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Destin, 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
$2,142
Monthly Cash Flow
-$1,345
Principal + Equity
$3,377
Annual Total Gain
$24,379
Cash on Cash
-10.99%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$364
Occupancy Rate
72.73%
Monthly Revenue
$6,269
Monthly Cash Flow
$1,842
Principal + Equity
$3,377
Annual Total Gain
$62,624
Cash on Cash %
15.05%
Net ROI %
Market Health & Growth
Median Income
$89,141
Population
14,018
LTR Renter %
30.18%
Forecast (1 yr)
0.4%
Appreciation (1 yr)
-6.58%
Appreciation (5 yr)
35.1%
Appreciation (10 yr)
78.65%
Job Growth
-1.62%
LTR Rentability
Low
STR Demand
81
STR Rentals
6,795
Top Public Schools
ACollegiate High School at Northwest Florida State College
A-Fort Walton Beach High School
A-
A-
A-
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 Retire in Florida
#127out of 660 markets
Best Places for Young Professionals in Florida
#140out of 1195 markets
Places with the Best Public Schools in Florida
#103out of 660 markets
A-
Public School
F
Crime And Safety
C
Housing
A-
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 Destin, FL.
In Destin, FL, there are specific regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Registration and Licensing: All short term rental properties in Destin must be registered with the city and obtain a license to operate as a vacation rental. This process typically involves submitting an application, paying a fee, and meeting certain requirements set by the city.
2. Zoning Restrictions: Destin has specific zoning regulations that dictate where short term rental properties can be located. Investors should ensure that the property they are considering purchasing is zoned for short term rentals before moving forward with the purchase.
3. Occupancy Limits: There are occupancy limits in place for short term rental properties in Destin, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them when renting out their property.
4. Noise and Nuisance Regulations: Destin has noise and nuisance regulations in place to ensure that short term rental properties do not disrupt the peace and quiet of the surrounding neighborhood. Investors should be mindful of these regulations and take steps to minimize noise and disturbances from their rental property.
5. Taxation: Short term rental properties in Destin are subject to certain taxes, including sales tax and tourist development tax. Investors should be aware of these tax obligations and ensure that they are properly collected and remitted to the appropriate authorities.
6. Homeowner's Association Rules: If the property is located within a homeowner's association (HOA), investors should also be aware of any additional rules and regulations that may apply to short term rentals within the community.
By familiarizing themselves with these regulations and ensuring compliance, investors can avoid potential legal issues and operate their short term rental property successfully in Destin, FL.
Market Trends Over Time
Explore 25 years of market data for Destin, 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 Destin, FL.
The LTR Genie Score of Destin, FL is 46, indicating a low rentability for long-term rental properties in the area. This is likely due to the low LTR Rent Growth Rate of 0.063% and the 1-Year Price Appreciation Forecast of only 0.4%. On the other hand, the STR Genie Score is 83, showing a high rentability for short-term rental properties. This is supported by the high STR Net ROI of 42.63% and the STR Occupancy rate of 72.73%.
Destin, FL is a popular tourist destination known for its stunning beaches and outdoor activities, making it a prime location for short-term rental investments. With a strong demand for vacation rentals and high occupancy rates, investors can expect a favorable return on investment in the short-term rental market in Destin.
Based on the metrics provided, it is recommended for real estate investors to focus on short-term rental investments in Destin, FL. The high STR Genie Score and strong indicators for short-term rentals make it a more attractive option compared to long-term rentals in this market. Investors can capitalize on the tourism industry and capitalize on the high demand for vacation rentals in the area.