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NICEVILLE HOUSING MARKET INFORMATION
With 15,249 people, 5,435 houses or apartments, and a median cost of homes of $241,590, Niceville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Niceville, accounting for 73.58% of the city’s housing units. Other types of housing that are prevalent in Niceville include mobile homes or trailers ( 11.11%), large apartment complexes or high rise apartments ( 6.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Niceville. Owner-occupied housing accounts for 69.05% of Niceville’s homes, and 75.11% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Niceville built from 1970 to 1999 so parts of town may have that “Brady Bunch” look of homes popular in the ’70s and early ’80s, although some of these houses were built up through the early ’90s as well. There is also a lot of housing in Niceville built between 2000 and later ( 20.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.84%).
NICEVILLE HOME APPRECIATION RATES
Appreciation rates for homes in Niceville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.82%, which ranks in the top 40% nationwide. This equates to an annual average Niceville house appreciation rate of 1.65%.
Appreciation rates are so strong in Niceville that despite a nationwide downturn in the housing market, Niceville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Niceville appreciation rates continue to be some of the highest in America, at 7.13%, which is higher than appreciation rates in 74.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Niceville. Niceville appreciation rates in the latest quarter were at 2.19%, which equates to an annual appreciation rate of 9.07%.
Relative to Florida, our data show that Niceville’s latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Niceville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Niceville – or in any city or town – that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Niceville real estate investment or home purchase decisions.