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City · 10,733 residents · Santa Rosa County, Florida

Milton , Florida

In Milton, a typical home is worth $233,100 and typical rent is $1,455 a month. Compared with all of Santa Rosa County, the typical home value is 29% lower, typical household income is 17% lower, and the share of households that own their home is 28 points lower.

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  • Typical home value

    $233,100

    29% below the county

    35% below Florida

    • Milton
    • Santa Rosa
    • Florida

  • Typical rent

    $1,455a month

    6% below the county

    13% below Florida

    • Milton
    • Santa Rosa
    • Florida

  • Typical household income

    $76,301a year

    17% below the county

    2% above Florida

    • Milton
    • Santa Rosa
    • Florida

  • Households that own their home

    53%

    28 points below the county

    15 points below Florida

    • Milton
    • Santa Rosa
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$286,472
1.8% more than 12 months ago
Typical rent
$1,800 a month
3.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Milton is in Santa Rosa County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Santa Rosa County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Milton apart

What this place has that others do not, from public data, most unusual first.

  1. Milton has the smallest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people: 23%.

  2. 53% of households in Milton own their home, against 81% in Santa Rosa County.

  3. The typical home in Milton is worth $233,100, 29% less than in Santa Rosa County as a whole ($329,800).

  4. Nearby, in East Milton, the typical rent is $1,157: 20% less than in Milton ($1,455).

  5. The typical household income in Milton is $76,301, 17% less than in Santa Rosa County as a whole ($91,922).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Milton

What homes there are in Milton, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

As in Santa Rosa County, most homes in Milton are detached houses (79%).

Year built

The typical home in Milton was built in 1987, 11 years before the typical one in Santa Rosa County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,554 a month

Santa Rosa County: $1,855 a month

Without a mortgage

$509 a month

Santa Rosa County: $555 a month

Owners with a mortgage

59%

Santa Rosa County: 63%

In Milton, 59% of owners have a mortgage, and their typical cost is $1,554 a month, against $1,855 in Santa Rosa County. Without one it drops to $509.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Milton gained value faster than in Santa Rosa County: 81% against 66%.

The typical rent in Milton stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMiltonSanta Rosa CountyFloridaUnited States
Rental vacancy Unreliable estimate3.9%7.6%5.5%
Homeowner vacancy Unreliable estimate1.1%1.4%0.9%
More than one person per room Unreliable estimate2.0%3.3%3.4%
People per household 2.202.672.512.53
Drive alone 78%76%70%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home Unreliable estimate13%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Milton are smaller: 2.20 people on average; in Santa Rosa County, 2.67.

In Milton, 78% of workers drive alone to work; in Santa Rosa County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Milton?

A typical home is tight for the typical income

We start with a typical home in Milton, worth $233,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Milton, which is $76,301 a year. For that payment to be 28% of income, a household would need to earn about $80,192 a year.

The calculator's FHA and conventional loan limits are those of all of Santa Rosa County.

Your numbers

Local data
$

Starts at the typical home value in Milton. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,159 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,871

at 7.18% · 30 years

Loan amount
$228,877
Total interest
$329,301
Paid off in
November 2056

Includes $3,936 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,780 a month

  • Tight

    $1,780 to $2,289 a month

    Your payment · 29%

  • Hard

    more than $2,289 a month

Compared with the typical household income in Milton ($76,301 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,871
Principal & interest$1,550
Property tax$120
Home insurance$97
FHA mortgage insurance (MIP)$103

You need at least $8,159 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Milton and Santa Rosa County

Milton is in Santa Rosa County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Milton's own numbers

Typical home value
$233,100
Typical monthly rent
$1,455
Typical yearly household income
$76,301
Households that own their home
53%
Effective property tax rate
0.62%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Santa Rosa County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,548
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Santa Rosa County.

Everything about Santa Rosa County

Buying

Buying a home in Milton

A typical home in Milton is worth $233,100: 29% below the county and 35% below Florida. With the typical household income in Milton ($76,301 a year), a typical home costs 3.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Milton 3.1 years
  • Santa Rosa 3.6 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Santa Rosa County

According to FHFA’s house price index, home prices in Santa Rosa County rose 113% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Santa Rosa County.

Period County Florida U.S.
Last year (2025) +0.7% −0.5% +2.9%
5 years (2020–2025) +53% +60% +47%
10 years (2015–2025) +113% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Milton next to Santa Rosa County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Milton $233,100
  • Santa Rosa $329,800
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Milton $1,455
  • Santa Rosa $1,544
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Milton $76,301
  • Santa Rosa $91,922
  • Florida $74,568
  • United States $80,734
See the full table
Milton next to Santa Rosa County and Florida
Measure Milton Santa Rosa County Florida U.S.
Typical home value $233,100 $329,800 $359,000 $332,700
Typical monthly rent $1,455 $1,544 $1,669 $1,413
Typical yearly household income $76,301 $91,922 $74,568 $80,734
Households that own their home 53% 81% 68% 65%
Typical yearly property tax $1,454 $1,891 $2,730 $3,119
Effective property tax rate 0.62% 0.57% 0.76% 0.94%
Renters with high rent for their income 23% 40% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Santa Rosa County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Milton

For a typical $233,100 home in Milton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Milton's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,871a month

    Least cash to close
    Down payment
    $8,159
    Cash to close
    $15,152
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $103

  • Conventional, 5% down $1,828a month

    Down payment
    $11,655
    Cash to close
    $18,648
    Rate
    7.18%
    Mortgage insurance
    PMI · $111

  • Conventional, 20% down, no PMI $1,481a month

    Down payment
    $46,620
    Cash to close
    $53,613
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,696a month

    Down payment
    $34,965
    Cash to close
    $41,958
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Milton and for Santa Rosa County.

Property tax

Effective rate in Milton

0.62%of the home’s value each year

$1,454 a year for the typical owner in Milton.

  • Milton 0.62%
  • Santa Rosa 0.57%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Santa Rosa County

FEMA does not publish these numbers by city: they are for all of Santa Rosa County.

Homes in the high-risk zone
8%
5,594
Of those, with NFIP insurance
67%
County Florida U.S.
Homes in the high-risk zone 8% 13% 3.5%
Of those, with NFIP insurance 67% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Milton

Typical rent in Milton is $1,455 a month: 6% below the county. In Milton, 23% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Santa Rosa County, by unit size. To pay the 2-bedroom one ($1,548 a month) without spending more than 30% of your income, you would need to earn $29.77 an hour working full time.

HUD fair market rent for all of Santa Rosa County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,154 $22.19 $46,160
1 bedroom $1,359 $26.13 $54,360
2 bedrooms $1,548 $29.77 $61,920
3 bedrooms $2,034 $39.12 $81,360
4 bedrooms $2,435 $46.83 $97,400

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Milton

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Milton is in ZIP code 32570.

For 2 bedrooms it is $1,560: $12 more than the fair market rent for Santa Rosa County ($1,548).

  • 32570 $1,560$2,050

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Milton when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Milton

HUD lists 3 buildings with rents for lower incomes in Milton. These are the largest.

  • Astor Village 5194 Astor Village St, Milton 32570 50 low-income homes · For older adults (850) 623-8216
  • Parkwood Manor 5676 Byrom St, Milton 32570 39 homes, 38 low-income · Run by Milton Housing Authority · Average payment: $392 a month · Average wait: 62 months (850) 623-8216
  • Carter Crossing East of Glover Lane and Berryhill Road, Milton 32570 93 homes · 1 bd: 60 · 2 bd: 30 · In service since 2019 · For older adults, families

See all 6 buildings in Santa Rosa County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Milton

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Santa Rosa County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Milton

No down payment, repair or rent-help program on our list is for Milton or Santa Rosa County. The ones below are statewide in Florida: they work in Milton the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Milton

The HUD-approved agencies closest to the center of Milton, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Pensacola Habitat for Humanity

    300 W Leonard St, Pensacola · 17 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (850) 434-5456

  • Community Enterprise Investments, Incorporated

    302 North Barcelona St, Pensacola · 18 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 10 more
    850-595-6234-206

  • University of Florida/Florida Cooperative Extension - Holmes County Cooperative Extension Service

    1169 E Highway 90, Bonifay · 83 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 7 more
    (850) 547-1108

All counseling agencies in Florida

Help in Spanish near Milton

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Milton

HUD’s record names them for Milton or Santa Rosa County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Milton Housing Authority Public housing and Section 8 vouchers (850) 623-8216

All housing agencies in Florida Source: HUD

Cities

Other cities in Santa Rosa County

These cities are also in Santa Rosa County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Santa Rosa County Housing in Florida

Nearby cities

The cities closest to Milton, with the typical home value.

Neighboring counties

If Santa Rosa County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Milton.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Milton

Short answers with the numbers for Milton and all of Santa Rosa County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Milton?

The typical home value in Milton is $233,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Santa Rosa County it is $329,800.

How much does it cost to rent in Milton?

Typical rent in Milton is $1,455 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Santa Rosa County is $1,548.

What is the FHA loan limit in Milton?

Milton uses the FHA limit for all of Santa Rosa County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Milton?

The typical homeowner in Milton pays $1,454 a year, according to the U.S. Census Bureau. That is 0.62% of the home’s value; in Santa Rosa County, the rate is 0.57%.

Where can I find free help to buy or rent in Milton?

We found no HUD-approved counseling agencies with an office in Santa Rosa County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).