Crestview

As of June 2026, Destin, Panama City Beach, Fort Walton Beach have 139 active Airbnb and VRBO listings. This represents a 2% decrease from the previous year.

The average Airbnb or VRBO in Crestview generates $21K per year. High-performing properties earn $44K/year, while low-performing properties earn $5K/year. Despite flat supply over two years, revenue declined sharply year-over-year amid low 28% occupancy, indicating demand erosion outpacing any competitive exits. The doubling gap between high and average performers suggests market bifurcation where differentiation drives disproportionate returns.

Average home prices in Crestview vary by property size: 1-bedroom properties cost approximately $143K, 2-bedroom homes average $167K, 3-bedroom properties are around $233K, and 4+ bedroom homes average $330K. These prices reflect median home values across the Destin, Panama City Beach, Fort Walton Beach area.

Airbnb and VRBO can be profitable in Crestview, with an average gross yield of 10% across all properties. High-performing properties achieve yields up to 21%, which is considered top for short-term rental investment. Declining supply and revenue suggest a contracting market, while the 28% occupancy rate and significant gap between high and average performers indicate selective demand favoring differentiated properties over commoditized inventory.

The average occupancy rate for Airbnbs and VRBOs in Crestview is 28%. This occupancy level, combined with an average nightly rate of $198, results in a RevPAR (revenue per available room) of $43 per day.

3-bedroom properties demonstrate the strongest performance in Crestview, with an average gross yield of 13% and annual revenue of $30K. These properties balance purchase price ($233K), operating costs, and rental demand most effectively in the Crestview market.

Short-term rental regulations vary by jurisdiction in the Crestview area. Destin: Moderate. Business tax receipt and state registration required. No owner-occupancy rules. Standard zoning compliance. Moderate enforcement with complaint-driven inspections. Panama City Beach: Moderate. Business tax receipt and tourist development tax registration required. No occupancy restrictions or caps. Enforcement focuses on tax compliance and code violations. Fort Walton Beach: Lenient. Business tax receipt required, state registration. No density limits or owner-occupancy rules. Light enforcement, primarily complaint-based. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Crestview Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 2% year-over-year, while RevPAR has decreased 16%. This indicates balanced supply-demand dynamics. The significant gap between average revenue ($21,404) and top performers ($43,645) suggests meaningful performance variance across properties, while low occupancy at 28% indicates substantial available capacity in the market.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 18% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-January) when gaining traction is harder.

The most common amenities in Crestview listings include: Air Conditioning (100%), Kitchen (97%), Tv (92%), Washing Machine (81%), Heating (73%). Amenities that boost revenue the most include Pool, Waterfront, Parking, with Pool properties earning approximately 21% more ($45K/year vs $37K/year).

Monthly estimated revenue per listing in Crestview over the last 12 months: May: $1K, June: $2K, July: $2K, August: $2K, September: $969, October: $1K, November: $1K, December: $1K, January: $833, February: $866, March: $2K, April: $1K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Crestview is $198, up 28% year-over-year. By property size: 1-bedroom properties average $111/night, 2-bedroom properties average $161/night, 3-bedroom properties average $219/night, 4+ bedroom properties average $278/night. Rates peak in August and are lowest in May.

Guests in Crestview book an average of 24 days in advance, down 13% from last year. By property size: 1-bedroom: 20 days, 2-bedroom: 22 days, 3-bedroom: 27 days, 4+ bedroom: 26 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Crestview Airbnb and VRBO market has seen the following changes: supply declined 2%, revenue per listing decreased 16%, occupancy fell 17%, average nightly rates increased 28%, and lead time decreased 13%. The sharp rate increase amid falling occupancy suggests hosts are competing on price in a softening market, while the wide gap between average ($21,404) and top-performing listings ($43,645) indicates significant performance disparity among properties.

In Crestview, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 30% higher occupancy than weekdays.