Pensacola, FL—32504
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 $263,000, with a year-over-year change of -3.8%. 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 | $263,000 | -3.8% |
| Single Family | $275,000 | -3.5% |
| Condos | $141,000 | -8.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | -6.5% |
3 Bed | $261,000 | -3.3% |
4 Bed | $372,000 | -2.6% |
| 5 Bed | $639,000 | -0.9% |
% of Housing Stock
Rental Trends — Pensacola, FL
As of July '25, Rentcast reports the average rent in Pensacola, FL is $1,620, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Pensacola, FL is studios: $1,530, 1-bedrooms: $1,340, 2-bedrooms: $1,310, 3-bedrooms: $1,740, 4-bedrooms: $2,740. The most common rental property sizes in Pensacola, FL are 2-bedroom and 3-bedroom, accounting for 54.1% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,620 |
| Studio Rent | $992 | $1,530 |
| 1 Bed Rent | $1,340 | $1,340 |
| 2 Bed Rent | $1,280 | $1,310 |
| 3 Bed Rent | $1,650 | $1,740 |
| 4 Bed Rent | $2,300 | $2,740 |
% 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 96. This is a increase of 28.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | 0.0% |
Listing Count | 150 | 4.0% |
| Listings as % of Homes | 0.6% | 4.0% |
Days on Market | 96 | 28.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 22,100, which has decreased by -4.1% over the past 5 years. Pensacola, FL is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | -4.1% |
% Under 18 | 19.3% | -30.1% |
% Seniors | 20.8% | 39.6% |
% WFH | 12.5% | 380.8% |
% w/ College Degree | 40.7% | 13.1% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly white area, with 68.6% of the population identifying as white. The white population has grown by 5.4% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is black, making up 12.9% of the population. Foreign-born residents account for 6.5% of the population in Pensacola, FL, and this percentage has increased by 41.3% 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 | 68.6% | 5.4% |
% Black | 12.9% | -25.9% |
% Hispanic | 5.5% | -21.4% |
% Asian | 4.5% | 55.2% |
% Foreign Born | 6.5% | 41.3% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 434 mortgage originations in Pensacola, FL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Pensacola, FL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 434 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pensacola, FL
As of 2024, the percent of homes in Pensacola, FL under the Section 8 program is 4.8%. 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, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 234 |
Total Units Section 8 | 184 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,340 | $1,370 |
| 2 Bedroom | $340 | $1,280 | $1,620 |
| 3 Bedroom | $520 | $1,650 | $2,170 |
| 4 Bedroom | $370 | $2,300 | $2,670 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $263,000 |
| Median Household Income | $74,100 |