%) higher in comparison to the entire nation, and compared to the city of Pensacola it is about $129,400 (70%) higher.
Rents
The median monthly rent in Shalimar is $1,517. In comparison to its surrounding areas it is about $462 (43%) higher.It is approximately $455 (42%) higher in comparison to the rest of the country, and compared to the city of Pensacola is about $563 (59%) higher.
Nearby places
Lake Lorraine
Lake Lorraine is Shalimar's neighbor to the east. The housing prices there are somewhat less expensive. The median home in Lake Lorraine is valued at $273,000, which is $39,200 (14%) lower than Shalimar. Its rents are a bit less expensive. In Lake Lorraine the median monthly rent is $1,171, which is $346 (29%) lower than Shalimar.
Ocean City
Ocean City is approximately 1 mile west of Shalimar. The housing prices there are substantially less expensive. The median home in Ocean City costs $174,800, which is $137,400 (78%) lower than Shalimar. Rent there is significantly less expensive. The median rent in Ocean City is $947 per month, which comes out to $570 (60%) lower than Shalimar.
Cinco Bayou
Cinco Bayou is about 2 miles southwest of Shalimar. Its real estate prices are substantially less expensive. Cinco Bayou's median home value is $235,700, which works out to $76,500 (32%) lower than Shalimar. Rent there is substantially less expensive. In Cinco Bayou the median monthly rent is $1,105, which works out to $412 (37%) lower than Shalimar.
Fort Walton Beach
Fort Walton Beach is approximately 2 miles southwest of Shalimar. Its housing prices are significantly less expensive. The cost of the median home in Fort Walton Beach is $185,900, which is $126,300 (67%) lower than Shalimar. Its rents are a lot less expensive. In Fort Walton Beach the median rent is $988 per month, which comes out to $529 (53%) lower than Shalimar.
Wright
Wright is roughly 3 miles west from Shalimar. Its real estate prices are a lot less expensive. The median home in Wright costs $168,500, which is $143,700 (85%) lower than Shalimar. Its rents are a lot less expensive. In Wright the median rent is $1,064 per month, which works out to $453 (42%) lower than Shalimar.
