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Santa Rosa County, FL

RANK #539 / 1001 NAT  ·  #11 / 41 FL  ·  POP 198,472

1YR FORECAST: -1.1%

5YR OUTLOOK: +28%

#35 Most Overvalued
Santa Rosa County's housing market is projected to grow -1.1% 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.

MARKET PROFILE
LEANS TOWARD

Sun Belt Exurban Boom

Santa Rosa County is one of 43 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +0.1% matches the profile's typical -0.0%.

See all 43 Sun Belt Exurban Boom counties →

[02] Market Snapshot

Housing Ratio
27.6x

Overvalued relative to economy

Home Prices
+0.1%

Well below national median

Climate & Terrain
1.9

Moderate climate & terrain

Price/Rent
14x

Below national median (15x)

Housing looks overvalued at 27.6x — 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
198,472
+2.45% YoY
Median Household Income
$91,922
Median Home Value
$329,800
+0.06% 12mo
Median Rent
$1,544
Average Annual Pay
$53,316
+4.1% YoY
Employment
44,516
+2.2% YoY
Income-to-Home-Value
0.2787
More affordable than average
Migration Inflow
3.92%
of pop. from another state
Bachelor's Degree+
32.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$354,950
Days on Market
71
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
13.5%
Listings w/ Price Drops
24.7%
Building Permits (2025)
1,929
Single-Family Permits
1,929

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

Population Growth +2.5% 91 percentile
Income Growth +3.3% 64 percentile
Vacancy Rate 0.8% 69 percentile
Home Price Change +0.1% 27 percentile
Rent Growth +2.8% 47 percentile
Price/Rent 14x 67 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Santa Rosa County scores 46/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#539). Median household income is $91,922 and job growth is running at +2.2%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Santa Rosa County affordable?

Housing in Santa Rosa County is roughly in line with national affordability norms. The median home costs $329,800 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,544/month. Not a bargain, but not a stretch for most local earners either.

Is Santa Rosa County growing or shrinking?

Santa Rosa County is growing on multiple fronts. Population is up +2.5% year-over-year while employers added jobs at a +2.2% clip. Home values shifted +0.1% in the past year.

Are people moving to Santa Rosa County?

There's a moderate stream of newcomers. About 3.92% 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

St. Lucie County, FL 46 Brevard County, FL 42 Volusia County, FL 42 Flagler County, FL 40 Nassau County, FL 40 Alachua County, FL 53 Shasta County, CA 46 Shawnee County, KS 46