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City · 16,544 residents · Okaloosa County, Florida

Niceville , Florida

In Niceville, a typical home is worth $423,500 and typical rent is $1,749 a month. Compared with all of Okaloosa County, typical household income is 25% higher, the typical home value is 21% higher, and the share of households that own their home is 5 points higher.

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  • Typical home value

    $423,500

    21% above the county

    18% above Florida

    • Niceville
    • Okaloosa
    • Florida

  • Typical rent

    $1,749a month

    8% above the county

    5% above Florida

    • Niceville
    • Okaloosa
    • Florida

  • Typical household income

    $102,409a year

    25% above the county

    37% above Florida

    • Niceville
    • Okaloosa
    • Florida

  • Households that own their home

    74%

    5 points above the county

    6 points above Florida

    • Niceville
    • Okaloosa
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$435,260
1% more than 12 months ago
Typical rent
$2,150 a month
2.4% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Niceville is in Okaloosa County. The FHA loan limit ($603,750 for a one-unit home), the fair market rents and the help on this page are those of all of Okaloosa County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Niceville apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Ocean City, the typical home value is $303,900: 28% less than in Niceville ($423,500).

  2. Nearby, in Fort Walton Beach, the typical rent is $1,307: 25% less than in Niceville ($1,749).

  3. The typical household income in Niceville is $102,409, 25% more than in Okaloosa County as a whole ($81,998).

  4. The typical home in Niceville is worth $423,500, 21% more than in Okaloosa County as a whole ($351,200).

  5. 74% of households in Niceville own their home, against 68% in Okaloosa County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Niceville

What homes there are in Niceville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Niceville: 83% of homes, more than in Okaloosa County (64%).

Year built

By age, homes in Niceville look like those in Okaloosa County: the typical year built is 1989.

Homes in Niceville are bigger: 82% have 3 bedrooms or more; in Okaloosa County, 70%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,407 a month

Okaloosa County: $1,937 a month

Without a mortgage

$740 a month

Okaloosa County: $608 a month

Owners with a mortgage

62%

Okaloosa County: 61%

The typical cost for an owner with a mortgage in Niceville is $2,407 a month, more than in Okaloosa County ($1,937); without one, $740.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Niceville rose 77% since 2015–2019, more than in Okaloosa County (60%).

Rents in Niceville rose faster than in Okaloosa County: 57% since 2015–2019, against 43%.

Here income did not keep up with housing: it rose 33%, while home values changed +77% and rent +57%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNicevilleOkaloosa CountyFloridaUnited States
Rental vacancy Unreliable estimate14.3%7.6%5.5%
Homeowner vacancy Unreliable estimate1.4%1.4%0.9%
More than one person per room Unreliable estimate2.3%3.3%3.4%
People per household 2.682.482.512.53
Drive alone 78%77%70%69%
Carpool 9%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 10%10%16%15%
Other means Unreliable estimate1%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.68 on average, against 2.48 in Okaloosa County.

To get to work, 78% of workers in Niceville drive alone; in Okaloosa County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Niceville?

A typical home costs more than the typical income allows

We start with a typical home in Niceville, worth $423,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Niceville, which is $102,409 a year. For that payment to be 28% of income, a household would need to earn about $147,208 a year.

The calculator's FHA and conventional loan limits are those of all of Okaloosa County.

Your numbers

Local data
$

Starts at the typical home value in Niceville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,823 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,435

at 7.18% · 30 years

Loan amount
$415,829
Total interest
$598,280
Paid off in
November 2056

Includes $7,152 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,390 a month

  • Tight

    $2,390 to $3,072 a month

  • Hard

    more than $3,072 a month

    Your payment · 40%

Compared with the typical household income in Niceville ($102,409 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,435
Principal & interest$2,817
Property tax$254
Home insurance$177
FHA mortgage insurance (MIP)$187

You need at least $14,823 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Niceville and Okaloosa County

Niceville is in Okaloosa County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Niceville's own numbers

Typical home value
$423,500
Typical monthly rent
$1,749
Typical yearly household income
$102,409
Households that own their home
74%
Effective property tax rate
0.72%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Okaloosa County

FHA limit, one-unit home
$603,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,908
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
6.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Okaloosa County.

Everything about Okaloosa County

Buying

Buying a home in Niceville

A typical home in Niceville is worth $423,500: 21% above the county and 18% above Florida. With the typical household income in Niceville ($102,409 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Niceville 4.1 years
  • Okaloosa 4.3 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Okaloosa County

According to FHFA’s house price index, home prices in Okaloosa County rose 104% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Okaloosa County.

Period County Florida U.S.
Last year (2025) +0.3% −0.5% +2.9%
5 years (2020–2025) +47% +60% +47%
10 years (2015–2025) +104% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Niceville next to Okaloosa County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Niceville $423,500
  • Okaloosa $351,200
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Niceville $1,749
  • Okaloosa $1,612
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Niceville $102,409
  • Okaloosa $81,998
  • Florida $74,568
  • United States $80,734
See the full table
Niceville next to Okaloosa County and Florida
Measure Niceville Okaloosa County Florida U.S.
Typical home value $423,500 $351,200 $359,000 $332,700
Typical monthly rent $1,749 $1,612 $1,669 $1,413
Typical yearly household income $102,409 $81,998 $74,568 $80,734
Households that own their home 74% 68% 68% 65%
Typical yearly property tax $3,047 $2,011 $2,730 $3,119
Effective property tax rate 0.72% 0.57% 0.76% 0.94%
Renters with high rent for their income 55% 55% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Okaloosa County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Niceville

For a typical $423,500 home in Niceville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Niceville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,435a month

    Least cash to close
    Down payment
    $14,823
    Cash to close
    $27,528
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $187

  • Conventional, 5% down $3,357a month

    Down payment
    $21,175
    Cash to close
    $33,880
    Rate
    7.18%
    Mortgage insurance
    PMI · $201

  • Conventional, 20% down, no PMI $2,726a month

    Down payment
    $84,700
    Cash to close
    $97,405
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,117a month

    Down payment
    $63,525
    Cash to close
    $76,230
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Niceville and for Okaloosa County.

Property tax

Effective rate in Niceville

0.72%of the home’s value each year

$3,047 a year for the typical owner in Niceville.

  • Niceville 0.72%
  • Okaloosa 0.57%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Okaloosa County

FEMA does not publish these numbers by city: they are for all of Okaloosa County.

Homes in the high-risk zone
6.4%
5,078
Of those, with NFIP insurance
74%
County Florida U.S.
Homes in the high-risk zone 6.4% 13% 3.5%
Of those, with NFIP insurance 74% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Niceville

Typical rent in Niceville is $1,749 a month: 8% above the county. In Niceville, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Okaloosa County, by unit size. To pay the 2-bedroom one ($1,908 a month) without spending more than 30% of your income, you would need to earn $36.69 an hour working full time.

HUD fair market rent for all of Okaloosa County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,421 $27.33 $56,840
1 bedroom $1,706 $32.81 $68,240
2 bedrooms $1,908 $36.69 $76,320
3 bedrooms $2,616 $50.31 $104,640
4 bedrooms $3,189 $61.33 $127,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Niceville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Niceville is in ZIP code 32578.

For 2 bedrooms it is $2,260: $352 more than the fair market rent for Okaloosa County ($1,908).

  • 32578 $2,260$3,100

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Niceville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Niceville

HUD lists one building with rents for lower incomes in Niceville.

  • Partin Heights 200A Camellia Pl, Niceville 32578 111 low-income homes · Run by Niceville Housing Authority · Average payment: $602 a month · Average wait: 19 months · Homes at several sites (850) 678-7816

See all 9 buildings in Okaloosa County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Niceville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Okaloosa County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Niceville

No down payment, repair or rent-help program on our list is for Niceville or Okaloosa County. The ones below are statewide in Florida: they work in Niceville the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Niceville

The HUD-approved agencies closest to the center of Niceville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Enterprise Investments, Incorporated

    302 North Barcelona St, Pensacola · 45 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 10 more
    850-595-6234-206

  • Pensacola Habitat for Humanity

    300 W Leonard St, Pensacola · 45 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (850) 434-5456

  • University of Florida/Florida Cooperative Extension - Holmes County Cooperative Extension Service

    1169 E Highway 90, Bonifay · 51 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 7 more
    (850) 547-1108

All counseling agencies in Florida

Help in Spanish near Niceville

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Niceville

HUD’s record names them for Niceville or Okaloosa County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

2 other authorities have an office in Okaloosa County: see the list Source: HUD

Cities

Other cities in Okaloosa County

These cities are also in Okaloosa County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Okaloosa County Housing in Florida

Nearby cities

The cities closest to Niceville, with the typical home value.

Neighboring counties

If Okaloosa County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Niceville.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Niceville

Short answers with the numbers for Niceville and all of Okaloosa County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Niceville?

The typical home value in Niceville is $423,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Okaloosa County it is $351,200.

How much does it cost to rent in Niceville?

Typical rent in Niceville is $1,749 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Okaloosa County is $1,908.

What is the FHA loan limit in Niceville?

Niceville uses the FHA limit for all of Okaloosa County (2026): $603,750 for a one-unit home and $1,161,050 for a four-unit home.

How much property tax do owners pay in Niceville?

The typical homeowner in Niceville pays $3,047 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in Okaloosa County, the rate is 0.57%.

Where can I find free help to buy or rent in Niceville?

We found no HUD-approved counseling agencies with an office in Okaloosa County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).