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City · 8,902 residents · Walton County, Florida

Miramar Beach , Florida

In Miramar Beach, a typical home is worth $733,000 and typical rent is $2,250 a month. Compared with all of Walton County, the typical home value is 72% higher and typical rent is 29% higher.

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  • Typical home value

    $733,000

    72% above the county

    104% above Florida

    • Miramar Beach
    • Walton
    • Florida

  • Typical rent

    $2,250a month

    29% above the county

    35% above Florida

    • Miramar Beach
    • Walton
    • Florida

  • Typical household income

    $103,250a year

    26% above the county

    38% above Florida

    • Miramar Beach
    • Walton
    • Florida

  • Households that own their home

    82%

    3 points above the county

    14 points above Florida

    • Miramar Beach
    • Walton
    • Florida

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

Market now, with Zillow data

Zillow data
Typical home value
$657,448
about the same as 12 months ago
Typical rent
$3,178 a month

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

Miramar Beach is in Walton County. The FHA loan limit ($603,750 for a one-unit home), the fair market rents and the help on this page are those of all of Walton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Miramar Beach apart

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

  1. The typical home in Miramar Beach is worth $733,000, 72% more than in Walton County as a whole ($425,100).

  2. Miramar Beach has the 8th largest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people (81%).

  3. Nearby, in Ocean City, the typical home value is $303,900: 59% less than in Miramar Beach ($733,000).

  4. Nearby, in Ocean City, the typical rent is $1,443: 36% less than in Miramar Beach ($2,250).

  5. The typical rent in Miramar Beach is $2,250 a month, 29% more than in Walton County as a whole ($1,741).

  6. The typical household income in Miramar Beach is $103,250, 26% more than in Walton County as a whole ($81,986).

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

The homes here

Housing in Miramar Beach

What homes there are in Miramar Beach, 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

There are more apartments in Miramar Beach than in Walton County: 54% of homes, against 23%.

Year built

The typical home in Miramar Beach was built in 1997, 4 years before the typical one in Walton County.

There are fewer big homes in Miramar Beach than in Walton County: 49% have 3 bedrooms or more, against 67%.

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

$2,766 a month

Walton County: $2,100 a month

Without a mortgage

$1,090 a month

Walton County: $508 a month

Owners with a mortgage

52%

Walton County: 57%

The typical cost for an owner with a mortgage in Miramar Beach is $2,766 a month, more than in Walton County ($2,100); without one, $1,090.

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

Much as in Walton County, the typical home value in Miramar Beach rose 86% since 2015–2019.

Since 2015–2019, the typical rent in Miramar Beach rose 86%, more than in Walton County (78%).

Housing prices ran ahead of income in Miramar Beach: typical income rose 47%, against +86% for home values and +86% for rent.

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

MeasureMiramar BeachWalton CountyFloridaUnited States
Rental vacancy 76.7%37.9%7.6%5.5%
Homeowner vacancy Unreliable estimate2.4%1.4%0.9%
More than one person per room Unreliable estimate2.3%3.3%3.4%
People per household 1.992.372.512.53
Drive alone 69%69%70%69%
Carpool Unreliable estimate12%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 25%16%16%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

There is more rental housing open in Miramar Beach: 76.7% is empty and offered for rent, against 37.9% in Walton County.

Households in Miramar Beach are smaller: 1.99 people on average; in Walton County, 2.37.

Working from home is more common in Miramar Beach: 25%, against 16% in Walton County.

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 Miramar Beach?

A typical home costs more than the typical income allows

We start with a typical home in Miramar Beach, worth $733,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 67% of the typical household income in Miramar Beach, which is $103,250 a year. For that payment to be 28% of income, a household would need to earn about $247,721 a year. Note: at that price the loan is above the FHA limit for Walton County ($603,750), so FHA would not insure it; the payment is only a reference.

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

Your numbers

Local data
$

Starts at the typical home value in Miramar Beach. 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 $25,655 (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

$5,780

at 7.18% · 30 years

Loan amount
$719,724
Total interest
$1,035,513
Paid off in
November 2056

Includes $12,379 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,409 a month

  • Tight

    $2,409 to $3,097 a month

  • Hard

    more than $3,097 a month

    Your payment · 67%

Compared with the typical household income in Miramar Beach ($103,250 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,780
Principal & interest$4,876
Property tax$275
Home insurance$305
FHA mortgage insurance (MIP)$324

This loan is over the FHA limit

You'd borrow $707,345, but the FHA limit for a one-unit home in Miramar Beach is $603,750. You'd need a bigger down payment or a different loan.

You need at least $25,655 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

Miramar Beach and Walton County

Miramar Beach is in Walton 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).

Miramar Beach's own numbers

Typical home value
$733,000
Typical monthly rent
$2,250
Typical yearly household income
$103,250
Households that own their home
82%
Effective property tax rate
0.45%

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

Numbers for all of Walton County

FHA limit, one-unit home
$603,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,474
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
11%

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 Walton County.

Everything about Walton County

Buying

Buying a home in Miramar Beach

A typical home in Miramar Beach is worth $733,000: 72% above the county and 104% above Florida. With the typical household income in Miramar Beach ($103,250 a year), a typical home costs 7.1 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.

  • Miramar Beach 7.1 years
  • Walton 5.2 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Walton County

According to FHFA’s house price index, home prices in Walton County rose 119% in the 10 years through 2025.

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

Period County Florida U.S.
Last year (2025) +2.7% −0.5% +2.9%
5 years (2020–2025) +60% +60% +47%
10 years (2015–2025) +119% +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

Miramar Beach next to Walton 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
  • Miramar Beach $733,000
  • Walton $425,100
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Miramar Beach $2,250
  • Walton $1,741
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Miramar Beach $103,250
  • Walton $81,986
  • Florida $74,568
  • United States $80,734
See the full table
Miramar Beach next to Walton County and Florida
Measure Miramar Beach Walton County Florida U.S.
Typical home value $733,000 $425,100 $359,000 $332,700
Typical monthly rent $2,250 $1,741 $1,669 $1,413
Typical yearly household income $103,250 $81,986 $74,568 $80,734
Households that own their home 82% 79% 68% 65%
Typical yearly property tax $3,273 $1,902 $2,730 $3,119
Effective property tax rate 0.45% 0.45% 0.76% 0.94%
Renters with high rent for their income 81% 56% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Walton 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 Miramar Beach

For a typical $733,000 home in Miramar Beach, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Miramar Beach's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,780a month

    Above the FHA limit for Walton County ($603,750)
    Down payment
    $25,655
    Cash to close
    $47,645
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $324

  • Conventional, 5% down $5,646a month

    Least cash to close
    Down payment
    $36,650
    Cash to close
    $58,640
    Rate
    7.18%
    Mortgage insurance
    PMI · $348

  • Conventional, 20% down, no PMI $4,553a month

    Down payment
    $146,600
    Cash to close
    $168,590
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,230a month

    Down payment
    $109,950
    Cash to close
    $131,940
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 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 Miramar Beach and for Walton County.

Property tax

Effective rate in Miramar Beach

0.45%of the home’s value each year

$3,273 a year for the typical owner in Miramar Beach.

  • Miramar Beach 0.45%
  • Walton 0.45%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Walton County

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

Homes in the high-risk zone
11%
4,608
Of those, with NFIP insurance
70%
County Florida U.S.
Homes in the high-risk zone 11% 13% 3.5%
Of those, with NFIP insurance 70% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Miramar Beach

Typical rent in Miramar Beach is $2,250 a month: 29% above the county. In Miramar Beach, 81% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Walton County, by unit size. To pay the 2-bedroom one ($1,474 a month) without spending more than 30% of your income, you would need to earn $28.35 an hour working full time.

HUD fair market rent for all of Walton 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 $1,123 $21.60 $44,920
1 bedroom $1,354 $26.04 $54,160
2 bedrooms $1,474 $28.35 $58,960
3 bedrooms $2,041 $39.25 $81,640
4 bedrooms $2,464 $47.38 $98,560

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 Miramar Beach

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Miramar Beach is in ZIP code 32550.

For 2 bedrooms it is $2,010: $536 more than the fair market rent for Walton County ($1,474).

  • 32550 $2,010$2,780

A ZIP code counts for Miramar Beach 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?

Free help

Help to buy or rent in Miramar Beach

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 Walton County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Miramar Beach

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

Which programs do I qualify for? All programs in Florida

Housing counselors near Miramar Beach

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

  • City of Panama City Community Development Corporation

    501 Harrison Ave, Panama City · 44 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (850) 872-7231

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

    1169 E Highway 90, Bonifay · 49 miles away

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

  • Community Enterprise Investments, Incorporated

    302 North Barcelona St, Pensacola · 52 miles away

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

All counseling agencies in Florida

Help in Spanish near Miramar Beach

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 Miramar Beach

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

One other authority has an office in Walton County: see the list Source: HUD

Cities

Other cities in Walton County

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

Everything about Walton County Housing in Florida

Nearby cities

The cities closest to Miramar Beach, with the typical home value.

Neighboring counties

If Walton 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 Miramar Beach.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Miramar Beach

Short answers with the numbers for Miramar Beach and all of Walton 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 Miramar Beach?

The typical home value in Miramar Beach is $733,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Walton County it is $425,100.

How much does it cost to rent in Miramar Beach?

Typical rent in Miramar Beach is $2,250 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Walton County is $1,474.

What is the FHA loan limit in Miramar Beach?

Miramar Beach uses the FHA limit for all of Walton County (2026): $603,750 for a one-unit home and $1,161,050 for a four-unit home.

How much property tax do owners pay in Miramar Beach?

The typical homeowner in Miramar Beach pays $3,273 a year, according to the U.S. Census Bureau. That is 0.45% of the home’s value; in Walton County, the rate is 0.45%.

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

We found no HUD-approved counseling agencies with an office in Walton 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).