Pensacola housing market
Typical home value
$309K
▲ 1.6% 1 yr
Typical rent
$1,735/mo
▲ 2.5% 1 yr
12-month forecast
+0.8%
#413 of 546 metros
Gross rent yield
6.7%
#158 of 546 · U.S. 6.3%
Days to pending
64 days
▼ −7 days 1 yr
Listings with a price cut
28%
▼ −0.7 pts 1 yr
Key takeaways
- 1The typical home is worth $308,972, up 1.6% in a year and up 18% over five years.
- 2Zillow forecasts home values rising 0.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,735/mo (+2.5% YoY), a 6.7% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,698/mo in principal and interest, $37 less than renting.
- 5Homes go under contract in 64 days (−7 days vs last year); 28% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 48/100, #163 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Pensacola compares
| Measure | Pensacola | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.6% | +1.2% | #324 |
| Home value, 5-yr change | +17.9% | +19.7% | |
| 12-month forecast | +0.8% | +1.1% | #413 |
| Rent, 1-yr change | +2.5% | +2.7% | #349 |
| Gross rent yield | 6.7% | 6.3% | #158 |
| Price-to-rent ratio | 14.8 | 15.8 | |
| Mortgage P&I on typical home | $1,698 | $2,012 | |
| Income needed to buy | $88,009 | $100,902 | |
| Days to pending | 64 | 56 |
Cities in the Pensacola metro
6 cities with home value and rent data.
| Pensacola | $265K | ▲ 1.2% | $1,640 | ▲ 2.6% | 7.4% |
| Milton | $286K | ▲ 1.8% | $1,800 | ▲ 3.5% | 7.5% |
| Navarre | $417K | ▲ 1.8% | $2,106 | ▲ 3.1% | 6.1% |
| Cantonment | $326K | ▲ 0.8% | $1,746 | ▲ 4.9% | 6.4% |
| Pace | $326K | ▲ 0.9% | $1,929 | ▲ 1.8% | 7.1% |
| Gulf Breeze | $479K | ▲ 1.2% | $2,075 | ▲ 2.8% | 5.2% |
Run the numbers
Rental property calculator
Cash flow on a typical Pensacola rental ($309K, $1,735/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Pensacola home.
Rent vs buy
Is it cheaper to rent or buy in Pensacola?
Renting out a property in Florida? See deposit limits, late fee rules and notice periods.
Other Florida metros
Miami, FL
$477K home$2,654 rent6.7% yield
▲ 0.3% 1 yr
Tampa, FL
$357K home$1,991 rent6.7% yield
▼ 0.9% 1 yr
Orlando, FL
$383K home$1,929 rent6.0% yield
▼ 1.4% 1 yr
Jacksonville, FL
$351K home$1,680 rent5.8% yield
▼ 0.1% 1 yr
North Port, FL
$404K home$2,106 rent6.3% yield
▼ 2.0% 1 yr
Cape Coral, FL
$334K home$1,827 rent6.6% yield
▼ 3.5% 1 yr
Lakeland, FL
$296K home$1,814 rent7.4% yield
▼ 2.2% 1 yr
Deltona, FL
$331K home$1,767 rent6.4% yield
▼ 0.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.