Home prices
The median home in Cinco Bayou costs $235,700. Compared to the surrounding areas it is about $12,820 (5%) higher.It is roughly $18,200 (8%) higher in comparison to the rest of the country, and in comparison to the city of Pensacola it is approximately $52,900 (28%) higher.
Rents
Cinco Bayou's median monthly rent is $1,105. This is roughly $32 (2%) lower compared to nearby areas.It is approximately $43 (4%) higher compared to the rest of the country, and in comparison to the city of Pensacola it is roughly $151 (15%) higher.
Nearby places
Fort Walton Beach
Fort Walton Beach is Cinco Bayou's neighbor to the west. The housing prices there are a bit less expensive. Fort Walton Beach's median home price is $185,900, which is $49,800 (26%) lower than Cinco Bayou. Rents there are somewhat less expensive. Fort Walton Beach's median rent is $988 a month, which is $117 (11%) lower than Cinco Bayou.
Ocean City
Ocean City is approximately 1 mile north from Cinco Bayou. Housing prices there are substantially less expensive. The median home in Ocean City is valued at $174,800, which works out to $60,900 (34%) lower than Cinco Bayou. Rent there is a bit less expensive. The median monthly rent in Ocean City is $947, which comes out to $158 (16%) lower than Cinco Bayou.
Shalimar
Shalimar is about 2 miles northeast from Cinco Bayou. The housing prices there are a bit more expensive. The median home in Shalimar costs $312,200, which is $76,500 (24%) higher than Cinco Bayou. Rents there are a bit more expensive. Shalimar's median monthly rent is $1,517, which works out to $412 (27%) higher than Cinco Bayou.
Wright
Wright is approximately 2 miles northwest of Cinco Bayou. The real estate prices there are significantly less expensive. Wright's median home cost is $168,500, which is $67,200 (39%) lower than Cinco Bayou. Its rents are fairly similar. The median rent in Wright is $1,064 a month, which comes out to $41 (3%) lower than Cinco Bayou.
Lake Lorraine
Lake Lorraine is approximately 2 miles northeast from Cinco Bayou. Its housing prices are a bit more expensive. The median home in Lake Lorraine costs $273,000, which comes out to $37,300 (13%) higher than Cinco Bayou. Its rents are a bit more expensive. The median monthly rent in Lake Lorraine is $1,171, which is $66 (5%) higher than Cinco Bayou.
