Is Crestview, Florida Good for Airbnb Investment?

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Crestview, Florida market research

Crestview, Florida Airbnb Investment Overview

$800–$1,500Typical monthly host earnings
8–12%Typical annual ROI
55–65%Average annual occupancy
VariesCombined taxes and local fees
Investment

Is Airbnb a Good Investment in Crestview, Florida?

Potentially—Crestview, Florida combines visitor demand with long-term real estate upside.

  • Presents a nuanced opportunity that warrants careful consideration.
  • While Crestview may not possess the same level of tourism as major Florida destinations like Orlando or Miami, its proximity to Eglin Air Force Base and various natural attractions.
  • Current market conditions in Crestview indicate a relatively stable real estate market with more affordable property values compared to coastal areas.
  • However, tourism trends are more localized and event-driven, so consistent high occupancy rates might depend on specific marketing strategies targeting these niche markets.
  • The investment potential lies in catering to this consistent, albeit specialized, demand, and benefiting from lower entry costs.
  • Investors should thoroughly research local regulations, as they can vary and impact profitability, and consider the potential for steady, rather than explosive, returns.
Earnings

How Much Does an Average Airbnb Earn in Crestview?

$800–$1,500 per month based on location, season, and property quality.

  • Based on available market data and rental analytics, Airbnb hosts in Crestview, Florida typically earn between $800-$1,500 per month for standard 2-3 bedroom properties.
  • Seasonal variations show earnings increase by approximately 25-40% during summer months (June-August) when military families and tourists visit the area.
  • The proximity to Eglin Air Force Base significantly impacts demand, with military personnel relocations and training exercises creating consistent mid-week bookings that can boost monthly revenues by $200-$400 compared to typical vacation rental markets.
  • Property condition, amenities like pools or military-friendly features, distance from the base, and competitive pricing strategies are primary factors affecting earnings.
  • Occupancy rates generally range from 60-75% annually, with successful hosts maintaining higher occupancy through strategic pricing and catering to both leisure travelers and military personnel needs.
ROI Analysis

Airbnb Return on Investment in Crestview

Potentially strong—typical annual ROI is 8–12%.

  • Typically generate ROI between 8-12% annually, with payback periods averaging 7-10 years depending on property acquisition costs and renovation expenses.
  • The market benefits from proximity to Eglin Air Force Base and Destin tourism, with average daily rates ranging $80-120 for well-positioned properties achieving 60-70% occupancy rates during peak seasons.
  • Compared to traditional long-term rentals in Crestview that yield approximately 6-8% ROI with monthly rents averaging $1,200-1,500 for similar properties.
  • Properties within 15 minutes of the base or featuring amenities like pools tend to achieve the higher end of ROI ranges, while standard residential properties in suburban neighborhoods typically perform at the lower end.
Occupancy Rate

Average Airbnb Occupancy Rate in Crestview

Crestview, Florida averages 55–65% annual occupancy, with seasonal variation.

  • Airbnb occupancy rates in Crestview, Florida typically average around 55-65% annually, with significant seasonal variations driven by the area's proximity to military installations and tourist destinations along the Gulf Coast.
  • Peak occupancy occurs during summer months (June-August) when rates can reach 75-85%, coinciding with beach tourism and military family visits.
  • Spring break season (March-April) also shows elevated occupancy of approximately 70-75%.
  • Crestview's occupancy rates generally align with or slightly exceed Florida's statewide Airbnb average of 60-65%, benefiting from steady demand from Eglin Air Force Base personnel and families.
  • The city's occupancy patterns are more stable year-round than typical beach destinations due to consistent military-related demand.
Best Neighborhoods

Best Neighborhoods for Airbnb in Crestview

The strongest opportunities balance visitor demand, nightly rates, and acquisition cost.

  • The best Airbnb investment neighborhoods in Crestview, Florida include Downtown Crestview which offers proximity to local restaurants, shops.
  • The Antioch Road corridor provides excellent access to Eglin Air Force Base making it ideal for military family visits and contractor stays with consistent year-round demand and higher pricing power.
  • Neighborhoods near Blackwater River State Park attract outdoor enthusiasts and families seeking recreational activities like kayaking, fishing, and hiking.
  • The areas around Highway 85 South offer convenient access to both Crestview's amenities and quick routes to Destin beaches.
  • Residential areas near Bob Sikes Airport cater to aviation-related business travelers and provide a peaceful setting with good rental potential.
  • The Milligan area combines affordability for property acquisition with growing development, offering future appreciation potential while currently attracting budget-conscious travelers.
  • Finally, neighborhoods along the Yellow River provide waterfront or water-adjacent properties that command higher nightly rates from guests seeking scenic natural settings and water activities while remaining close to Crestview's dining and shopping options.
Regulations

Short-term Rental Regulations in Crestview

Yes, but only where zoning permits short-term rentals and every required license is current.

  • Short-term rental regulations in Crestview, Florida require property owners to obtain a business tax receipt and comply with state regulations.
  • Properties must adhere to standard occupancy limits of two persons per bedroom plus two additional guests, with a maximum of 10-12 occupants depending on property size.
  • Owner-occupancy is not required for short-term rentals in Crestview, allowing for investment properties to operate as vacation rentals.
  • Zoning restrictions generally permit short-term rentals in residential areas, though some deed-restricted communities may have additional limitations.
  • The registration process involves obtaining a local business tax receipt from the city clerk's office, registering with the Florida Department of Revenue for tourist development tax collection.
  • Recent regulatory changes as of 2022-2023 have focused on enhanced tax collection enforcement and coordination with platforms like Airbnb and VRBO.
Fees and Taxes

Short-term Rental Fees and Taxes in Crestview

Tax rates vary by jurisdiction; licensing, inspection, and insurance costs are additional.

  • Short-term rentals in Crestview, Florida are subject to several fees and taxes including Florida's state sales tax of 6% and tourist development tax which varies by county but typically ranges from 2-6% in Okaloosa County where Crestview is located, with an estimated rate of 4% for the area.
  • Property owners must obtain a business tax receipt from the city which costs approximately $25-50 annually.
  • Additional requirements may include a short-term rental permit from Okaloosa County costing around $100-200 annually.
  • Property owners are also responsible for collecting and remitting the 7% Florida communications services tax if applicable, and must maintain proper insurance coverage.
  • Some properties may be subject to homeowners association fees or special assessments, and owners should budget for potential code enforcement fees if violations occur.
Common questions

Crestview, Florida Airbnb investment FAQs

How to start an Airbnb in Crestview, Florida?

To start an Airbnb in Crestview, Florida, begin by researching local regulations through the City of Crestview Planning Department and Okaloosa County offices.

Launch checklist

  • Contact the city clerk at (850) 682 to 6131 to verify current ordinances, as regulations updated around 2019 to 2021 may require registration, safety inspections, and compliance with parking requirements.
  • Obtain necessary permits including a Florida business license through SunBiz.org, local business tax receipt from Crestview City Hall, and potentially a vacation rental license if required by county ordinance.
  • Find a suitable property by researching neighborhoods like downtown Crestview or areas near Eglin Air Force Base that allow short term rentals, considering proximity to attractions like Blackwater River State Park and the Gulf Coast beaches 30 minutes south.
  • Purchase or lease property ensuring it meets safety codes, then furnish with quality basics including comfortable beds, full kitchen amenities, WiFi, and local guidebooks highlighting nearby Destin beaches and Crestview's railroad history.
  • List your property on Airbnb, VRBO, and other platforms with professional photos and competitive pricing (typically $80 to 150/night in the area as of 2023).
  • Manage the property by establishing cleaning protocols, guest communication systems, and partnerships with local cleaning services and maintenance providers.
What's the best way to identify good STR properties in Crestview, Florida?

To identify profitable short term rental properties in Crestview, Florida, focus on locations within 15 to 20 minutes of Eglin Air Force Base and Duke Field given the high military personnel turnover.

What to prioritize

  • Target 3 to 4 bedroom single family homes or condos with amenities like pools, outdoor spaces, full kitchens, and parking, as these appeal to military families on temporary assignments and vacation groups exploring the Emerald Coast region.
  • Conduct pricing analysis using AirDNA and Mashvisor to identify properties where potential STR income exceeds long term rental income by at least 40 to 60%, typically finding sweet spots in the $150,000 to $300,000 purchase range in neighborhoods like Antioch, Milligan.
  • Research competition by analyzing existing Airbnb and VRBO listings within a 5 mile radius, identifying gaps in amenities or underpriced properties.
  • Utilize tools like Rabbu, Awning, and local MLS data through Emerald Coast Association of Realtors, while connecting with property management companies like Vacasa or RedAwning who understand Okaloosa County's military driven rental patterns and can provide market specific occupancy data for areas serving the 7th Special Forces Group and 96th Test Wing personnel.
How to get an Airbnb permit in Crestview, Florida?

To obtain an Airbnb/STR permit in Crestview, Florida, you must first contact the Crestview Planning and Zoning Department at City Hall located at 198 Wilson Street N to determine if short term rentals are permitted in your specific zoning district, as the city has restrictions on STRs in certain residential areas.

Documents and approvals

  • You'll need to submit an application for a business tax receipt through the City Clerk's office, providing required documents including proof of property ownership or lease agreement, a site plan showing parking arrangements, proof of liability insurance (typically $1 million minimum).
  • The application fee is approximately $50 to 75 for the business tax receipt, plus additional zoning compliance fees of around $100 to 150.
  • You must also register with the Florida Department of Revenue for sales tax collection and remit the required tourist development tax to Okaloosa County.
  • The approval timeline typically takes 2 to 4 weeks once all documentation is submitted and any required inspections are completed.
  • Crestview requires STR properties to maintain adequate off street parking (minimum 2 spaces), comply with occupancy limits based on septic system capacity, maintain the property in accordance with city codes.
Is it legal to operate a short-term rental in Crestview, Florida?

Short term rentals (STRs) are generally legal in Crestview, Florida, as the city follows Florida state law which permits vacation rentals, though local regulations may apply.

Core operating requirements

  • Crestview, located in Okaloosa County, typically allows STRs in residential areas but may require business tax receipts and compliance with zoning ordinances.
  • The city likely restricts STRs in certain residential neighborhoods to preserve community character and may limit the number of unrelated guests or require parking accommodations.
  • Properties must generally comply with safety codes, noise ordinances, and may need to register with the city for tax collection purposes.
  • Recent years have seen Florida municipalities, including smaller cities like Crestview, implementing more structured regulations around STR operations, including potential limits on density in residential areas and requirements for local contact persons.
  • Property owners should verify current zoning compliance and obtain necessary permits, as enforcement has become more stringent since approximately 2020 to 2022 when many Florida communities began addressing STR proliferation concerns.
What are the best places to invest in Airbnb in Crestview, Florida?

The best areas for Airbnb investment in Crestview, Florida include the downtown historic district near Main Street, which attracts visitors interested in local charm and walkability to restaurants and shops, and neighborhoods within 2 to 3 miles of Eglin Air Force Base, which generate consistent demand from military families, contractors. The areas near Blackwater River State Park and Blackwater Heritage State Trail are attractive for outdoor enthusiasts and weekend tourists seeking kayaking, fishing, and hiking activities.

Areas to research

  • Properties near the Crestview Community Center and sports complexes benefit from youth sports tournaments and family travel.
  • The residential neighborhoods along Highway 85 corridor offer good accessibility while maintaining lower property costs compared to coastal areas.
Airbnb and lodging taxes in Crestview, Florida

Airbnb properties in Crestview, Florida are subject to Florida's state transient rental tax of 6% on gross rental receipts, which is collected by the Florida Department of Revenue and must be remitted monthly if collections exceed $200 or quarterly if less.

Taxes and filing responsibilities

  • Additionally, Okaloosa County imposes a 5% tourist development tax on short term rentals under 6 months, bringing the total occupancy tax to 11%.
  • Property owners must register with both the state and county tax authorities, with the state requiring a sales tax certificate and the county requiring tourist development tax registration.
  • Airbnb typically collects and remits the state 6% tax automatically for hosts, but the county's 5% tourist development tax usually requires separate registration and remittance by the property owner directly to Okaloosa County's tax collector office.
  • Monthly returns are due by the 20th of the following month for the state tax, while county tax returns follow a similar schedule.
  • Exemptions may apply for rentals to permanent residents exceeding 6 months or certain government and nonprofit organization bookings, though documentation is required to qualify for these exemptions.
Total cost to purchase, furnish and operate an Airbnb in Crestview, Florida

The total cost to start an Airbnb in Crestview, Florida is approximately $285,000 to $320,000.

Cost breakdown

  • Property purchase costs around $220,000 to $250,000 based on median home prices in the area as of 2023 to 2024.
  • Furnishing a 3 bedroom property runs $15,000 to $25,000 including furniture, appliances, linens, and decor.
  • Initial setup costs including professional photography, listing creation, and marketing materials total $2,000 to $3,000.
  • Permits and fees including business license, short term rental permit, and inspection fees cost $500 to $1,500 depending on local regulations.
  • Insurance for short term rentals runs $2,000 to $3,000 annually, with the first year paid upfront.
  • Utility deposits and setup fees for electricity, water, internet, and cable total $1,000 to $1,500.
  • First six months operating costs including utilities ($600/month), cleaning services ($150 per turnover, estimated 15 turnovers), maintenance and supplies ($300/month), platform fees (3% of estimated $3,000 monthly revenue).
  • Additional working capital of $5,000 to $10,000 is recommended for unexpected expenses and vacancy periods.
Are Airbnb properties in Crestview, Florida profitable?

Airbnb properties in Crestview, Florida typically generate annual revenues between $18,000 to $35,000 for single family homes and $12,000 to $22,000 for condos, with average daily rates ranging from $85 to $140 depending on property size and amenities.

Profitability indicators

  • Operating expenses generally consume 40 to 55% of gross revenue, including cleaning fees ($75 to $125 per turnover), property management (15 to 25% of revenue), utilities ($150 to $250 monthly), insurance ($1,200 to $2,400 annually).
  • Net profit margins typically range from 25 to 35% for well managed properties, with successful hosts achieving occupancy rates of 60 to 75% by leveraging Crestview's proximity to Eglin Air Force Base and Destin beaches.
  • Properties within 10 miles of the base or featuring pools, modern amenities, and flexible check in policies tend to outperform the market by 15 to 20%.
  • The market benefits from year round demand due to military rotations and seasonal beach tourism, though properties face increasing competition from new hosts entering the market since 2021, requiring strategic pricing and superior guest experiences to maintain profitability.
What is the expected return on investment for an Airbnb in Crestview, Florida?

Airbnb investments in Crestview, Florida typically generate annual ROI of 12 to 18% with cash on cash returns ranging from 8 to 14%, primarily driven by the area's proximity to Eglin Air Force Base and Destin's tourist attractions. Properties within 15 minutes of the base or near recreational areas like Blackwater River State Park tend to achieve higher occupancy rates of 65 to 75% annually, with average daily rates between $85 to $120 depending on property size and amenities.

Return planning figures

  • Initial profitability usually occurs within 18 to 24 months for well positioned properties, with break even points accelerated by military personnel seeking temporary housing and weekend tourists visiting nearby beaches.
  • The market benefits from consistent demand from both short term military assignments and leisure travelers, though seasonal fluctuations occur with peak performance during summer months (June August) and military training cycles.
What company can help me find and buy a profitable Airbnb in Crestview, Florida?

STRSearch is a leading national platform that specializes in identifying profitable short term rental properties for Airbnb investors in Crestview, Florida.

Companies and resources

  • Local real estate agents serving the Crestview market include Coldwell Banker Realty agents who focus on investment properties, RE/MAX agents specializing in vacation rentals, and Keller Williams Realty professionals with STR expertise.
  • National services include Mashvisor for property analytics and market data, BiggerPockets for investor networking and deal sourcing, Awning for short term rental investment guidance, and RedAwning for vacation rental property identification.
  • Local property management companies like Vacasa and RedAwning also assist investors in finding suitable properties while offering management services.
  • Additional resources include AirDNA for market analysis, STR Helper for property evaluation, and local investment groups through the Emerald Coast Real Estate Investors Association which covers the greater Northwest Florida region including Crestview.

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Success Rate
100% profitable track record
Data Accuracy
Proprietary filters, precise forecasts
Service Scope
End-to-end STR investment support
Risk Mitigation
Only cash-flow-positive matches
Expert Network
Vetted realtors, lenders, designers included
Other Services
Success Rate
Inconsistent ROI, no guarantees
Data Accuracy
Generic metrics, inaccurate estimates
Service Scope
Partial services only
Risk Mitigation
No profitability screening
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