Median real estate price in the City Center of Pensacola is $121,799, which is less expensive than 82.0% of Florida neighborhoods and 73.0% of all U.S. neighborhoods.
The average rental price in Pensacola City Center is currently $908, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 90.7% of Florida neighborhoods.
Pensacola City Center is a suburban neighborhood (based on population density) located in Pensacola, Florida.
Real estate in the City Center of Pensacola, FL is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Pensacola City Center. The current real estate vacancy rate here is 24.2%. This is higher than the rate of vacancies in 90.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.