Shalimar, FL Apartment Market & Multifamily Brokerage
Okaloosa County, FL
Shalimar is a smaller market — 756 residents and 5 tracked properties — but smaller doesn't mean inactive. Thin markets like this one are exactly where relationships matter more than broad marketing, since so few owners are getting called on directly.
The numbers stand out: 543.7 apartment units per 1,000 residents, well above the average across our tracked cities. That's a market where renting is the norm, not the exception — multifamily is a real share of how this city houses itself.
Average asking rent runs around $1,006/unit, squarely in the middle of the markets we track — room to grow without the pricing pressure of the hotter submarkets.
Shalimar is a small town right at the main gate of Eglin Air Force Base, one of the largest Air Force bases in the world by land area.
Steven Rowe and Gulf Coast Multifamily represent owners of 10+ unit apartment properties in Shalimar 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.