Pensacola, FL has a median housing value of $240,000, which is lower than the US median house value of $338,100. Despite this fact, Pensacola is experiencing an outstanding appreciation rate of 14.18%, compared to the US appreciation rate of 8.27%. This means that homeowners in Pensacola are enjoying a higher return on their investments than those who own homes in other parts of the country. It's no surprise that many people are choosing to buy or invest in real estate in Pensacola as it offers great potential for growth and profit.
The median home cost in Pensacola is $240,000. Home appreciation the last 10 years has been 133.7%. Home Appreciation in Pensacola is up 20.1%.
Average Age of Homes
- The median age of Pensacola real estate is 46 years old
The Rental Market in Pensacola
- Renters make up 34.8% of the Pensacola population
- 1.7% of houses and apartments in Pensacola, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.