Pensacola - FL housing market
The Pensacola metro has a typical home value of $311,363, up 1.2% from a year ago. Homes sell in 32 days on average, a balanced market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.
Pensacola housing market, September 2026
The typical Pensacola home is worth $311,363 as of July 2026, up 0.0% from the prior month, up 0.0% over three months, and up 1.2% from a year ago. Over the past two years values have ranged from $306,981 to $316,399.
Homes are going pending in about 32 days, the same as the 32 days seen three months earlier. There are roughly 3,403 homes for sale, 10% fewer than a year ago. 28.0% of listings have taken a price cut (up from 25.7% three months ago).
Typical rent is $1,761 a month, up 2.7% year over year, which puts the price-to-rent ratio at 14.7.
At this week's 6.71% mortgage rate with 20% down ($62,273), the typical Pensacola home costs about $1,998 a month including tax and insurance, which needs a household income of roughly $85,600 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 6.71% (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 ($311,363) 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 1.2% over the past year. In Pensacola - FL, that means a home worth $307,671 last year is now worth roughly $311,363.
The median sale price, what homes actually close for, is $319,716. Homes are selling at 97.5% of list price, meaning buyers have room to negotiate.
Homes listed in Pensacola - FL sit on the market for roughly 32 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 882 new listings hit the market each month in Pensacola - FL. There are currently 3,403 homes for sale, down 9.6% from a year ago.
The typical monthly rent in Pensacola - FL is $1,761, up 2.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.7x, buying territory (#154 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $1,609 a month in principal and interest, $152 less than renting before taxes, insurance and upkeep. The two break even at a 7.61% 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 September 2026. Methodology →
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Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $477,769 | -1.3% | 51.0d |
| Tampa - FL | $361,634 | -2.2% | 36.0d |
| Orlando - FL | $386,867 | -2.3% | 35.0d |
| Jacksonville - FL | $353,050 | -0.9% | 44.0d |
| North Port - FL | $404,446 | -4.4% | 56.0d |
| Cape Coral - FL | $337,352 | -5.4% | 70.0d |