Pensacola, FL Housing Market: Home Prices & Rent
Pensacola, FL home values since 2000
Last few years
Rent in Pensacola, FL
Owning vs renting, monthly
Buying the typical Pensacola, FL home with 20% down at this week's 7.32% 30-year rate costs about $2,084/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,735/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Pensacola, FL vs Florida vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $309k | +1.6% | $1,735/mo |
| Florida | $375k | -0.9% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Pensacola, FL?
No - the typical Pensacola, FL-area home value is up 1.6% over the past 12 months, at $309k (September 2026).
Is the Pensacola, FL housing market crashing?
Home values are close to their 2020s high and up 1.6% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Pensacola, FL?
Typical rent in the Pensacola, FL metro is $1,735 a month (September 2026), +2.5% over 12 months.
How much income do you need to buy a home in Pensacola, FL?
About $88k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Miami, FL · Tampa, FL · Orlando, FL · Jacksonville, FL · North Port, FL · Cape Coral, FL · Harrisburg, PA · Omaha, NE · Cincinnati, OH · Greenville, SC
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Pensacola, FL metro area. How we calculate.