Miramar Beach, FL—32550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Miramar Beach, FL
As of Nov '25, the median home price in Miramar Beach, FL is $638,000, with a year-over-year change of -7.0%. This indicates that home prices in Miramar Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $638,000 | -7.0% |
| Single Family | $821,000 | -4.9% |
| Condos | $552,000 | -8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $334,000 | -9.5% |
2 Bed | $531,000 | -7.5% |
3 Bed | $760,000 | -5.1% |
4 Bed | $1,177,000 | -5.1% |
| 5 Bed | $1,983,641 | -6.4% |
% of Housing Stock
Rental Trends — Miramar Beach, FL
As of July '25, Rentcast reports the average rent in Miramar Beach, FL is $2,960, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in Miramar Beach, FL is studios: $1,450, 1-bedrooms: $2,110, 2-bedrooms: $2,750, 3-bedrooms: $3,870, 4-bedrooms: $4,790. The most common rental property sizes in Miramar Beach, FL are 3-bedroom and 2-bedroom, accounting for 45.7% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,960 |
| Studio Rent | $1,450 | $1,450 |
| 1 Bed Rent | $2,050 | $2,110 |
| 2 Bed Rent | $2,900 | $2,750 |
| 3 Bed Rent | $3,400 | $3,870 |
| 4 Bed Rent | $4,900 | $4,790 |
% of Rental Stock
Property Listings — Miramar Beach, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Miramar Beach, FL is 119. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | -2.0% |
Listing Count | 809 | 6.0% |
| Listings as % of Homes | 3.7% | 6.0% |
Days on Market | 119 | 11.0% |
Demographics — Miramar Beach, FL
As of the latest ACS Survey released in 2023, Miramar Beach, FL has a population of 8,190, which has decreased by -3.5% over the past 5 years. Miramar Beach, FL is a less popular place for families, as children make up 9.1% of the population. The area has a highly educated workforce, with 54.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,190 | -3.5% |
% Under 18 | 9.1% | -39.3% |
% Seniors | 38.9% | 23.5% |
% WFH | 26.3% | 145.8% |
% w/ College Degree | 54.8% | 15.1% |
As of the latest ACS Survey released in 2023, Miramar Beach, FL is a predominantly white area, with 91.9% of the population identifying as white. The white population has grown by 7.1% in the last 5 years. The second most common race or ethnicity in Miramar Beach, FL is hispanic, making up 4.6% of the population. Foreign-born residents account for 12.1% of the population in Miramar Beach, FL, and this percentage has increased by 65.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.9% | 7.1% |
% Black | 1.9% | -36.7% |
% Hispanic | 4.6% | 84.0% |
% Asian | 0.3% | -90.3% |
% Foreign Born | 12.1% | 65.8% |
Mortgage and Risk — Miramar Beach, FL
According to HUD data as of 2023, there were 518 mortgage originations in Miramar Beach, FL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Miramar Beach, FL. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 518 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 10.0% |
% Second Loans | 40.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — Miramar Beach, FL
Miramar Beach, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$410 | $2,050 | $1,640 |
| 2 Bedroom | -$1,080 | $2,900 | $1,820 |
| 3 Bedroom | -$850 | $3,400 | $2,550 |
| 4 Bedroom | -$1,840 | $4,900 | $3,060 |
Affordability — Miramar Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $638,000 |
| Median Household Income | $96,300 |