100 Calhoun Ave, Destin FL Multifamily Investment

Livability is driven by outdoor and leisure access: parks density ranks 2 out of 86 metro neighborhoods (top quartile nationally at the 93rd percentile), and restaurants are competitive among Crestview–Fort Walton Beach–Destin neighborhoods (rank 14 of 86). Daily-needs retail is thinner nearby (limited cafes, groceries, and pharmacies relative to the metro), so residents typically rely on short drives to adjacent corridors.

Rents in the neighborhood benchmark above the metro median (rank 30 of 86; 69th percentile nationally), and rent levels appear manageable relative to local incomes, supporting lease retention. Neighborhood occupancy is lower than many peer areas (rank 64 of 86), so active leasing and renewals matter; note that this occupancy figure reflects the neighborhood, not the property.

Within a 3-mile radius, demographics point to a growing renter pool: population increased in the last five years and households expanded at a faster pace, indicating smaller average household size and more demand for individual units. Forecasts show further household growth even as total population is expected to be roughly flat, which can sustain multifamily absorption and support occupancy stability.

Home values in the neighborhood are elevated relative to incomes (value-to-income ranks 19 of 86; 80th percentile nationally). In investor terms, a higher-cost ownership market tends to reinforce reliance on multifamily housing and can support pricing power for well-positioned assets. The neighborhood’s average construction year is 1991; this property’s 2002 vintage is newer than local stock, which can be competitively favorable versus 1980s–1990s assets, though investors should still plan for system modernization and selective renovations typical of early-2000s buildings. Childcare coverage is a relative strength (rank 11 of 86; top quartile metro and 80th percentile nationally), which can aid retention for family households.