Home Values

Niceville Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$233,800

  • 1.2% 1-year change
  • 0.1% 1-year forecast

The median home value in Niceville is $233,800. Niceville home values have gone up 1.2% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in Niceville is $141, which is higher than the Destin Metro average of $134. The median price of homes currently listed in Niceville is $260,000 while the median price of homes that sold is $220,800. The median rent price in Niceville is $1,095, which is higher than the Destin Metro median of $1,050.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Niceville is 4.9%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Niceville homeowners underwater on their mortgage is 16.7%, which is lower than Destin Metro at 24.2%.

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Relative ZHVI
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Niceville Market Overview

Data through Jan 31, 2015
  • $233,800 ZHVI
  • 0.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $260,000 Median listing price
  • $220,800 Median sale price
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Niceville Market Health

Data through Jan 31, 2015
  • 3.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 16.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Miramar Beach $331,300
Destin $300,500
Shalimar $205,700
Name Median ZHVI
Mary Esther $151,900
Wright $143,800
Valparaiso $142,100
Name Median ZHVI
Ocean City $142,000
Fort Walton Beach $137,400
Crestview $136,500

Listings & Sales

Data through Jan 31, 2015
  • $141 Median list price / sq ft
  • $134 Median sale price / sq ft
  • No data Listings with price cut
17.8%
Sold below listing
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Niceville Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,470 Niceville
    $1,255 Destin Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,095 Rent list price
  • $0.88 Rent list price / sq ft
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