Niceville Florida. 2016 Numbers: Rare Under Supply. Signs of a very good market.
Values are increasing 4% to 4.75% per annum. Month’s inventory is 2.3. Median sale price is $300,000.
Niceville is located in Okaloosa County south of Interstate 10 and east of Eglin AFB and north of the Choctawhatchee Bay. The city of Niceville is found in northwest Florida, in the western Florida panhandle, between Pensacola and Panama City. Close proximity to Eglin AFB, Hulburt Air Field, and Interstate 10 is a strong preference for the typical buyer in the subject area. In addition, the quality of the schools is reported to be good.
Niceville is the most centrally located city in Okaloosa County. Located on the north shore of Choctawhatchee Bay, major roadways connect Niceville with nearby Destin, Crestview, Freeport, Valparaiso, Shalimar, Fort Walton Beach, Eglin Air Force Base and Duke Field. Northwest Florida Regional Airport is only minutes away from Niceville.
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