Niceville, Florida
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%.
Niceville links:
Niceville is located in Okaloosa County. It has a population of approximately 12,749 people. The population increased 6.6% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 5.1% for Okaloosa County and a 1.7% increase for the country as a whole. Niceville occupies 11.42 of the 930.25 square miles in Okaloosa County. It had a population density of 1116.4 persons per square mile in 2010. This compared to 194.4 for the county, 350.6 for Florida and 87.4 for the country.
6.2% ( 5,695) of the 92,394 housing units in Okaloosa County are in Niceville (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Niceville has a 77.5% homeownership rate compared to Okaloosa County's 66.9% homeownership rate and Florida's rate of 69.0%.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 18,801,310 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Okaloosa County | 180,822 | $4,417 | 5.1% | $54,140 | 92,394 | $196,800 |
| Niceville | 12,749 | $118 | 6.6% | $63,864 | 5,695 | $207,800 |
Niceville's medium household income in 2011 was $63,864. Okaloosa County's medium household income was $54,140, which is higher than the medium income for Florida as a whole: $47,827. 8.7% of the population in Niceville lives below the poverty line, compared to 14.7% in Florida, 11.7% of the population in Okaloosa County and 14.3% nationwide. Additional Information:
Niceville Economic Activity
The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Niceville. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $118 million, Niceville's economic activity represents 2.67% of Okaloosa County's $4,417MM in economic activity. Okaloosa County represents 0.70% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $0 | 0.0% |
| Merchant wholesaler sales | $6 | 5.5% |
| Retail sales | $92 | 78.2% |
| Accommodation and food services sales | $19 | 16.3% |
| Total | $118 | 100% |
Okaloosa County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Crestview | 20,978 | $513 | 6.5% | $48,750 | 9,153 | $169,300 |
| Destin | 12,305 | $792 | 4.1% | $63,716 | 13,672 | $292,800 |
| Fort Walton Beach | 19,507 | $1,487 | 4.0% | $47,282 | 9,592 | $173,200 |
| Niceville | 12,749 | $118 | 6.6% | $63,864 | 5,695 | $207,800 |
| Valparaiso | 5,036 | $24 | 1.5% | $43,798 | 1,939 | $195,000 |
Okaloosa County is located in Northwest Florida. This region is responsible for 4.6% of Florida's economic activity. Okaloosa County represents 15.3% of the region's economy.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Escambia County | 297,619 | $8,505 | 1.7% | $43,707 | 136,551 | $145,000 |
| Santa Rosa County | 151,372 | $1,467 | 4.7% | $55,913 | 65,728 | $173,400 |
| Okaloosa County | 180,822 | $4,417 | 5.1% | $54,140 | 92,394 | $196,800 |
| Walton County | 55,043 | $1,223 | 4.6% | $46,926 | 45,682 | $174,000 |
| Holmes County | 19,927 | $81 | -0.6% | $33,510 | 8,649 | $86,800 |
| Jackson County | 49,746 | $836 | -1.6% | $39,869 | 21,011 | $97,200 |
| Washington County | 24,896 | $195 | 0.0% | $37,036 | 10,864 | $96,600 |
| Bay County | 168,852 | $4,852 | 1.8% | $48,225 | 99,828 | $168,400 |
| Calhoun County | 14,625 | $74 | 0.7% | $31,142 | 6,069 | $80,200 |
| Liberty County | 8,365 | $28 | -1.1% | $40,893 | 3,362 | $80,600 |
| Gulf County | 15,863 | $95 | -0.9% | $41,291 | 9,148 | $150,600 |
| Franklin County | 11,549 | $130 | 1.2% | $37,017 | 8,665 | $170,100 |
| Gadsden County | 46,389 | $1,106 | -2.6% | $33,453 | 19,561 | $109,000 |
| Leon County | 275,487 | $5,470 | 3.0% | $45,827 | 124,701 | $195,300 |
| Jefferson County | 14,761 | $139 | -3.4% | $42,096 | 6,727 | $125,000 |
| Wakulla County | 30,776 | $195 | 0.1% | $54,151 | 12,721 | $136,900 |
| Total | 1,400,233 | $28,814 | 0.8% | $42,825 | 671,661 | $136,619 |
Niceville Real Estate
There are 13,151 properties in Niceville. The following table shows a summary of them based on 2014 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 3 | 0.02 | 0 | n/a | n/a | n/a | n/a |
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 79 | 0.60 | 1 | $105,000 | $68 | April 1st, 2014 | April 1st, 2014 |
| Health Care | 1 | 0.01 | 0 | n/a | n/a | n/a | n/a |
| Hotel & Motel | 17 | 0.13 | 0 | n/a | n/a | n/a | n/a |
| Industrial | 35 | 0.27 | 1 | $215,000 | $22 | July 1st, 2014 | July 1st, 2014 |
| Miscellaneous Property | 3 | 0.02 | 1 | $100,000 | $221 | May 1st, 2014 | May 1st, 2014 |
| Mobile/Manufactured | 345 | 2.62 | 9 | $79,900 | $49 | January 1st, 2014 | August 1st, 2014 |
| Multifamily | 167 | 1.27 | 2 | $100,000 | $81 | June 1st, 2014 | June 1st, 2014 |
| Office | 118 | 0.90 | 5 | $400,000 | $400 | February 1st, 2014 | August 1st, 2014 |
| Residential | 12,151 | 92.40 | 579 | $204,900 | $106 | January 1st, 2014 | October 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 167 | 1.27 | 6 | $150,000 | $37 | April 1st, 2014 | July 1st, 2014 |
| Senior Housing | 3 | 0.02 | 0 | n/a | n/a | n/a | n/a |
| Special Purpose | 56 | 0.43 | 0 | n/a | n/a | n/a | n/a |
| Sports & Entertaining | 6 | 0.05 | 0 | n/a | n/a | n/a | n/a |
Agricultural Real Estate in Niceville, Florida
3( .02%) of the properties in Niceville are classified as Agricultural.
Commercial Real Estate in Niceville, Florida
0( .00%) of the properties in Niceville are classified as Commercial.
Government Real Estate in Niceville, Florida
79( .60%) of the properties in Niceville are classified as Government. 1 of them sold between April 1st, 2014 and April 1st, 2014. The total value of these sales was $105,000. The median sales price was $105,000. In 2014 the median sales price for Government Property in Niceville was $68 per sq ft.
Health Care Real Estate in Niceville, Florida
1( .01%) of the properties in Niceville are classified as Health Care.
Hotel & Motel Real Estate in Niceville, Florida
17( .13%) of the properties in Niceville are classified as Hotel & Motel.
Industrial Real Estate in Niceville, Florida
35( .27%) of the properties in Niceville are classified as Industrial. 1 of them sold between July 1st, 2014 and July 1st, 2014. The total value of these sales was $215,000. The median sales price was $215,000. In 2014 the median sales price for Industrial in Niceville was $22 per sq ft.
Miscellaneous Real Estate in Niceville, Florida
3( .02%) of the properties in Niceville are classified as Miscellaneous. 1 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $100,000. The median sales price was $100,000. In 2014 the median sales price for Miscellaneous Property in Niceville was $221 per sq ft.
Mobile/Manufactured Real Estate in Niceville, Florida
345( 2.62%) of the properties in Niceville are classified as Mobile/Manufactured. 9 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $720,000. The median sales price was $79,900. In 2014 the median sales price for Mobile/Manufactured in Niceville was $49 per sq ft.
Multifamily Real Estate in Niceville, Florida
167( 1.27%) of the properties in Niceville are classified as Multifamily. 2 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $200,000. The median sales price was $100,000. In 2014 the median sales price for Multifamily in Niceville was $81 per sq ft.
Office Real Estate in Niceville, Florida
118( .90%) of the properties in Niceville are classified as Office. 5 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $3,350,000. The median sales price was $400,000. In 2014 the median sales price for Office in Niceville was $400 per sq ft.
Residential Real Estate in Niceville, Florida
12,151( 92.40%) of the properties in Niceville are classified as Residential. 579 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $132,364,247. The median sales price was $204,900. In 2014 the median sales price for A Class Residential in Niceville was $131 per sq ft, B Class properties sold for $106/ft and C Class $48/ft.
Residential Real Estate in Niceville, Florida
0( .00%) of the properties in Niceville are classified as Residential.
Retail Real Estate in Niceville, Florida
167( 1.27%) of the properties in Niceville are classified as Retail. 6 of them sold between April 1st, 2014 and July 1st, 2014. The total value of these sales was $1,014,200. The median sales price was $150,000. In 2014 the median sales price for Retail in Niceville was $37 per sq ft.
Senior Housing Real Estate in Niceville, Florida
3( .02%) of the properties in Niceville are classified as Senior Housing.
Special Purpose Real Estate in Niceville, Florida
56( .43%) of the properties in Niceville are classified as Special Purpose.
Sports & Entertaining Real Estate in Niceville, Florida
6( .05%) of the properties in Niceville are classified as Sports & Entertaining.
Niceville, Okaloosa County Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 4 | 3,525 |
| Government Property | 74 | 1,748,726 |
| Health Care | 1 | 92,308 |
| Hotel & Motel | 14 | 225,300 |
| Industrial | 33 | 337,671 |
| Land | 599 | 84,198 |
| Miscellaneous Property | 3 | 1,796 |
| Mobile/Manufactured | 313 | 459,712 |
| Multifamily | 152 | 622,378 |
| Office | 133 | 667,544 |
| Residential | 12,366 | 27,923,041 |
| Retail | 161 | 1,426,519 |
| Senior Housing | 3 | 105,573 |
| Special Purpose | 50 | 732,064 |
| Sports & Entertaining | 6 | 34,664 |
Niceville Median Property Values per Sq Ft
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| Airport (private or commercial), bus terminal, marine terminal, pier or marina. | 2016 | $240 | $9 | $96 | $7 | $51 | $4 |
| Auto sales, auto repair and storage or auto service shop | 2016 | $133 | $14 | $68 | $7 | $40 | $4 |
| Bowling alley, skating rink, pool hall or enclosed arena | 2016 | $133 | $37 | $68 | $17 | $40 | $7 |
| Church | 2016 | $133 | $9 | $68 | $7 | $40 | $4 |
| Club, lodge or union hall | 2016 | $133 | $9 | $68 | $7 | $40 | $4 |
| College | 2016 | $133 | $11 | $68 | $6 | $40 | $5 |
| Community Shopping Center | 2016 | $133 | $14 | $68 | $7 | $40 | $4 |
| Condominium | 2016 | $129 | $16 | $95 | $16 | $67 | $16 |
| County Owned | 2016 | $133 | $11 | $68 | $6 | $40 | $5 |
| Cultural organization, facility | 2016 | $133 | $9 | $68 | $7 | $40 | $4 |
| Federal Owned | 2016 | $97 | $11 | $23 | $6 | $15 | $5 |
| Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $133 | $14 | $68 | $7 | $40 | $4 |
| Forest, park or recreational area | 2014 | $159 | $11 | $22 | $7 | $19 | $5 |
| Golf course or driving range | 2016 | $133 | $37 | $68 | $17 | $40 | $7 |
| Government Undefined | 2016 | $133 | $11 | $68 | $6 | $40 | $5 |
| Home for the aged | 2016 | $133 | $15 | $68 | $10 | $40 | $9 |
| Hotel or motel | 2016 | $133 | $33 | $68 | $33 | $40 | $33 |
| Improved agricultural | 2016 | $133 | $27 | $68 | $15 | $40 | $9 |
| Light manufacturing | 2016 | $133 | $5 | $68 | $3 | $40 | $2 |
| Lumber yard, sawmill or planing mill | 2014 | $164 | $5 | $80 | $4 | $41 | $2 |
| Military | 2016 | $133 | $11 | $68 | $6 | $40 | $5 |
| Miscellaneous Residential (migrant camp or boarding home.) | 2016 | $129 | $33 | $95 | $33 | $67 | $33 |
| Mixed use - store and office or store and residential or residential combination | 2016 | $91 | $14 | $59 | $7 | $44 | $4 |
| Mobile Home | 2016 | $108 | $6 | $35 | $6 | $22 | $6 |
| Mortuary, cemetery or crematorium | 2016 | $133 | $9 | $68 | $7 | $40 | $4 |
| Multi-family - 10 units or more | 2016 | $108 | $7 | $35 | $6 | $22 | $5 |
| Multi-family - less than 10 units | 2016 | $91 | $7 | $59 | $6 | $44 | $5 |
| Municipal Owned | 2016 | $97 | $11 | $23 | $6 | $15 | $5 |
| Nightclub, cocktail lounge or bar | 2016 | $133 | $37 | $68 | $17 | $40 | $7 |
| Office building, non-professional service building, multi-story | 2016 | $240 | $12 | $96 | $8 | $51 | $8 |
| Office building, non-professional service building, one story | 2016 | $240 | $12 | $96 | $8 | $51 | $8 |
| Private school or college | 2016 | $133 | $9 | $68 | $7 | $40 | $4 |
| Privately owned hospital | 2016 | $133 | $25 | $68 | $17 | $40 | $11 |
| Professional service building | 2016 | $240 | $12 | $96 | $8 | $51 | $8 |
| Public county school | 2016 | $133 | $11 | $68 | $6 | $40 | $5 |
| Repair service shop (excluding automotive) | 2016 | $133 | $14 | $68 | $7 | $40 | $4 |
| Restaurant, cafeteria | 2016 | $133 | $14 | $68 | $7 | $40 | $4 |
| Single Family | 2016 | $144 | $16 | $119 | $16 | $89 | $16 |
| State Owned | 2016 | $97 | $11 | $23 | $6 | $15 | $5 |
| Store, one story | 2016 | $91 | $14 | $59 | $7 | $44 | $4 |
| Supermarket | 2016 | $133 | $14 | $68 | $7 | $40 | $4 |
| Timberland - site index 60 to 69 | 2016 | $133 | $27 | $68 | $15 | $40 | $9 |
| Undefined - Reserved for Use by Department of Revenue | 2016 | $91 | $16 | $59 | $16 | $44 | $16 |
| Utility | 2016 | $97 | $42 | $23 | $15 | $15 | $6 |
| Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $133 | $5 | $68 | $3 | $40 | $2 |