Pensacola, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pensacola Housing Market Information

With a population of 52,975, 21,873 total housing units (homes and apartments), and a median house value of $187,395, Pensacola real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pensacola, accounting for 70.18% of the city's housing units. Other types of housing that are prevalent in Pensacola include large apartment complexes or high rise apartments ( 18.06%), duplexes, homes converted to apartments or other small apartment buildings ( 9.48%), and a few row houses and other attached homes ( 1.64%).

The most prevalent building size and type in Pensacola are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.99% owning and 42.01% renting.

There is a lot of housing in Pensacola built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pensacola built between 1940-1969 ( 37.80%). A lesser amount of the housing stock also hails from before 1939 ( 11.45%). There's also some housing in Pensacola built between 2000 and later ( 9.35%).

Vacant housing appears to be an issue in Pensacola. Fully 12.33% of the housing stock is classified as vacant. Left unchecked, vacant Pensacola homes and apartments can be a drag on the real estate market, holding Pensacola real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pensacola Home Appreciation Rates

In the last 10 years, Pensacola has experienced some of the highest home appreciation rates of any community in the nation. Pensacola real estate appreciated 56.29% over the last ten years, which is an average annual home appreciation rate of 4.57%, putting Pensacola in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pensacola definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Pensacola that despite a nationwide downturn in the housing market, Pensacola real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pensacola appreciation rates continue to be some of the highest in America, at 5.41%, which is higher than appreciation rates in 79.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pensacola. Pensacola appreciation rates in the latest quarter were at 0.42%, which equates to an annual appreciation rate of 1.68%.

Notably, Pensacola's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Pensacola's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Pensacola differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pensacola - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pensacola real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$187,395

Pensacola, FL HOME PRICES

> $1,293,000
0.7%
0.7%
$970,001 - $1,293,000
1.3%
1.3%
$646,001 - $970,000
4.4%
4.4%
$517,001 - $646,000
4.5%
4.5%
$388,001 - $517,000
7.6%
7.6%
$259,001 - $388,000
16.9%
16.9%
$129,001 - $259,000
38.2%
38.2%
$65,001 - $129,000
21.2%
21.2%
$0 - $65,000
5.2%
5.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
21,873

Pensacola Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
104.82% 3.52%
3
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,279 / per month

Homeownership Rate

Owners
58.0%
58.0%
Renters
42.0%
42.0%
Vacant
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
9.3%
9.3%
1970 - 1999
41.4%
41.4%
1940 - 1969
37.8%
37.8%
1939 or Older
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.2%
70.2%
Townhomes
1.6%
1.6%
Small Apt. Buildings
9.5%
9.5%
Apt. Complexes
18.1%
18.1%
Mobile Homes
0.6%
0.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
9.8%
9.8%
2 Bedrooms
31.1%
31.1%
3 Bedrooms
40.9%
40.9%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES