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Pensacola, FL—32505

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$150,000
0.3% YoY Growth
Household Income
$41,000
7.4% YoY Growth
Days on Market
50
19.0% Shorter YoY
Home Price Forecast
-0.8%
Median Rent
$1,300
2.1% YoY Growth
1-Bed Rent
$1,100
13.9% YoY Growth
2-Bed Rent
$1,050
4.8% YoY Growth
3-Bed Rent
$1,400
5.6% YoY Growth

Other Zip Codes in Pensacola, FL

3253432503325143250232501325263250632504
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Pensacola, FL

As of May '26, the median home price in Pensacola, FL is $150,000, with a year-over-year change of 0.3%. This indicates that home prices in Pensacola, FL are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$150,0000.3%
Single Family $150,0002.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$111,000-1.8%
    3 Bed
    		$160,0000.0%
    4 Bed
    		$216,0001.4%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    8.1%
    2 Bedrooms
    29.2%
    3 Bedrooms
    47.0%
    4 Bedrooms
    13.5%
    5+ Bedrooms
    0.5%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.1%
    1 Bedroom
    14.6%
    2 Bedrooms
    37.8%
    3 Bedrooms
    37.6%
    4 Bedrooms
    6.9%

    Property Listings — Pensacola, FL

    As of May '26, Realtor.com reports that the median days on market for a home in Pensacola, FL is 50. This is a decrease of -19.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$190,0000.0%
    Listing Count
    		124-33.0%
    Listings as % of Homes0.6%-33.0%
    Days on Market
    		50-19.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		27,50010.3%
    % Under 18
    		27.1%57.6%
    % Seniors
    		16.0%-14.0%
    % WFH
    		6.7%76.3%
    % w/ College Degree
    		13.8%7.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$150,000
    Median Household Income$41,000

    Pensacola, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Pensacola, FL

    32501

    Pensacola, FL

    32503

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    Frequently Asked Questions