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Pensacola

Learn about the people, housing, costs and businesses in Pensacola, Florida

Median Home$306,957
Median Rent$1,325/month
Population53,293
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare3% education
Home Value Growth+9.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners64% of occupied units
NotableAmenity Score89/100 · highly walkable area
NotableVeteran Community12% of residents · top 6% nationally
Pensacola
FL

Frequently Asked Questions

What are today's mortgage rates in Pensacola?

As of today, the 30-year fixed mortgage rate for Pensacola is approximately 6.882% (6.924% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Pensacola?

The median home value in Pensacola is $307k. The median monthly rent is $1,325. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pensacola?

Home values in Pensacola have increased 9.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Pensacola?

Based on a typical all-in ownership cost of $1,296/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pensacola is $75k/year.

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What industries drive the economy in Pensacola?

The largest employment sectors in Pensacola are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.