703 Greenwood Ln, 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

AddressTypeSq FtClass 
406 Greenwood Way Single Family 2,282 B
943 Ridgewood Way Single Family 2,063 B
702 Greenwood Ln Single Family 2,509 C
941 Ridgewood Way Single Family 2,302 C
404 Greenwood Way Single Family 2,534 C
409 Greenwood Cv E Single Family 1,959 B
700 Greenwood Ln Single Family 2,172 C
939 Ridgewood Way Single Family 2,480 B
407 Greenwood Way Single Family 2,868 B
502 Greenwood Cv S Single Family 2,556 B
600 Greenwood Cv E Single Family 1,845 C
402 Greenwood Way Single Family 1,969 C
1003 Ridgewood Cove S Single Family 2,498 B
937 Ridgewood Way Single Family 2,012 C
935 Ridgewood Way Single Family 1,917 C
601 Greenwood Cv E Single Family 2,022 C
503 Greenwood Cv S Single Family 2,367 B
405 Greenwood Way Single Family 1,950 C
504 Greenwood Cv S Single Family 2,498 B
1005 Ridgewood Cove S Single Family 2,162 B
946 Ridgewood Way Single Family 2,332 C
944 Ridgewood Way Single Family 2,263 B
948 Ridgewood Way Single Family 1,994 C
400 Greenwood Way Single Family 2,153 B
942 Ridgewood Way Single Family 1,953 B
602 Greenwood Cv E Single Family 1,972 B
950 Ridgewood Cove S Single Family 2,489 B
933 Ridgewood Way Single Family 2,027 C
505 Greenwood Cv S Single Family 2,583 B
210 Oakwood Cir Single Family 2,136 C
940 Ridgewood Way Single Family 2,772 B
1007 Ridgewood Cove S Single Family 2,780 C
403 Greenwood Way Single Family 2,364 B
506 Greenwood Cv S Single Family 3,355 B
604 Greenwood Cv E Single Family 2,109 C
603 Greenwood Cv E Single Family 2,614 C

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 76 of all properties in this area. This suggests it would appeal to someone earning around $112,193 per year who should qualify for a mortgage between $224,386 and $280,483.

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 76 of all properties in this area. This corresponds to a rent of $1,290 per month and a monthly household income of $4,744 ($56,928 per year)

Nearby Companies

Bulaklak Katuray, Inc.
403 Greenwood Way
Martessa Marketing, Inc.
403 Greenwood Way
J & L International Imports, Inc.
403 Greenwood Way
Disclaimers and Disclosures

Public Records Data

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