Pensacola - FL housing market
The Pensacola metro has a typical home value of $308,972, up 1.6% from a year ago. Homes sell in 35 days on average, a balanced market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.
Pensacola housing market, October 2026
The typical Pensacola home is worth $308,972 as of September 2026, up 0.1% from the prior month, up 0.1% over three months, and up 1.6% from a year ago. Over the past two years values have ranged from $304,175 to $311,632.
Homes are going pending in about 35 days, slower than the 31 days seen three months earlier. There are roughly 3,303 homes for sale, 8% fewer than a year ago. 27.6% of listings have taken a price cut (up from 27.4% three months ago).
Typical rent is $1,735 a month, up 2.8% year over year, which puts the price-to-rent ratio at 14.8.
At this week's 7.40% mortgage rate with 20% down ($61,794), the typical Pensacola home costs about $2,098 a month including tax and insurance, which needs a household income of roughly $89,900 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 ($308,972) 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 1.6% over the past year. In Pensacola - FL, that means a home worth $304,106 last year is now worth roughly $308,972.
The median sale price, what homes actually close for, is $316,333. 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 35 days before going pending. Shorter = seller's market; longer = buyer's market.
About 27.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 795 new listings hit the market each month in Pensacola - FL. There are currently 3,303 homes for sale, down 8.1% from a year ago.
The typical monthly rent in Pensacola - FL is $1,735, up 2.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.8x, buying territory (#152 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,711 a month in principal and interest, $24 less than renting before taxes, insurance and upkeep. The two break even at a 7.54% 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 | $476,815 | +0.3% | 52.0d |
| Tampa - FL | $356,843 | -0.9% | 41.0d |
| Orlando - FL | $383,302 | -1.4% | 41.0d |
| Jacksonville - FL | $350,574 | -0.1% | 49.0d |
| North Port - FL | $403,540 | -2.0% | 53.0d |
| Cape Coral - FL | $334,479 | -3.5% | 64.0d |