Market Overview
Home Prices in Pensacola, FL
The median home value in Pensacola, FL is $268,527 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pensacola are priced35% below average. Pensacola is part of the Pensacola-Ferry Pass-Brent, FL metro area.
Over the past five years, Pensacola home values have risen by approximately23.0%, reflecting strong long-term appreciation in this market.
Price History
Pensacola Home Price Trend
City Comparison
Pensacola vs. National Median
At $268,527, homes in Pensacola cost 35% below the national median of $410,000. This makes Pensacola a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pensacola?
20% Down Payment
$53,705
on $268,527
Monthly P&I
$1,400/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,778/mo
incl. taxes & insurance
Income Needed
$71,120
gross annual (30% rule)
10% Down Option
$26,853
+ PMI applies
Loan Amount (20% dn)
$214,822
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 Pensacola, FL?
The median home value in Pensacola is $268,527 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Pensacola?
Over the past year, home values in Pensacola have increased by 1.1%. Over five years, prices have risen approximately 23.0%.
How much do I need to earn to buy a home in Pensacola?
To comfortably afford the median home price of $268,527 with a 20% down payment ($53,705) at today's rates (6.8%), you'd need a gross annual income of approximately $71,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Pensacola compare to the national average home price?
The national median home value is approximately $410,000. At $268,527, homes in Pensacola are 35% below the national average.
What metro area is Pensacola part of?
Pensacola is part of the Pensacola-Ferry Pass-Brent, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.