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Pensacola Real Estate Market Overview

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Location and Weather

Pensacola is located in the northwestern region of Florida’s panhandle. It’s surrounded by over 50 miles of coastline that intertwine with waters from the Gulf of Mexico. Pensacola is a friendly community that’s full of diversity, highly ranked education, year-round city events and a strong southern culture.

This laid-back beach-city has a temperate climate, and metropolitan center that contributes to its high quality of life.

Population, Job Market and Cost of Living

Pensacola has a population of 53,989, with a growth rate of 0.63% annually. The job market has increased by 1.9% over the last year. In ten years, job growth is predicted to be 42.0%. Considering the National Naval Aviation Museum and the Blue Angels Naval aerobatics team are located here, aviation is a large industry that attracts regular tourists. There’s also a bustling downtown that’s teeming with art galleries, restaurants and cultural venues, which in turn steers the retail trade and accommodation industry here. This area of Pensacola was named “top 10 Great Streets in America” by the American Planning Association.

Pensacola is one of the most affordable cities in Florida, and has very inexpensive housing expenses.

Hottest Neighborhoods:

Tiger Point, Gulf Breeze, Oriole Beach, Pace, Gonzalez, East Hill, East Pensacola Heights

Average Monthly Rent in Pensacola

The rent in Pensacola is $1,338 for an average apartment size of 993 sq. feet.

Change in Home Value and Median Home Value

There has been a 15.1% increase in Pensacola’s median home value over the last year. As of 2022, the median home value is $280,000.

Days to Sell a House

On average, homes in Pensacola sell after 63 days on the market.

Best Time to Sell a House in Pensacola

The best time to sell a home in Pensacola for the most amount of money is during October. The best time to sell a home quickly is during December.

Affordability Index

The affordability index in Pensacola is 131. This number indicates high affordability in this city.

Pensacola Public School Ranking

The top ranked public schools are N.B. Cook Elementary School, Cordova Park Elementary School, Brown Barge Middle School, A.K. Suter Elementary School and Hellen Caro Elementary School. This information is dependent on data from The U.S. Department of Education, The U.S. Census Bureau and the Florida Department of Education.

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