Pensacola, FL—32503
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 $283,000, with a year-over-year change of -3.3%. This indicates that home prices in Pensacola, FL are decreasing. 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 | $283,000 | -3.3% |
| Single Family | $296,000 | -3.0% |
| Condos | $173,000 | -8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $152,000 | -5.0% |
2 Bed | $198,000 | -4.8% |
3 Bed | $307,000 | -2.5% |
4 Bed | $441,000 | -1.3% |
| 5 Bed | $666,000 | 0.3% |
% of Housing Stock
Rental Trends — Pensacola, FL
As of July '25, Rentcast reports the average rent in Pensacola, FL is $1,750, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Pensacola, FL is 1-bedrooms: $1,390, 2-bedrooms: $1,500, 3-bedrooms: $1,980, 4-bedrooms: $2,300. The most common rental property sizes in Pensacola, FL are 2-bedroom and 3-bedroom, accounting for 46.1% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,390 |
| 2 Bed Rent | $1,350 | $1,500 |
| 3 Bed Rent | $1,850 | $1,980 |
| 4 Bed Rent | $2,220 | $2,300 |
% 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 69. This is a decrease of -10.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -10.0% |
Listing Count | 222 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 69 | -10.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 33,000, which has decreased by -4.5% over the past 5 years. Pensacola, FL is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 41.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | -4.5% |
% Under 18 | 16.9% | -18.0% |
% Seniors | 17.5% | 20.7% |
% WFH | 22.4% | 22.4% |
% w/ College Degree | 41.4% | 23.6% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly white area, with 67.8% of the population identifying as white. The white population has grown by 18.1% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is black, making up 20.0% of the population. Foreign-born residents account for 4.5% of the population in Pensacola, FL, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.8% | 18.1% |
% Black | 20.0% | -29.8% |
% Hispanic | 4.7% | -21.7% |
% Asian | 2.4% | -4.0% |
% Foreign Born | 4.5% | -10.0% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 553 mortgage originations in Pensacola, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Pensacola, FL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 553 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Pensacola, FL
As of 2024, the percent of homes in Pensacola, FL under the Section 8 program is 9.1%. 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 | 593 |
Total Units Section 8 | 422 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,200 | $1,310 |
| 2 Bedroom | $200 | $1,350 | $1,550 |
| 3 Bedroom | $220 | $1,850 | $2,070 |
| 4 Bedroom | $330 | $2,220 | $2,550 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $283,000 |
| Median Household Income | $67,700 |