Pensacola, FL home prices
Typical home $308,972 · +1.6% in a year · income needed $84,300
The Pensacola, FL metro area ranks 303 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.6% in a year and +17.9% over five years. With 20% down at 7.11%, the typical home costs about $1,967 a month including 0.58% property tax (Escambia County rate).
Mortgage on the typical Pensacola home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $61,794 | $247,178 | $1,663 | $0 | $304 | $1,967 | $84,300 |
| 10% down | $30,897 | $278,075 | $1,871 | $116 | $304 | $2,291 | $98,200 |
| 5% down | $15,449 | $293,524 | $1,975 | $122 | $304 | $2,401 | $102,900 |
| 3.5% down (FHA) | $10,814 | $303,376 | $2,041 | $137 | $304 | $2,482 | $106,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.58% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Pensacola area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Escambia County, FL | $280,027 | +1.4% | 0.58% |
| Santa Rosa County, FL | $350,823 | +1.5% | 0.57% |
What can you afford in Florida on your salary? · Florida home prices · Salaries in Florida
Frequently asked questions
How much is a house in Pensacola?
The typical home in the Pensacola, FL metro area is worth $308,972 (Zillow, September 2026).
What salary do you need to buy a house in Pensacola?
About $84,300 a year for the typical home with 20% down at 7.11%.