Pace, FL 32571 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pace, FL—32571

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$329,000

0.5% YoY Growth

Household Income

$89,100

24.7% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

-0.3%

Median Rent

$2,000

1.9% YoY Growth

1-Bed Rent

$950

30.9% YoY Growth

2-Bed Rent

$1,200

14.7% YoY Growth

3-Bed Rent

$1,950

2.6% YoY Growth

Home Price Trends — Pace, FL

As of May '26, the median home price in Pace, FL is $329,000, with a year-over-year change of -0.5%. This indicates that home prices in Pace, FL are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$329,000	-0.5%
Single Family	$329,000	-0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Pace, FL

As of July '25, Rentcast reports the average rent in Pace, FL is $2,030, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Pace, FL is 1-bedrooms: $1,090, 2-bedrooms: $1,220, 3-bedrooms: $1,940, 4-bedrooms: $2,150. The most common rental property sizes in Pace, FL are 3-bedroom and 2-bedroom, accounting for 39.1% and 33.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,030
Studio Rent	N/A	N/A
1 Bed Rent	$950	$1,090
2 Bed Rent	$1,200	$1,220
3 Bed Rent	$1,950	$1,940
4 Bed Rent	$2,100	$2,150

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% of Rental Stock

Studio

2.8%

1 Bedroom

7.7%

2 Bedrooms

33.4%

3 Bedrooms

39.1%

4 Bedrooms

16.7%

5+ Bedrooms

0.2%

Property Listings — Pace, FL

As of May '26, Realtor.com reports that the median days on market for a home in Pace, FL is 51. 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$352,000	-1.0%
Listing Count	371	10.0%
Listings as % of Homes	1.4%	10.0%
Days on Market	51	-11.0%

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Demographics — Pace, FL

As of the latest ACS Survey released in 2023, Pace, FL has a population of 41,200, which has increased by 16.4% over the past 5 years. Pace, FL is a popular place for families, as children make up 27.5% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	41,200	16.4%
% Under 18	27.5%	13.6%
% Seniors	17.2%	22.9%
% WFH	12.6%	270.6%
% w/ College Degree	33.3%	10.6%

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As of the latest ACS Survey released in 2023, Pace, FL is a predominantly white area, with 80.2% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Pace, FL is hispanic, making up 5.7% of the population. Foreign-born residents account for 6.0% of the population in Pace, FL, and this percentage has increased by 93.5% 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	80.2%	-7.9%
% Black	4.1%	41.4%
% Hispanic	5.7%	29.5%
% Asian	2.5%	66.7%
% Foreign Born	6.0%	93.5%

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Mortgage and Risk — Pace, FL

According to HUD data as of 2023, there were 1232 mortgage originations in Pace, FL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Pace, FL. Investor activity is low, as 0.0% 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	1,232
% Conventional Loans	53.0%
% Government Loans	47.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Pace, FL

As of 2024, the percent of homes in Pace, FL under the Section 8 program is 6.0%. 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 Pace, 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	121
Total Units Section 8	121
% Rentals under Section 8	6.0%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$360	$950	$1,310
2 Bedroom	$340	$1,200	$1,540
3 Bedroom	$110	$1,950	$2,060
4 Bedroom	$440	$2,100	$2,540

Pace, FL—32571

Key Metrics at a Glance

Home Price Trends — Pace, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pace, FL

% of Rental Stock

Property Listings — Pace, FL

Demographics — Pace, FL

Race and Ethnicity

Mortgage and Risk — Pace, FL

Mortgages

Rentals and Section 8 — Pace, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Pace, FL

Home Price to Income Ratio

Pace, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Cantonment, FL

Pensacola, FL

Pensacola, FL

Molino, FL

Pensacola, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$329,000
Median Household Income	$89,100

Pace, FL—32571

Key Metrics at a Glance

Home Price Trends — Pace, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pace, FL

% of Rental Stock

Property Listings — Pace, FL

Demographics — Pace, FL

Race and Ethnicity

Mortgage and Risk — Pace, FL

Mortgages

Rentals and Section 8 — Pace, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Pace, FL

Home Price to Income Ratio

Pace, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Cantonment, FL

Pensacola, FL

Pensacola, FL

Molino, FL

Pensacola, FL

Frequently Asked Questions

What is the average home price in Pace, FL 32571?

How have home prices in Pace, FL 32571 changed over the past year?

What is the home price projection for Pace, FL 32571?

What are the demographics of Pace, FL 32571?

How long does it take homes to sell in Pace, FL 32571?

What is the average rent price in Pace, FL 32571?