Florida Housing Data · ZIP Scorecard

Niceville, FL (32578) housing scorecard.

Name: Niceville, FL (32578) Housing Market Scorecard
Creator: Momentum Realty
License: https://movewithmomentum.com/disclosures

Home value, rent, cap rate, 5-year growth, price versus incomes and our 0 to 100 Momentum Market Score for ZIP 32578, free, from Zillow, Realtor.com and Census data.

Sources: Zillow, Realtor.com, U.S. Census, Freddie Mac/FRED. Score by Momentum Realty (methodology).

Updated 2026-08-22

Momentum Market Score

Buyer value

Niceville, FL (32578) is leaning to the buyer on price and leverage.

The typical home runs about 4.17 times the local median income, which is roughly 16.4% cheaper than the Florida norm. Gross rent yield is around 6.15%. Values are up roughly 2.9% a year over the last five years. Owning the typical home at today's 6.65% 30-year rate takes about 25.7% of a median income in principal and interest, the affordability squeeze in one number. About 29.3% of listings have cut their price.

$440,990

Home value

1yr +0.3%

2.9%

5yr growth/yr

ZHVI CAGR

$2,259

Median rent

monthly (ZORI)

6.15%

Cap rate

gross yield

4.17x

Price to income

value vs incomes

-16.4%

Over/undervalued

vs FL norm

25.7%

Affordability

income to own/yr

Days on market

median (Realtor)

29.3%

Price cuts

share of listings

$105,858

Median income

household (Census)

33,948

Population

Census ACS

New listings

last month

Typical home value, last 13 months

What drives the score

Cheapness vs income80

Price-cut leverage71

Inventory growth54

Affordability80

Rent yield33

Each bar ranks this ZIP against every other Florida ZIP (0 = lowest, 100 = highest) on that input, then weighted into the score. Full methodology.

Okaloosa County scorecard All Florida counties

Common questions

Is Niceville, FL (32578) a buyer's or seller's market?

By the Momentum Market Score, Niceville, FL (32578) reads buyer value (66 out of 100), meaning it is leaning to the buyer on price and leverage. The score blends value versus incomes, price cuts, inventory growth, affordability and rent yield.

What is the typical home value in Niceville?

About $440,990 (Zillow Home Value Index, 2026-08-22), up roughly 2.9% a year over five years.

Where does this data come from?

Zillow Research (home value, rent), Realtor.com (days on market, listings), U.S. Census (income, population), Freddie Mac via FRED (rate). Score and derived metrics by Momentum Realty, methodology here.

Data: Zillow Research, Realtor.com, U.S. Census Bureau ACS, and Freddie Mac 30-Year Fixed Rate Mortgage Average [MORTGAGE30US] via FRED. Score by Momentum Realty.

Housing distress & ownership in ZIP 32578

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress

0.95%

2 of 211 listings · short sale 1, reo 1

Months of supply

4.1

balanced · active inventory ÷ sales pace (trailing 12 mo)

Actives with a price cut

42.2%

median cut 4.7% off original price · 70 of 166 active listings

Out-of-state owners

8.5%

mailing address outside FL

Non-homestead

36.9%

not owner-occupied (investor/2nd-home proxy)

Median just value

$341,034

15,495 parcels

Median closed sale price — $499,725 · ▲ 4.1% yr (12-mo rolling)

Distress share trend — 0.95% now (2026-08-10 → 2026-09-06)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.

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