Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$308,972+1.6% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 17% have cut their price
Income needed to buy, per year$66,979About 0.9× the local median income ($75,121): affordable for a typical household
Days on market75 daysAbout the same pace as a year ago
Next 12 months+0.8%Zillow expects prices to rise slightly
The typical home in Pensacola-Ferry Pass-Brent, FL is worth $308,972, up 1.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $280,637, so the area is 10.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 75 days to sell, listings are down 8% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 0.8% over the next year. A household needs about $66,979 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,121. Typical rent is $1,735 a month, or $1,958 for a house. In the latest IRS figures, 4,731 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$308,972
Change in 1 year
+1.6%
Overvalued %
+10.1%
Show 7 more
Fair home value
$280,637
Change in 5 years
+17.9%
Zillow forecast, next 12 months
+0.8%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,674
Income needed to afford it
$66,979
Property tax rate
0.58%
Rent and investing
Typical rent
$1,735
Typical rent for houses
$1,958
Price-to-rent ratio
14.8×
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HUD Fair Market Rent, 2 bedrooms
$1,548
Gross rental yield
6.74%
Cap rate (estimate)
4.38%
Market activity
Listings vs a year ago
−8.0%
Days on market
75
Listings with a price cut
16.9%
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Homes for sale
2,849
Pending sales per 100 listings
38
Asking price per sq ft
$202
People and jobs
Median household income
$75,121
Population change (1 year)
+0.9%
Unemployment rate
5.3%
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Population
544,949
Income adjusted for cost of living
$76,889
Net moves in (IRS)
+4,731
Cost of living (US = 100)
97.7
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
92.7
Unhealthy air days a year
1
Show 4 more
Flood risk score
82.9
Wildfire risk score
82.1
Walkability (1 to 20)
8.5
Road, rail and air noise
54 dB
Questions people ask
Is Pensacola-Ferry Pass-Brent, FL overvalued?
Home prices in Pensacola-Ferry Pass-Brent, FL are well above what local incomes have historically supported: fair value is about $280,637, so the area is 10.1% overvalued.
Is Pensacola-Ferry Pass-Brent, FL a buyer's or seller's market?
Pensacola-Ferry Pass-Brent, FL is a balanced market, leaning toward sellers: homes take about 75 days to sell, listings are down 8% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Pensacola-Ferry Pass-Brent, FL?
Home values in Pensacola-Ferry Pass-Brent, FL are up 1.6% over the last year. Zillow's forecast for the next 12 months is +0.8%.
How much do you need to earn to buy a home in Pensacola-Ferry Pass-Brent, FL?
A household needs about $66,979 a year to afford the typical home in Pensacola-Ferry Pass-Brent, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,121.