The housing market in the Pensacola-Ferry Pass-Brent, FL metro area is thriving. The median value of homes in this area is currently $281,900, well below the US median house value of $338,100. However, the 1 year appreciation rate for houses in this area is a robust 20.23%, significantly higher than the national average of 8.27%. This indicates that home values in this area are appreciating rapidly and that now may be a good time to invest in property here. Furthermore, these signs point to a strong local economy that is sure to further drive up housing prices in the future.
The median home cost in Pensacola-Ferry Pass-Brent Metro Area is $281,900. Home appreciation the last 10 years has been 133.7%. Home Appreciation in Pensacola-Ferry Pass-Brent Metro Area is up 20.1%.
Average Age of Homes
- The median age of Pensacola-Ferry Pass-Brent Metro Area real estate is 30 years old
The Rental Market in Pensacola-Ferry Pass-Brent Metro Area
- Renters make up 28.3% of the Pensacola-Ferry Pass-Brent Metro Area population
- 1.9% of houses and apartments in Pensacola-Ferry Pass-Brent Metro Area, 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.