Pensacola, FL—32526
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 $277,000, with a year-over-year change of -1.8%. This indicates that home prices in Pensacola, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | -1.8% |
| Single Family | $279,000 | -1.1% |
| Condos | $117,000 | -10.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | -3.7% |
3 Bed | $251,000 | -2.0% |
4 Bed | $332,000 | -0.9% |
| 5 Bed | $440,000 | 0.2% |
% of Housing Stock
Rental Trends — Pensacola, FL
As of July '25, Rentcast reports the average rent in Pensacola, FL is $1,830, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Pensacola, FL is studios: $1,170, 1-bedrooms: $1,210, 2-bedrooms: $1,320, 3-bedrooms: $1,810, 4-bedrooms: $2,220. The most common rental property sizes in Pensacola, FL are 3-bedroom and 2-bedroom, accounting for 49.1% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,830 |
| Studio Rent | $1,170 | $1,170 |
| 1 Bed Rent | $1,200 | $1,210 |
| 2 Bed Rent | $1,300 | $1,320 |
| 3 Bed Rent | $1,800 | $1,810 |
| 4 Bed Rent | $2,200 | $2,220 |
% 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 83. This is a increase of 6.0% 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 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 | $325,000 | 8.0% |
Listing Count | 320 | 0.0% |
| Listings as % of Homes | 2.1% | 0.0% |
Days on Market | 83 | 6.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 43,600, which has increased by 20.2% over the past 5 years. Pensacola, FL is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,600 | 20.2% |
% Under 18 | 21.8% | 10.1% |
% Seniors | 17.9% | -10.9% |
% WFH | 11.0% | 233.3% |
% w/ College Degree | 24.4% | -2.8% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 15.0% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is black, making up 18.9% of the population. Foreign-born residents account for 5.0% of the population in Pensacola, FL, and this percentage has increased by 28.2% 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 | 65.5% | -15.0% |
% Black | 18.9% | 53.7% |
% Hispanic | 4.7% | 34.3% |
% Asian | 3.1% | 10.7% |
% Foreign Born | 5.0% | 28.2% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 1574 mortgage originations in Pensacola, FL, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Pensacola, FL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,574 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pensacola, FL
As of 2024, the percent of homes in Pensacola, FL under the Section 8 program is 4.6%. 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 | 193 |
Total Units Section 8 | 193 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 81.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,200 | $1,420 |
| 2 Bedroom | $380 | $1,300 | $1,680 |
| 3 Bedroom | $450 | $1,800 | $2,250 |
| 4 Bedroom | $570 | $2,200 | $2,770 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $277,000 |
| Median Household Income | $71,700 |