Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 14,714, 5,441 total housing units (homes and apartments), and a median house value of $234,338, Niceville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Niceville, accounting for 73.87% of the city's housing units. Other types of housing that are prevalent in Niceville include mobile homes or trailers ( 10.38%), duplexes, homes converted to apartments or other small apartment buildings ( 6.74%), and a few large apartment complexes or high rise apartments ( 5.85%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Niceville. Owner-occupied housing accounts for 68.44% of Niceville's homes, and 73.15% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Niceville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Niceville built between 2000 and later ( 20.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.73%). There's also some housing in Niceville built before 1939 ( 1.06%).
Niceville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Niceville during the period has been just -1.02%, which is lower than 70% of US communities.
Appreciation rates are so strong in Niceville that despite a nationwide downturn in the housing market, Niceville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Niceville appreciation rates continue to be some of the highest in America, at 6.52%, which is higher than appreciation rates in 78.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Niceville. Niceville appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.41%.
Importantly, this makes Niceville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Niceville's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Niceville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Niceville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Niceville real estate investment or home purchase decisions.
|$872,001 - $1,163,000||2.4|
|$581,001 - $872,000||5.4|
|$465,001 - $581,000||6.9|
|$349,001 - $465,000||14.6|
|$233,001 - $349,000||19.6|
|$116,001 - $233,000||38.5|
|$58,001 - $116,000||8.5|
|$0 - $58,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Niceville HOMES|
|2000 or Newer||20.8|
|1970 - 1999||60.4|
|1940 - 1969||17.7|
|1939 or Older||1.1|
|TYPE OF Niceville HOMES|
|Small Apt. Buildings||6.7|
|SIZE OF Niceville HOMES|
|5 or more bedrooms||0.66|