West Pensacola, Florida Housing Market Prices
West Pensacola Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 36% below the Florida median$200,616
-
Median rent 31% below the Florida median$1,150
Housing Market Overview
| Metric | West Pensacola | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,616 | $311,338 | $248,835 |
| Price Trend (Annual %) | 22.9% | 11.2% | 7.5% |
| Median Gross Rent | $1,150 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Pensacola is about 36% lower than in Florida. Rent is about 31% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in West Pensacola, up about 22.9% and 4.4% a year respectively. Home prices are changing faster.
Median rent in West Pensacola rose about 40.8% between 2015 and 2024, from $816 to $1,150. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in West Pensacola.
Buying the median-priced home in West Pensacola costs roughly 14.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in West Pensacola. The price-to-rent ratio in Florida is about 15.6.
| Metric | West Pensacola | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,616 | $311,338 | $248,835 |
| Median Household Income | $40,639 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in West Pensacola rose about 321.6%, while median household income rose about 38.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | West Pensacola | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.6% | 57.7% | 58.5% |
| Rental Rate | 42.5% | 27.7% | 31.2% |
| Vacancy Rate | 16.9% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
West Pensacola has a homeownership rate of 40.6%, lower than the Florida average of 57.7%. Its housing vacancy rate is 16.9%, compared with 14.6% in Florida.
Housing Stock
| Metric | West Pensacola | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1962 | 1988 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in West Pensacola was built around 1962. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
West Pensacola, FL Housing Compared With Nearby Cities
How West Pensacola, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| West Pensacola, FL | 20,455 | $200,616 #2/3 | $1,150 #3/3 | 48.9% #3/3 |
| Brent, FL | 21,878 | $209,515 | $1,175 | 55.8% |
| Bellview, FL | 23,388 | $159,942 | $1,307 | 68.8% |
Frequently Asked Questions
Common questions about the housing market in West Pensacola, Florida.
What is the median home price in West Pensacola, Florida?
The median home price in West Pensacola, Florida is $200,616, lower than the Florida average of $311,338.
What is the average home price in West Pensacola, Florida?
The typical home price in West Pensacola, Florida, reported as the median sale price, is $200,616. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in West Pensacola, Florida?
The median gross rent in West Pensacola, Florida is $1,150 per month, lower than the Florida average of $1,668.
What was the median gross rent in West Pensacola in 2020?
In 2020, the median gross rent in West Pensacola, Florida was $916 per month.
What is the price-to-rent ratio in West Pensacola, Florida?
The price-to-rent ratio in West Pensacola, Florida is about 14.5, meaning it would take roughly 14.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in West Pensacola.
Are home prices or rent rising faster in West Pensacola, Florida?
Both home prices and rent are rising in West Pensacola, up about 22.9% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in West Pensacola, Florida?
40.6% of households in West Pensacola, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in West Pensacola, Florida?
The housing vacancy rate in West Pensacola, Florida is 16.9%, higher than the Florida average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →