What is the rental vacancy rate in Destin, FL?

The rental vacancy rate in Destin, FL is 49.1% (±6.3 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 4.5% (±3.2 points).

7,447 (±334) homes, 54.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Destin, the rental vacancy rate went from 23.0% in 2015–2019 to 49.1% in 2020–2024 (+26.1 percentage points), a measurable increase.

Figures last updated on .

Rental vacancy rate
49.1% (±6.3 points)
Homeowner vacancy rate
4.5% (±3.2 points)
Vacant homes
7,447 (±334)

Vacancy in Destin against Okaloosa County, its state and the nation

Estimate (90% margin of error)
DestinOkaloosa CountyFloridaUnited States
Rental vacancy rate49.1% (±6.3 points)14.3% (±1.6 points)7.6% (±0.2 points)5.5%
Homeowner vacancy rate4.5% (±3.2 points)1.4% (±0.6 points)1.4% (±0.1 points)0.9%
Vacant housing units7,447 (±334)18,453 (±935)1,503,660 (±20,826)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Destin, the rental vacancy rate is higher than in Okaloosa County (14.3%).

It is also higher than in Florida (7.6%).

It is higher than the national figure (5.5%).

Rental vacancy rate in places near Destin

Nearest places with a published estimate, compared with Destin
PlaceDistanceRental vacancy rateCompared with this place
Destin—49.1% (±6.3 points)—
Eglin AFB6.1 mi3.5% (±3.2 points)Lower
Lake Lorraine6.1 mi7.8% (±8.7 points)Lower
Valparaiso6.4 mi0.0% (±7.4 points)Lower
Shalimar7.2 mi0.0% (±33.4 points)Lower
Miramar Beach7.7 mi76.7% (±8.7 points)Higher
Cinco Bayou8.3 mi0.0% (±37.7 points)Lower
Ocean City8.5 mi8.9% (±7.4 points)Lower
Niceville8.6 mi10.0% (±7.1 points)Lower

Nearby places with a measurably lower figure: Eglin AFB, FL (3.5%), Lake Lorraine, FL (7.8%), Valparaiso, FL (0.0%).

Nearby places with a measurably higher figure: Miramar Beach, FL (76.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Okaloosa County, place by place

RankPlaceRental vacancy rate
1Destin49.1% (±6.3 points)
2Laurel Hill38.2% (±38.2 points)
3Mary Esther10.7% (±11.9 points)
4Niceville10.0% (±7.1 points)
5Ocean City8.9% (±7.4 points)
6Hurlburt Field8.7% (±7.9 points)
7Fort Walton Beach7.9% (±4.0 points)

Showing 7 of 14 places in Okaloosa County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Destin

Is it hard to find a rental in Destin?

The rental vacancy rate in Destin, FL is 49.1% (±6.3 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Destin tighter than it was?

In Destin, the rental vacancy rate went from 23.0% in 2015–2019 to 49.1% in 2020–2024 (+26.1 percentage points), a measurable increase.

How many homes are vacant in Destin?

An estimated 7,447 (±334) housing units, 54.5% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Destin city, Florida (place:17325, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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