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Santa Rosa County, FL

RANK #803 / 996  ·  POP 188,994  ·  FL

PROJECTED GROWTH: -0.6%

Santa Rosa County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Santa Rosa County?

Santa Rosa County, Florida, is often recognized for Navarre Beach, a stretch of white sand along Santa Rosa Island, offering access to the Gulf of Mexico. Located in the Florida Panhandle, the county seat, Milton, sits inland, while communities like Navarre and Gulf Breeze hug the coast. The county is part of the Pensacola metropolitan area, with commutes to Pensacola across Pensacola Bay via bridges. The community offers a relaxed pace, with extensive outdoor recreation. Blackwater River State Forest, one of Florida's largest state forests, provides opportunities for canoeing, kayaking, hiking, and camping on spring-fed rivers and white sand beaches. The Naval Live Oaks Nature Preserve also offers hiking trails.

Life in Santa Rosa County appeals to families and those seeking a quieter lifestyle. The public school system consistently receives high ratings. While public transportation options are limited to paratransit and rideshare programs, park-and-ride lots support carpooling. The economy is experiencing growth, attracting new residents and businesses. Key sectors driving this growth include tourism, agriculture, and a growing industrial and logistics presence, supported by strong ties to military installations in the region.

[02] Market Snapshot

Housing Ratio
8.4x

Overvalued relative to economy

GDP Growth
+3.7%

Above national median

Home Prices
-0.8%

Prices declining

Climate & Terrain
1.9

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks overvalued at 8.4x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Santa Rosa County U.S. National

The Numbers

DEMOGRAPHICS
Population
188,994
+2.52% YoY
Median Household Income
$84,715
Median Home Value
$272,500
-0.83% 12mo
Median Rent
$1,386
Average Annual Pay
$51,217
+4.1% YoY
Employment
43,548
+0.6% YoY
Income-to-Home-Value
0.3109
More affordable than average
Migration Inflow
4.37%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$353,547
Days on Market
92
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
11.3%
Listings w/ Price Drops
28.3%
Building Permits (2024)
1,983
Single-Family Permits
1,851

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$302M
TOTAL
PROJECT AMOUNT STATUS
Soundside High School
Morette Company
$103M Under Construction
Milton Interchange Park Logistics/Distribution Facility
Cheney Brothers
$75M Under Construction
Blackwater River Solar Energy Center
Florida Power & Light Co.
$74M Operating
Yellow River Ranch Phase II
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.7% 68 percentile
Population Growth +2.5% 93 percentile
Income Growth +9.7% 75 percentile
Vacancy Rate 1.0% 59 percentile
Home Price Change -0.8% 22 percentile
Rent Growth +3.2% 53 percentile
Price/Rent 12x 71 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Santa Rosa County, FL a good place to move to?

Santa Rosa County has a Boom Town Index score of 19/100, ranking #803 among 996 U.S. counties. With job growth at +0.6% and a median household income of $84,715, it faces some economic headwinds compared to faster-growing counties.

Is Santa Rosa County affordable?

The median home value in Santa Rosa County is $272,500 with median rent at $1,386/month. The income-to-home-value ratio is 0.3109, which is more affordable than the national average.

Is Santa Rosa County growing or shrinking?

Population growth: +2.5% year-over-year. Job growth: +0.6%. Home values changed -0.8% in the past 12 months.

Are people moving to Santa Rosa County?

Yes — 4.37% of Santa Rosa County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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