Pensacola, FL—32505
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 $138,000, with a year-over-year change of -11.7%. This indicates that home prices in Pensacola, FL are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $138,000 | -11.7% |
| Single Family | $139,000 | -10.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $106,000 | -10.9% |
3 Bed | $153,000 | -9.5% |
4 Bed | $212,000 | -3.6% |
| 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 $1,420, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Pensacola, FL is studios: $700, 1-bedrooms: $1,230, 2-bedrooms: $1,090, 3-bedrooms: $1,500, 4-bedrooms: $1,800. The most common rental property sizes in Pensacola, FL are 2-bedroom and 3-bedroom, accounting for 37.8% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,420 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $1,100 | $1,230 |
| 2 Bed Rent | $1,050 | $1,090 |
| 3 Bed Rent | $1,400 | $1,500 |
| 4 Bed Rent | $1,900 | $1,800 |
% 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 71. This is a increase of 3.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $182,000 | -2.0% |
Listing Count | 138 | -14.0% |
| Listings as % of Homes | 0.6% | -14.0% |
Days on Market | 71 | 3.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 27,500, which has increased by 10.3% over the past 5 years. Pensacola, FL is a popular place for families, as children make up 27.1% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 10.3% |
% Under 18 | 27.1% | 57.6% |
% Seniors | 16.0% | -14.0% |
% WFH | 6.7% | 76.3% |
% w/ College Degree | 13.8% | 7.8% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly black area, with 48.0% of the population identifying as black. The black population has grown by 16.5% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is white, making up 32.2% of the population. Foreign-born residents account for 8.6% of the population in Pensacola, FL, and this percentage has increased by 115.0% 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 | 32.2% | -33.5% |
% Black | 48.0% | 16.5% |
% Hispanic | 10.9% | 202.8% |
% Asian | 2.0% | 0.0% |
% Foreign Born | 8.6% | 115.0% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 302 mortgage originations in Pensacola, FL, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 52.0% 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. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 302 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Pensacola, FL
As of 2024, the percent of homes in Pensacola, FL under the Section 8 program is 20.4%. 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, 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 | 1,100 |
Total Units Section 8 | 1,086 |
% Rentals under Section 8 | 20.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,100 | $1,180 |
| 2 Bedroom | $340 | $1,050 | $1,390 |
| 3 Bedroom | $460 | $1,400 | $1,860 |
| 4 Bedroom | $390 | $1,900 | $2,290 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $138,000 |
| Median Household Income | $41,000 |