Pensacola Metro Home Prices & Values

$126,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.9% 1-year change
  • 1.7% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Pensacola Metro is $126,600. Pensacola Metro home values have gone up 3.9% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Pensacola Metro is $93, which is lower than the Florida average of $119. The median price of homes currently listed in Pensacola Metro is $169,900 while the median price of homes that sold is $140,900. The median rent price in Pensacola Metro is $925, which is lower than the Florida median of $1,460.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Pensacola Metro is 9.0%, which is higher than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Pensacola Metro homeowners underwater on their mortgage is 27.4%, which is lower than Florida at 28.3%.

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Relative ZHVI
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Pensacola Metro Market Overview

Data through Feb 28, 2014
  • $126,600 ZHVI
  • 1.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $169,900 Median listing price
  • $140,900 Median sale price
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Pensacola Metro Market Health

Data through Feb 28, 2014
  • 0.5/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 119 Average of days on Zillow (Jan 31, 2014)
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Cities in Pensacola Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Gulf Breeze $222,200 Navarre $197,100 Molino $148,500
Cantonment $146,200 Milton $122,100 Pensacola $104,900
Mc David $101,100 Jay $96,300 Century $73,100

Listings & Sales

Data through Feb 28, 2014
  • $93 Median list price / sq ft
  • $81 Median sale price / sq ft
  • 31.8% Listings with price cut
30.6%
Sold below listing
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Pensacola Metro Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,018 Pensacola Metro
$1,403 Florida
$1,310 United States
  • No recent data Breakeven horizon
  • $925 Rent list price
  • $0.70 Rent list price / sq ft
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