Milton, Florida.
Typical home $286,472 (+1.8% in a year), asking rent $1,800 (+3.5%). Pensacola-Ferry Pass-Brent, FL metro.
to buy the typical home at today's mortgage rate — +$844 (+128%) since Jan 2020.
- 1 year
- Up $5,042 +2%
- $281,431$286,472 since Sep 2025
- 5 years
- Up $49,859 +21%
- $236,614$286,472 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Milton$1,504
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Milton, FL rose 1.8% over the past year — faster than the nation's +1.2%.
Asking rents in Milton, FL rose 3.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in Milton runs $147/mo more than renting one. The gap peaked at $337 in Oct 2023.
That is $1,947 a month against $1,800 rent: a $1,504 mortgage payment, plus $137 property tax and $307 insurance & upkeep.
Owning vs renting — Milton
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,947
- Renting$1,800
- Mortgage only$1,504
Property tax · $137/mo 0.57% of value a year — the ACS 2020-2024 median bill over the median home value for Santa Rosa County, FL
Insurance & upkeep · $307/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Milton, Santa Rosa County, Florida
Milton is a city of 10,197 people in Santa Rosa County. Half its households earn more than $76,301 a year and half less, against $91,922 across Santa Rosa County; 8% of its people live below the poverty line. 53% of its homes are lived in by their owners and 47% are rented. Unemployment in Santa Rosa County was 4.8% in August 2026, and the county had 2.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Milton is a small city in Santa Rosa County, in the Florida Panhandle. Incomes here run below the county's as a whole, and slightly more homes are lived in by their owners than rented. Winters are mild, with January highs in the mid-range of cool and chilly nights, while summers are hot, and rain is plentiful through the year.
Work. Residents work mostly in schools, hospitals and social care, with professional and business services, restaurants and hotels, and shops also employing many. Among the largest workplaces in Milton are Santa Rosa Schools, Santa Rosa Medical Center and Publix Super Markets. Unemployment in the county is a little higher than a year ago, though the county has added jobs over the past year.
Things to do. Blackwater Heritage Trail State Park, a park in or beside town, is the easiest place to get outdoors, and the Museum of Local History, also in or beside town, covers the area's past. A short drive away, the Blackwater River is one of several rivers in the area. A longer drive brings you to the National Naval Aviation Museum.
Report a mistake
- 4,722households
- 25%of adults have a degree
- 8%below the poverty line
- 26 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Santa Rosa County had 44,562 jobs in 2025, 2.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 65° and lows near 42°; warmest in July, with highs near 93° and lows near 75°. About 66 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Whiting Field Nas South weather station, 5 miles away (NOAA).
Largest workplaces in Milton
- Santa Rosa SchoolsSchool district3,025FTE
- Santa Rosa Medical CenterGeneral hospital400FTE
- Publix Super MarketsSupermarkets and other grocery stores183
- Santa Rosa SNF OperationsSkilled nursing facilities134
- AT&TWired telecommunications carriers49
- LifeView GroupCounseling services33
- NextEra EnergyElectric power distribution28
- Tractor Supply Company StoreGeneral merchandise stores20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 447 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- HurricanesRelatively high
- TornadoesRelatively high
- Coastal floodingRelatively moderate
- Heat wavesRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Milton’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Santa Rosa County and the Pensacola-Ferry Pass-Brent, FL metro.
Milton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Milton$286,472
- Florida$375,361
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Milton listings, and the typical home goes pending in 22 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Milton26.16%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Milton22
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Milton340
New listings per month
Sellers arriving at the market.
- Milton93
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Milton$289,918
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Milton97.62%
Zip codes with a Milton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Milton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Milton
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 32570 | Milton | 37,197 | $1,679 | $275,960 |
| 32583 | Milton | 31,828 | $1,906 | $290,641 |