Pensacola, FL—32534
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 -3.4%. 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 | $236,000 | -3.4% |
| Single Family | $237,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | -7.1% |
3 Bed | $241,000 | -2.4% |
4 Bed | $300,000 | -1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pensacola, FL
As of July '25, Rentcast reports the average rent in Pensacola, FL is $1,620, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Pensacola, FL is studios: $1,200, 1-bedrooms: $1,350, 2-bedrooms: $1,140, 3-bedrooms: $1,750, 4-bedrooms: $1,880. The most common rental property sizes in Pensacola, FL are 2-bedroom and 3-bedroom, accounting for 43.7% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,620 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,420 | $1,350 |
| 2 Bed Rent | $1,080 | $1,140 |
| 3 Bed Rent | $1,800 | $1,750 |
| 4 Bed Rent | $1,850 | $1,880 |
% 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 70. This is a increase of 34.0% 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 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 | $250,000 | 1.0% |
Listing Count | 91 | -3.0% |
| Listings as % of Homes | 0.7% | -3.0% |
Days on Market | 70 | 34.0% |
Demographics — Pensacola, FL
As of the latest ACS Survey released in 2023, Pensacola, FL has a population of 15,900, which has increased by 9.3% over the past 5 years. Pensacola, FL is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | 9.3% |
% Under 18 | 19.9% | 17.8% |
% Seniors | 18.6% | -10.6% |
% WFH | 13.2% | 238.5% |
% w/ College Degree | 22.3% | -3.9% |
As of the latest ACS Survey released in 2023, Pensacola, FL is a predominantly white area, with 50.9% of the population identifying as white. The white population has shrunk by 19.6% in the last 5 years. The second most common race or ethnicity in Pensacola, FL is black, making up 29.7% of the population. Foreign-born residents account for 8.0% of the population in Pensacola, FL, and this percentage has increased by 105.1% 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 | 50.9% | -19.6% |
% Black | 29.7% | 23.8% |
% Hispanic | 7.8% | 47.2% |
% Asian | 4.7% | 88.0% |
% Foreign Born | 8.0% | 105.1% |
Mortgage and Risk — Pensacola, FL
According to HUD data as of 2023, there were 344 mortgage originations in Pensacola, FL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% 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. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 344 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Pensacola, FL
As of 2024, the percent of homes in Pensacola, FL under the Section 8 program is 2.6%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Pensacola, FL, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,420 | $1,380 |
| 2 Bedroom | $550 | $1,080 | $1,630 |
| 3 Bedroom | $380 | $1,800 | $2,180 |
| 4 Bedroom | $830 | $1,850 | $2,680 |
Affordability — Pensacola, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $236,000 |
| Median Household Income | $59,000 |