Pensacola, FL—32506
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 $236,000, with a year-over-year change of -3.6%. This indicates that home prices in Pensacola, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | -3.6% |
| Single Family | $238,000 | -2.9% |
| Condos | $174,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | -4.8% |
3 Bed | $238,000 | -2.5% |
4 Bed | $323,000 | -1.8% |
| 5 Bed | $375,000 | -0.3% |
% of Housing Stock
Rental Trends — Pensacola, FL
As of July '25, Rentcast reports the average rent in Pensacola, FL is $1,670, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Pensacola, FL is studios: $500, 1-bedrooms: $1,110, 2-bedrooms: $1,270, 3-bedrooms: $1,860, 4-bedrooms: $2,230. The most common rental property sizes in Pensacola, FL are 2-bedroom and 3-bedroom, accounting for 38.9% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,670 |
| Studio Rent | $500 | $500 |
| 1 Bed Rent | $1,100 | $1,110 |
| 2 Bed Rent | $1,250 | $1,270 |
| 3 Bed Rent | $1,850 | $1,860 |
| 4 Bed Rent | $2,200 | $2,230 |
% 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 53. 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $277,000 | -4.0% |
Listing Count | 234 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 53 | -11.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 35,200, which has decreased by -4.7% over the past 5 years. Pensacola, FL is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | -4.7% |
% Under 18 | 20.1% | -16.9% |
% Seniors | 16.2% | 12.5% |
% WFH | 10.6% | 103.8% |
% w/ College Degree | 23.9% | 9.6% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly white area, with 60.2% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is black, making up 18.1% of the population. Foreign-born residents account for 8.7% of the population in Pensacola, FL, and this percentage has increased by 11.5% 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 | 60.2% | -5.0% |
% Black | 18.1% | 2.8% |
% Hispanic | 5.8% | -9.4% |
% Asian | 5.7% | -19.7% |
% Foreign Born | 8.7% | 11.5% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 554 mortgage originations in Pensacola, FL, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Pensacola, FL. Investor activity is low, as 4.0% 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 | 554 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% 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 8.6%. 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 | 512 |
Total Units Section 8 | 512 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 80.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,100 | $1,330 |
| 2 Bedroom | $320 | $1,250 | $1,570 |
| 3 Bedroom | $250 | $1,850 | $2,100 |
| 4 Bedroom | $390 | $2,200 | $2,590 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $236,000 |
| Median Household Income | $60,000 |