1009 48th St, Niceville
Okaloosa County Real Estate - Niceville
Niceville is in North West Florida. It's population as recorded in the 2010 Census was 12,749. Niceville is approximately 44 miles from Pensacola (population 51,923) and around 55 miles from Panama City (population 36,484).
The median age for residents of Niceville is 42.2. Around 30.4% of Niceville households include school aged children and 27.1% of households include individuals aged 65 years or over. Census records indicate 87.2% of the Niceville population are White, 4.1% are Black or African American, .6% American Indian, 3.1% Asian and 3.9% are Two or more Races.
There are 5,695 housing units in Niceville. 454 (7.9%) of these were reported as vacant in the 2010 Census. There are 1,788 residential rental units in Niceville. 1,590 of them were occupied in 2010 providing a residential rental vacancy rate of 10.9%.
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Okaloosa County
Okaloosa County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Walton, Holmes, Jackson, Washington, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Okaloosa has a population over 180,000. The county is part of one of the fastest growing regions in the nation. The county is located in the panhandle, with the southern portion bordering the Gulf of Mexico and the northern portion on the Georgia border.
Top industries in Okaloosa County are government, professional & business services, trade & transportation, leisure and hospitality, and education & health services. Several air force and army facilities are located in Okaloosa County, including Eglin Air Force Base, Hurlburt Field, and Duke Field. By size, Eglin is the largest Air Force base in the country and is responsible for the development, acquisition, testing, and deployment of all air-delivered weapons. Okaloosa county's white sand beaches also attract many tourists to the area. Top private sector employers are Fort Walton Beach Medical Center, L-3 Communications/Crestview Aerospace, DRS Training & Control Systems, InDyne Inc, and ResortQuest. Major public sector employers are US Department of Defense-Eglin AFB, Okaloosa School District, and County of Okaloosa-Sheriff's Department.
Defense is major business in Okaloosa. Of the ten largest defense contractors in the state, six have a presence in Okaloosa. 350 such companies provide 21,000 jobs and contribute over $6.5 billion to the economy.
Okaloosa is a major transportation hub. Indeed, its county seat, Crestview, is nicknamed the "Hub City". With two rivers, a CSX railroad line, and access to multiple highways including Interstate-10, the city is at the center of the region.
Northwest Florida State College has five campuses throughout the county, with its main campus in Niceville. Troy University also has campuses in the county, including one on Eglin AFB.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 602 Fir Ave | Single Family | 1,152 | C |
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| 608 Fir Ave | Single Family | 715 | C |
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| 610 Fir Ave | Single Family | 711 | C |
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| 1010 48th St | Single Family | 1,118 | C |
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| 628 Fir Ave | Single Family | 1,487 | C |
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| 522 Fir Ave | Single Family | 1,912 | C |
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| 1020 48th St | Single Family | 1,330 | C |
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| 630 Fir Ave | Single Family | 1,487 | C |
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| 1018 48th St | Single Family | 3,295 | B |
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| 519/521 Fir Ave | Multi-family - less than 10 units | 1,568 | C |
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| 201 College Blvd 26 | Condominium | 816 | B |
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| 201 College Blvd 27 | Condominium | 600 | B |
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| 201 College Blvd 28 | Condominium | 816 | B |
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| 201 College Blvd 29 | Condominium | 600 | B |
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| 201 College Blvd 30 | Condominium | 816 | B |
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| 201 College Blvd 52 | Condominium | 600 | B |
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| 201 College Blvd 53 | Condominium | 816 | B |
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| 201 College Blvd 54 | Condominium | 600 | B |
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| 201 College Blvd 55 | Condominium | 816 | B |
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| 201 College Blvd 56 | Condominium | 816 | B |
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| 201 College Blvd 57 | Condominium | 600 | B |
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| 201 College Blvd 58 | Condominium | 816 | B |
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| 201 College Blvd 59 | Condominium | 600 | B |
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| 201 College Blvd 60 | Condominium | 816 | B |
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| 201 College Blvd 61 | Condominium | 1,478 | B |
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| 201 College Blvd 1 | Condominium | 816 | B |
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| 201 College Blvd 2 | Condominium | 600 | B |
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| 201 College Blvd 3 | Condominium | 816 | B |
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| 201 College Blvd 4 | Condominium | 600 | B |
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| 201 College Blvd 5 | Condominium | 816 | B |
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| 201 College Blvd 6 | Condominium | 816 | B |
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| 201 College Blvd 8 | Condominium | 816 | B |
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| 201 College Blvd 9 | Condominium | 600 | B |
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| 201 College Blvd 10 | Condominium | 816 | B |
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| 201 College Blvd 11 | Condominium | 816 | B |
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| 201 College Blvd 12 | Condominium | 600 | B |
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| 201 College Blvd 13 | Condominium | 816 | B |
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| 201 College Blvd 25 | Condominium | 816 | B |
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| 201 College Blvd 24 | Condominium | 600 | B |
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| 201 College Blvd 23 | Condominium | 816 | B |
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| 201 College Blvd 22 | Condominium | 600 | B |
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| 201 College Blvd 21 | Condominium | 816 | B |
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| 201 College Blvd 20 | Condominium | 816 | B |
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| 201 College Blvd 19 | Condominium | 600 | B |
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| 201 College Blvd 18 | Condominium | 816 | B |
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| 201 College Blvd 17 | Condominium | 600 | B |
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| 201 College Blvd 16 | Condominium | 816 | B |
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| 201 College Blvd 14 | Condominium | 600 | B |
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| 201 College Blvd 15 | Condominium | 816 | B |
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Local Household Income
The median household income in this part of Florida is $68,549. The bottom 10% of the population earn less than $21,092 per year. The top 10% earn more than $162,114 per year. The top 1% earn more than $423,170 per year. Most renters earn between $33,396 (20th percentile) and $58,956 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $137,098 and $171,373.
The tax assessed value of this property places it in percentile 24 of all properties in this area. This suggests it would appeal to someone earning around $39,126 per year who should qualify for a mortgage between $78,252 and $97,815.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,020. Most renters earn between $2,783 and $4,913 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $744 (20th percentile) to $1,362 (80th percentile) range. The residential vacancy rate is 12%.
This property falls in percentile 24 of all properties in this area. This corresponds to a rent of $788 per month and a monthly household income of $2,913 ($34,956 per year)
Nearby Companies
1011 47th St
1009 48th St
613 Fir Ave