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Santa Rosa County, FL

Holley-Navarre

RANK #630 / 996 NAT  ·  #5 / 41 FL  ·  POP 188,994

1YR FORECAST: +0.2%

5YR OUTLOOK: +20%

Santa Rosa County's housing market is projected to grow +0.2% over the next year, below the national average.

[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] Top Employers

  1. 1
    Santa Rosa County School District Education
    1,000+
  2. 2
    U.S. Government (including NAS Whiting Field) Military
  3. 3
    Baptist Healthcare Systems Healthcare
    500+
  4. 4
    Walmart Stores Retail
  5. 5
    Santa Rosa Medical Center Healthcare
  6. 6
    Publix Retail
  7. 7
    Gulf Cable Manufacturing
    250+
  8. 8
    Santa Rosa County Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
29.9%
of residents (national avg: 33%)

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] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.6
per 100K · nat avg 6.3
Firearm Fatalities
16.4
per 100K · nat avg 14.8
Injury Deaths
87.0
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
45.0
Good
Good Air Days
64%
700 of 1,094 days
Unhealthy+ Days (3yr)
2
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
44
2022
44
2023
47
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

At 36/100, Santa Rosa County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $84,715 combined with job growth of +0.6% suggests the local economy is struggling to keep pace with national trends.

Is Santa Rosa County affordable?

Housing in Santa Rosa County is roughly in line with national affordability norms. The median home costs $272,500 and the income-to-home-value ratio sits at 0.31, with rents averaging $1,386/month. Not a bargain, but not a stretch for most local earners either.

Is Santa Rosa County growing or shrinking?

Santa Rosa County's population is growing — up +2.5% YoY — while the job market is roughly flat (employment change of +0.6%). Home values shifted -0.8% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Santa Rosa County?

There's a moderate stream of newcomers. About 4.37% of residents moved from another state, which is above average and suggests Santa Rosa County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Volusia County, FL 37 St. Lucie County, FL 35 Seminole County, FL 33 Brevard County, FL 31 Flagler County, FL 31 Orange County, FL 30 Yellowstone County, MT 36 Merrimack County, NH 36