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Crestview, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,853
Monthly Cash Flow
$48
Principal + Equity
$1,831
Annual Total Gain
$22,552
Cash on Cash
0.8%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$172
Occupancy Rate
61.29%
Monthly Revenue
$2,356
Monthly Cash Flow
$197
Principal + Equity
$1,831
Annual Total Gain
$24,346
Cash on Cash %
3.29%
Net ROI %
Market Health & Growth
Median Income
$69,279
Population
28,046
LTR Renter %
37.95%
Forecast (1 yr)
0.5%
Appreciation (1 yr)
-3.44%
Appreciation (5 yr)
37.2%
Appreciation (10 yr)
91.52%
Job Growth
-2.47%
LTR Rentability
Moderate
STR Demand
59
STR Rentals
57
Top Public Schools
ACollegiate High School at Northwest Florida State College
A-Okaloosa STEMM Academy
A-
A-
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Places to Buy a House in Florida
#280out of 1193 markets
Most Diverse Places to Live in Florida
#262out of 1195 markets
Places with the Best Public Schools in Florida
#215out of 660 markets
B
Public School
C-
Crime And Safety
B-
Housing
B-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Crestview, FL.
In Crestview, FL, short term rentals (STRs) are regulated by the city's Land Development Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Zoning: STRs are only allowed in certain zoning districts within Crestview. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing: All STRs in Crestview must be licensed with the city. Investors should familiarize themselves with the licensing process and requirements before purchasing a property for short term rental purposes.
3. Occupancy limits: The city of Crestview has occupancy limits for STRs, which vary depending on the size of the property. Investors should ensure that the property they are considering purchasing complies with these occupancy limits.
4. Noise and nuisance regulations: STRs in Crestview are subject to noise and nuisance regulations, and investors should be aware of the city's noise ordinances and other regulations that may impact their ability to operate a short term rental property.
5. Taxation: STRs in Crestview are subject to local lodging taxes, and investors should be aware of their tax obligations before purchasing a property for short term rental purposes.
6. Homeowner's association rules: If the property is located within a homeowner's association (HOA), investors should review the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
Overall, investors looking to purchase a property for short term rental purposes in Crestview, FL should thoroughly research and understand the city's regulations and requirements for operating an STR. It is recommended to consult with a local real estate attorney or property management company familiar with STR regulations in Crestview to ensure compliance with all applicable laws and regulations.
Market Trends Over Time
Explore 25 years of market data for Crestview, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Crestview, FL.
The LTR Genie Score of Crestview, FL is 70 and the STR Genie Score is 67, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, with a slight rent growth rate of 0.0634% and a respectable LTR Net ROI of 31.34%. On the other hand, the STR Net ROI is slightly higher at 33.83%, with a decent STR Occupancy rate of 61.29% and STR Revenue of 2356.
The LTR Genie Score is slightly higher than the STR Genie Score, suggesting that the market may be more favorable for long-term rental investments. However, the difference between the two scores is not significant, indicating that both long-term and short-term rental strategies could be viable in Crestview, FL.
Crestview, FL is a growing city with a strong military presence due to its proximity to Eglin Air Force Base. This could provide a steady demand for rental properties, making it an attractive market for real estate investors.
In conclusion, Crestview, FL shows potential for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies in this market. However, conducting thorough market research and due diligence is recommended before making any investment decisions.
LTR Genie Score 93
$144,000
🛏 4 Beds🛁 2.0000 Baths🏙 1,408 sqft.🏠 SINGLE FAMILY