Market Overview
Home Prices in Pace, FL
The median home value in Pace, FL is $327,326 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pace are priced20% below average. Pace is part of the Pensacola-Ferry Pass-Brent, FL metro area.
Over the past five years, Pace home values have risen by approximately22.5%, reflecting strong long-term appreciation in this market.
Price History
Pace Home Price Trend
City Comparison
Pace vs. National Median
At $327,326, homes in Pace cost 20% below the national median of $410,000. This makes Pace a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pace?
20% Down Payment
$65,465
on $327,326
Monthly P&I
$1,707/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,168/mo
incl. taxes & insurance
Income Needed
$86,720
gross annual (30% rule)
10% Down Option
$32,733
+ PMI applies
Loan Amount (20% dn)
$261,861
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Pace, FL?
The median home value in Pace is $327,326 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Pace?
Over the past year, home values in Pace have increased by 0%. Over five years, prices have risen approximately 22.5%.
How much do I need to earn to buy a home in Pace?
To comfortably afford the median home price of $327,326 with a 20% down payment ($65,465) at today's rates (6.8%), you'd need a gross annual income of approximately $86,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Pace compare to the national average home price?
The national median home value is approximately $410,000. At $327,326, homes in Pace are 20% below the national average.
What metro area is Pace part of?
Pace is part of the Pensacola-Ferry Pass-Brent, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.