LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,113
Monthly Cash Flow
-$410
Principal + Equity
$2,227
Annual Total Gain
$21,808
Cash on Cash
-4.6%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Places to Buy a House in Florida
#168out of 1193 markets
Best Places to Raise a Family in Florida
#139out of 1195 markets
Places with the Best Public Schools in Florida
#98out of 660 markets
A-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Niceville, FL.
In Niceville, FL, Short Term Rentals (STRs) are subject to regulations set forth by the city government. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: The city of Niceville has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing and Permitting: STRs in Niceville are required to obtain a business tax receipt and a short term rental permit from the city. Investors should be prepared to go through the application process and pay any associated fees.
3. Occupancy Limits: The city of Niceville has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure they are in compliance.
4. Noise and Nuisance Regulations: Niceville has noise ordinances in place to prevent disturbances to neighbors. Investors should be aware of these regulations and take steps to ensure that their guests are respectful of the community.
5. Safety and Building Code Compliance: STR properties in Niceville must meet certain safety and building code requirements. Investors should ensure that their property is up to code and that all necessary safety measures are in place.
6. Taxation: Investors should be aware of any local taxes that apply to STRs in Niceville, such as tourist development taxes. They should also be prepared to collect and remit these taxes to the appropriate authorities.
By familiarizing themselves with these regulations and ensuring compliance, investors can minimize the risk of running into legal issues and maximize the success of their investment in the Niceville STR market.
Market Trends Over Time
Explore 25 years of market data for Niceville, 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 Niceville, FL.
The LTR Genie Score of Niceville, FL is 59 and STR Genie Score is 39, indicating a moderate level of rentability for long-term rentals and a lower level for short-term rentals. The LTR Net ROI of 20.38% suggests a decent return on investment for long-term rental properties, while the STR Net ROI of 17.63% is slightly lower. The 1-Year Price Appreciation Forecast of 0.3% indicates a stable market with minimal growth potential. The STR Occupancy rate of 55% and revenue of $2198 are relatively average compared to other markets.
Niceville, FL is a charming city located in the Florida Panhandle known for its family-friendly community, top-rated schools, and proximity to the beautiful beaches of the Gulf Coast. The area offers a mix of suburban and waterfront properties, making it an attractive location for real estate investors.
Based on the metrics provided, Niceville, FL may be more attractive for long-term rental investment due to the higher LTR Genie Score and Net ROI compared to short-term rentals. However, investors should consider the stable but slow price appreciation forecast and moderate rentability when making their decision. It may be beneficial to explore a combination of both long-term and short-term rental strategies to maximize returns in this market.
