Myrtle Grove, FL | City Real Estate Market Analysis

Myrtle Grove, Escambia County, Florida

City Analysis Real Estate Market FL Escambia County

Myrtle Grove

Market Insight

Myrtle Grove, FL Investment Potential Analysis

Market analysis for Myrtle Grove, FL will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

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Avg. Home Value

🏠 Median residential property value in Myrtle Grove.

0.90%

Property Tax Rate

🏛️ Effective property tax rate for this market.

$40,373

Avg. Household Income

💵 Average annual household income in the area.

17,367

Population

👥 Total city population estimate.

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Unemployment Rate

📊 Local unemployment vs. national benchmark.

Myrtle Grove, FL Real Estate Market Property Overview

Real estate market overview for Myrtle Grove, FL, Escambia County
Population of 17,367
Average household income of $40,373
Property tax rate of 0.90%
Median resident age of 30.40

Property Details

City	Myrtle Grove	State	Florida
County	Escambia	Country	USA
Population	17,367	Median Age	30.40
Avg. Household Income	$40,373	Median Home Value	N/A
Unemployment Rate	N/A	Property Tax Rate	0.90%
Top Industries	N/A	Economic Overview	N/A
Coordinates	30.4158, -87.3027	Properties Listed	0

Model investment returns using Myrtle Grove, FL market data as defaults

Purchase Price ($)

Annual NOI ($)

Down Payment (%) 25%

Interest Rate (%) 5.0%

Loan Term (years) 30 years

Property Tax Rate (%) 0.90%

Holding Period (years) 5 years

Annual Appreciation (%) 3.0%

Down Payment Amount:$125,000

Loan Amount:$375,000

Monthly Mortgage:$2,012

Monthly Tax:$490

Total Monthly Payment:$2,502

Monthly Cash Flow:$581

Cash on Cash Return:5.6%

Cap Rate:5.0%

Debt Coverage Ratio:1.23x

IRR (5 years):8.4%

Projected Property Value:$579,637

Total Equity:$234,891

📊Monthly Payment Analysis

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💵Cash on Cash Return

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🚀Internal Rate of Return

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🏛️Property Tax Analysis

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* Calculations use Myrtle Grove, FL median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Direct Property Ownership

Concentrated exposure to one property and market
Debt service, refinancing, and rate sensitivity
Active leasing, vendor, and asset oversight
Vacancy, capex, and maintenance obligations
Illiquid exit process with timing risk
Transaction costs can compress realized returns

Projected direct ownership outcome Calculating… —

REI Capital Platform Exposure

Passive exposure without direct operator liability
Institutional underwriting and acquisition discipline
Professional asset management and reporting
Strategy designed to reduce single-asset concentration
9% annual target growth projection for comparison
Curated deal flow with a passive capital framework

Projected platform exposure at 9% target Calculating… —

Projected difference —

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

Professional underwriting before capital deployment
Reduced exposure to single-asset operational demands
Access to institutional sourcing and asset management
Passive framework built for long-term capital strategy
Clearer comparison against direct ownership costs
Time-efficient exposure for qualified investors

Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

Acquisition strategy & deal flow
Underwriting and risk framework
Platform team and execution process
Investor qualification and next steps

Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For Myrtle Grove, FL Income Property

Key questions for informed investment decisions

What's the overall investment potential of Myrtle Grove, FL, considering its demographics and economy? +

Myrtle Grove's median household income of $40,373, combined with a poverty rate of 17.9% and an employed population of 6,435, suggests a working-class market with some employment stability. The city's top industries, including Transportation & Warehousing and Public Administration, indicate a diverse economy, while the 85.2% health insurance coverage rate and 22.1-minute average commute time suggest a relatively stable quality of life for residents.

How does the ethnic diversity and foreign-born population impact the local real estate market in Myrtle Grove? +

The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community, while the relatively low foreign-born rate of 4.3% may indicate less pressure on housing from international migration. This balance, paired with a median property value of $108,700 and a homeownership rate of 52.5%, could make Myrtle Grove an attractive option for investors looking for a stable market with potential for long-term growth.

What are the key factors influencing the quality of life for residents in Myrtle Grove, and how might these impact real estate investment? +

The average commute time of 22.1 minutes, top commute methods including driving alone and working from home, and a health insurance coverage rate of 85.2% all contribute to a decent quality of life in Myrtle Grove. Considering the poverty rate of 17.9% and the GINI coefficient of 0.407, investors should be aware of the potential for tenant instability, but the overall quality of life metrics suggest a relatively stable environment that could support rental yields and property appreciation.

How do the local industries and employment rates in Myrtle Grove affect the demand for housing and real estate investment opportunities? +

The top industries in Myrtle Grove, such as Transportation & Warehousing and Professional, Scientific, & Management Services, indicate a demand for housing from employed individuals. With an employed population of 6,435 and a median household income of $40,373, there is a potential for stable rental income, especially considering the city's relatively affordable median property value of $108,700 and median property taxes of $3,352.

What's the outlook for property appreciation and rental yields in Myrtle Grove, given its current market conditions and demographic trends? +

Given Myrtle Grove's median property value of $108,700, homeownership rate of 52.5%, and average commute time of 22.1 minutes, the city presents a relatively stable market for real estate investment. The poverty rate of 17.9% and health insurance coverage rate of 85.2% suggest that, while there may be some challenges in terms of tenant quality, the overall trend is towards a working-class community with employment stability, which could support moderate property appreciation and rental yields over the long term.

What are some of the best neighborhoods to live in Myrtle Grove? +

Some of the best neighborhoods to live in Myrtle Grove, FL include Twin Oaks, and other neighborhoods that are highly rated by residents and visitors alike. According to online reviews and ratings, these neighborhoods offer a great quality of life, with good schools, low crime rates, and plenty of amenities. However, it's always a good idea to do your own research and visit the neighborhoods in person to get a feel for which one might be the best fit for you.

What are some fun things to do in Myrtle Grove? +

There are plenty of fun things to do in Myrtle Grove, FL, including visiting the Crystal Icehouse, The Grid Arcade Pensacola, and Fort Pickens. You can also take a dolphin-watching eco-boat tour, or explore the historic downtown area and its many shops and restaurants. If you're looking for outdoor activities, there are plenty of parks and nature reserves in the area, including the Florida Trail Northern Terminus and the Pensacola Lighthouse and Maritime Museum.

What is the food scene like in Myrtle Grove? +

The food scene in Myrtle Grove, FL is diverse and exciting, with a wide range of restaurants to choose from. Some popular options include Pearl & Horn, Ruby Slipper Pensacola, and Bonelli's Cafe Italia. You can also find great seafood at one of the many waterfront restaurants in the area, such as The Grand Marlin of Pensacola Beach. There are also plenty of great food trucks and casual eateries to choose from, so you're sure to find something that suits your taste and budget.

What are the pros and cons of living in Myrtle Grove? +

The pros of living in Myrtle Grove, FL include its great location, with plenty of amenities and activities to choose from. The area is also known for its good schools and low crime rates, making it a great choice for families. However, some cons of living in Myrtle Grove include the traffic and congestion in the area, particularly during peak season. Additionally, some residents have reported that the area can feel a bit desolate at times, particularly in the evenings. Overall, though, Myrtle Grove is a great choice for anyone looking for a relaxed, beachy lifestyle with plenty of things to do and see.

Is Myrtle Grove a good place to live? +

Whether or not Myrtle Grove is a good place to live depends on your individual preferences and priorities. If you're looking for a relaxed, beachy lifestyle with plenty of amenities and activities to choose from, then Myrtle Grove might be a great choice for you. However, if you're looking for a more urban or fast-paced environment, you might find Myrtle Grove to be a bit too slow. Additionally, the area can be quite crowded and congested during peak season, so it's worth considering whether or not you're comfortable with that. Overall, though, Myrtle Grove is a great choice for anyone looking for a laid-back, coastal lifestyle with plenty of things to do and see.

Things Near Myrtle Grove, FL

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About Myrtle Grove

Myrtle Grove, FL is a city that tends to attract investors due to its relatively low median property value of $108,700 and median property taxes of $3,352. The population of 17,367, with a median age of 30.4, suggests a decent demand for housing and services. However, the 17.9% poverty rate suggests some risk, and the income inequality, as indicated by a GINI coefficient of 0.407, is a concern. The city's top industries, including Transportation & Warehousing, & Utilities, and Public Administration, provide a stable source of employment for the 6,435 employed population. The average commute time of 22.1 minutes is relatively low, and the fact that 85.2% of the population has health insurance coverage is a positive indicator of the quality of life. The foreign-born rate of 4.3% and ethnic diversity, with White, White Non-Hispanic, and Black being the top ethnicities, contribute to the city's cultural landscape. While the city faces challenges, including a high violent crime rate of 550.6 per 100,000 and a property crime rate of 3,514.1 per 100,000, the median household income of $40,373 and a homeownership rate of 52.5% are encouraging signs. Overall, Myrtle Grove, FL presents a mixed bag of opportunities and challenges for investors, requiring careful consideration of the local economy, demographics, and quality of life metrics.

Population 17,367

Median Age 30.40

Avg. Household Income $40,373

Similar Properties Near Myrtle Grove, FL

Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials

CRE Admin

Myrtle Grove, FL | City Real Estate Market Analysis

Myrtle Grove, FL Investment Potential Analysis

Myrtle Grove, FL Real Estate Market Property Overview

Property Details

Direct ownership vs. passive CRE platform exposure

Built for investors evaluating passive commercial real estate exposure

Accredited Investors

Family Offices

1031 Exchange Buyers

High-Income Professionals

Where Your NOI Goes Each Month

ROI Over Time: Direct Ownership vs REI Capital

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Why sophisticated investors choose passive CRE exposure

A more efficient way to deploy capital

Investment Due Diligence For Myrtle Grove, FL Income Property

Things Near Myrtle Grove, FL

Metro Center Station

Grand Central Market

About Myrtle Grove

Similar Properties Near Myrtle Grove, FL

Access the REI Capital investment overview

Myrtle Grove, FL | City Real Estate Market Analysis

Myrtle Grove, FL Investment Potential Analysis

Myrtle Grove, FL Real Estate Market Property Overview

Property Details

Direct ownership vs. passive CRE platform exposure

Built for investors evaluating passive commercial real estate exposure

Accredited Investors

Family Offices

1031 Exchange Buyers

High-Income Professionals

Where Your NOI Goes Each Month

ROI Over Time: Direct Ownership vs REI Capital

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Why sophisticated investors choose passive CRE exposure

A more efficient way to deploy capital

Investment Due Diligence For Myrtle Grove, FL Income Property

Things Near Myrtle Grove, FL

Metro Center Station

Grand Central Market

About Myrtle Grove

Similar Properties Near Myrtle Grove, FL

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