Niceville, FL Apartment Market & Multifamily Brokerage
Okaloosa County, FL
Niceville has 16,594 residents supporting 12 tracked multifamily properties and 590 units. Enough scale to matter, small enough that a handful of transactions can move the whole market.
One number worth sitting with: only 35.6 apartment units per 1,000 residents, below most of the markets we track. Either this is a true ownership-heavy market with limited renter demand, or there's renter demand here that isn't being served by tracked multifamily stock — worth a closer look before assuming it's the former.
Average asking rent runs around $1,277/unit, squarely in the middle of the markets we track — room to grow without the pricing pressure of the hotter submarkets.
Niceville sits on Choctawhatchee Bay next to Eglin Air Force Base and is home to the main campus of Northwest Florida State College.
Steven Rowe and Gulf Coast Multifamily represent owners of 10+ unit apartment properties in Niceville and across Okaloosa County, FL. If you're thinking about selling, refinancing, or just want to know what your property is worth, a confidential conversation costs nothing.