Pensacola, FL—32502
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 $330,000, with a year-over-year change of -3.5%. This indicates that home prices in Pensacola, 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 | $330,000 | -3.5% |
| Single Family | $327,000 | -3.5% |
| Condos | $365,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $200,000 | -3.8% |
2 Bed | $295,000 | -3.3% |
3 Bed | $368,000 | -2.9% |
4 Bed | N/A | N/A |
| 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 $2,070, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Pensacola, FL is studios: $1,340, 1-bedrooms: $1,550, 2-bedrooms: $2,060, 3-bedrooms: $2,400, 4-bedrooms: $3,000. The most common rental property sizes in Pensacola, FL are 2-bedroom and 1-bedroom, accounting for 32.9% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,070 |
| Studio Rent | $1,280 | $1,340 |
| 1 Bed Rent | $1,650 | $1,550 |
| 2 Bed Rent | $1,750 | $2,060 |
| 3 Bed Rent | $2,200 | $2,400 |
| 4 Bed Rent | $3,000 | $3,000 |
% 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 90. This is a decrease of -11.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | 21.0% |
Listing Count | 73 | -18.0% |
| Listings as % of Homes | 2.6% | -18.0% |
Days on Market | 90 | -11.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 3,990, which has increased by 25.3% over the past 5 years. Pensacola, FL is a less popular place for families, as children make up 13.8% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,990 | 25.3% |
% Under 18 | 13.8% | -33.3% |
% Seniors | 18.8% | 12.6% |
% WFH | 17.7% | 216.1% |
% w/ College Degree | 35.8% | 19.7% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly white area, with 59.5% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is black, making up 24.5% of the population. Foreign-born residents account for 5.6% of the population in Pensacola, FL, and this percentage has increased by 14.3% 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 | 59.5% | -3.9% |
% Black | 24.5% | -5.4% |
% Hispanic | 4.7% | 27.0% |
% Asian | 0.7% | 133.3% |
% Foreign Born | 5.6% | 14.3% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 142 mortgage originations in Pensacola, FL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Pensacola, FL. Investor activity is low, as 8.0% 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 | 142 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 8.0% |
% 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 5.2%. This is considered low, suggesting that the neighborhood is sparsely 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 | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,650 | $1,310 |
| 2 Bedroom | -$210 | $1,750 | $1,540 |
| 3 Bedroom | -$140 | $2,200 | $2,060 |
| 4 Bedroom | -$460 | $3,000 | $2,540 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $330,000 |
| Median Household Income | $67,500 |