Bonifay, FL

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Bonifay short-term rental market based on reliable data.

Listings

16 / 33

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$16,038

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$148,993

Median Home Sale Price

Top Earners

$35,234

Top-Earners Revenue

Bonifay

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bonifay.

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B

Generally Investor friendly

Bonifay Regulations

STRs are effectively allowed citywide with no identified local bans or caps, and Florida’s statewide registration, tax, and safety rules are known, moderately burdensome processes. The lack of city‑specific Bonifay STR ordinances means uncertainty persists, but compliance is manageable under state and county requirements.

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About Bonifay

Bonifay is a small city in Holmes County, in the Florida Panhandle region of northwest Florida. It serves as the county seat of Holmes County and has a population of approximately 2,700 residents. The town has a quiet, rural character typical of the inland Panhandle, and it sits along Interstate 10, making it a convenient stopover or base for travelers exploring northwest Florida. Bonifay lies roughly equidistant between Tallahassee, about 90 miles to the southeast, and Pensacola, about 100 miles to the southwest, and it serves as a gateway to the natural springs, caverns, and forests of the Chipola region, as well as the white-sand beaches of the Gulf Coast.

Just a short drive southeast of Bonifay, in the town of Ponce de Leon, Ponce de Leon Springs State Park offers a crystal-clear spring where visitors can swim, snorkel, and picnic in a shaded, oak-covered setting. The park is approximately 10 minutes from Bonifay and is one of the most popular natural destinations in the area, with water temperatures that remain cool year-round.

About 20 minutes east of Bonifay in Chipley, Falling Waters State Park features a dramatic 73-foot waterfall cascading into a sinkhole, one of the most unusual geological features in the state. The park also offers hiking trails, sinkhole lakes, and camping, providing a distinctive experience that draws visitors from across the region.

For a fuller day trip, Florida Caverns State Park in Marianna is roughly 40 minutes east of Bonifay and is the only state park in Florida where visitors can take guided tours through a dry cave system. The park's limestone caverns, formed over millions of years, reveal an underground landscape of stalactites and stalagmites, and the surrounding grounds also offer hiking, horseback riding, and camping.

The Gulf Coast beaches of South Walton and Panama City are also within roughly an hour's drive south of Bonifay, making the town a reasonable inland base for travelers who want to combine beach days with inland exploration of springs, forests, and historic small towns.

Bonifay's appeal as a short-term rental base lies in its central Panhandle location, its proximity to a remarkable cluster of state parks and natural attractions within a short drive, and its quiet, small-town atmosphere. Visitors who stay here can spend their mornings swimming in cool spring waters, their afternoons exploring limestone caves or hiking through forests, and still make it to the Gulf beaches by evening, all while enjoying the affordability and slower pace of an authentic Florida Panhandle community.

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