Pensacola, FL—32501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pensacola, FL
As of Oct '25, the median home price in Pensacola, FL is $254,000, with a year-over-year change of -4.3%. This indicates that home prices in Pensacola, FL are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | -4.3% |
| Single Family | $252,000 | -3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $264,000 | -0.8% |
3 Bed | $320,000 | -0.9% |
4 Bed | $508,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pensacola, FL
As of July '25, Rentcast reports the average rent in Pensacola, FL is $2,020, with a year-over-year rent change of 16.1%. Per bedroom, the median rent as of July '25 in Pensacola, FL is 1-bedrooms: $1,200, 2-bedrooms: $1,640, 3-bedrooms: $2,070, 4-bedrooms: $3,110. The most common rental property sizes in Pensacola, FL are 2-bedroom and 1-bedroom, accounting for 38.4% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,200 |
| 2 Bed Rent | $1,750 | $1,640 |
| 3 Bed Rent | $1,950 | $2,070 |
| 4 Bed Rent | $2,600 | $3,110 |
% of Rental Stock
Property Listings — Pensacola, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pensacola, FL is 73. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 13.0% |
Listing Count | 99 | 15.0% |
| Listings as % of Homes | 1.0% | 15.0% |
Days on Market | 73 | -6.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 10,700, which has decreased by -7.2% over the past 5 years. Pensacola, FL is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | -7.2% |
% Under 18 | 18.7% | -22.4% |
% Seniors | 18.9% | 8.6% |
% WFH | 12.3% | 83.6% |
% w/ College Degree | 30.2% | 32.5% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly black area, with 45.6% of the population identifying as black. The black population has shrunk by 22.8% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is white, making up 42.1% of the population. Foreign-born residents account for 2.4% of the population in Pensacola, FL, and this percentage has increased by 50.0% 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 | 42.1% | 15.7% |
% Black | 45.6% | -22.8% |
% Hispanic | 5.0% | 66.7% |
% Asian | 0.7% | 16.7% |
% Foreign Born | 2.4% | 50.0% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 123 mortgage originations in Pensacola, FL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Pensacola, FL. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 7.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pensacola, FL
As of 2024, the percent of homes in Pensacola, FL under the Section 8 program is 30.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pensacola, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 954 |
Total Units Section 8 | 735 |
% Rentals under Section 8 | 30.7% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,150 | $1,110 |
| 2 Bedroom | -$440 | $1,750 | $1,310 |
| 3 Bedroom | -$200 | $1,950 | $1,750 |
| 4 Bedroom | -$440 | $2,600 | $2,160 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $254,000 |
| Median Household Income | $39,100 |