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Pensacola real estate market overview
- Average Monthly Rent: $1,445
- Home Price/Value Percentage Change: 7.90%
- Median Home Value: $247,364
- Best Time To Sell a Home: October
- Affordability Index: Moderate
- Days To Sell a House: 74
- Job Market: Fair
- Public School Ranking: 18
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 55,029, with a growth rate of 0.44% annually.
The job market has decreased by -3.45% over the last year. In ten years, job growth is predicted to be 41.95%. 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.
Pensacola real estate market details
- Avondale
- Palafox
- East Hill
- Scenic Heights
- West Side
The average monthly rent in Pensacola is $1,485 for an average apartment size of 996 sq. feet.
There has been a 7.9% increase in Pensacola's median home value over the last year. As of 2023, the median home value is $247,364.
On average, homes in Pensacola sell after 74 days on the market.
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.
The affordability index in Pensacola is 87. This number indicates moderate affordability in this city.
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 US Department of Education, The US Census Bureau and the Florida Department of Education.