Pensacola - FL housing market
The Pensacola metro has a typical home value of $310,111, up 1.4% from a year ago. Homes sell in 35 days on average, a balanced market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
Pensacola housing market, October 2026
The typical Pensacola home is worth $310,111 as of August 2026, up 0.1% from the prior month, up 0.1% over three months, and up 1.4% from a year ago. Over the past two years values have ranged from $305,506 to $314,079.
Homes are going pending in about 35 days, slower than the 30 days seen three months earlier. There are roughly 3,376 homes for sale, 9% fewer than a year ago. 28.8% of listings have taken a price cut (up from 26.3% three months ago).
Typical rent is $1,745 a month, up 2.6% year over year, which puts the price-to-rent ratio at 14.8.
At this week's 7.40% mortgage rate with 20% down ($62,022), the typical Pensacola home costs about $2,105 a month including tax and insurance, which needs a household income of roughly $90,200 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($310,111) is the Zillow Home Value Index for the Pensacola - FL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.4% over the past year. In Pensacola - FL, that means a home worth $305,829 last year is now worth roughly $310,111.
The median sale price, what homes actually close for, is $317,221. Homes are selling at 97.4% of list price, meaning buyers have room to negotiate.
Homes listed in Pensacola - FL sit on the market for roughly 35 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 838 new listings hit the market each month in Pensacola - FL. There are currently 3,376 homes for sale, down 8.8% from a year ago.
The typical monthly rent in Pensacola - FL is $1,745, up 2.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.8x, buying territory (#153 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,718 a month in principal and interest, $27 less than renting before taxes, insurance and upkeep. The two break even at a 7.56% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $475,830 | -0.5% | 52.0d |
| Tampa - FL | $358,706 | -1.5% | 39.0d |
| Orlando - FL | $383,445 | -1.8% | 38.0d |
| Jacksonville - FL | $350,783 | -0.5% | 47.0d |
| North Port - FL | $402,040 | -3.1% | 56.0d |
| Cape Coral - FL | $335,410 | -4.4% | 67.0d |