Valparaiso is located in northwest Florida. Valparaiso is part of Okaloosa County. Valparaiso has 11.85 square miles of land area and 0.88 square miles of water area. As of 2010-2014, the total Valparaiso population is 5,109, which has shrunk 20.27% since 2000. The population growth rate is much lower than the state average rate of 21.14% and is much lower than the national average rate of 11.61%. Valparaiso median household income is $60,591 in 2010-2014 and has grown by 53.31% since 2000. The income growth rate is much higher than the state average rate of 21.62% and is much higher than the national average rate of 27.36%. Valparaiso median house value is $185,500 in 2010-2014 and has grown by 108.43% since 2000. The house value growth rate is much higher than the state average rate of 48.06% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Valparaiso is much better than the state average in quality. The Valparaiso area code is 850.