Rental numbers for the Pensacola, FL metro
The typical home here runs -$830 a month at 7.78% with 25% down, breaking even at about 1.8%. 1 of 17 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.2%.
- Gross yield
- 6.8%
- typical home, Zillow
- Median ZIP yield
- 7.2%
- 17 ZIPs with full data
- Cash flow
- -$830/mo
- at 7.78%, 25% down
- Typical price
- $310,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,745/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
21 with published figures
| 32505Pensacola | $146,000 | $1,460 | 12.0% | 6.7% | +$25 | +1.6% |
| 32535Century | $204,000 | $1,450* | 8.5% | 4.3% | -$376 | n/a |
| 32534Pensacola | $238,000 | $1,656 | 8.4% | 4.4% | -$418 | +3.4% |
| 32583Milton | $291,000 | $1,941 | 8.0% | 4.3% | -$524 | +4.9% |
| 32526Pensacola | $281,000 | $1,796 | 7.7% | 3.9% | -$611 | +3.4% |
| 32503Pensacola | $296,000 | $1,881 | 7.6% | 4.0% | -$612 | +2.6% |
| 32506Pensacola | $246,000 | $1,544 | 7.5% | 3.6% | -$583 | +1.3% |
| 32501Pensacola | $265,000 | $1,660 | 7.5% | 3.8% | -$586 | +3.7% |
| 32502Pensacola | $337,000 | $2,074 | 7.4% | 4.1% | -$666 | +1.8% |
| 32571Pace | $328,000 | $1,967 | 7.2% | 3.7% | -$765 | +3.5% |
| 32570Milton | $278,000 | $1,652 | 7.1% | 3.5% | -$690 | +3.6% |
| 32514Pensacola | $261,000 | $1,537 | 7.1% | 3.3% | -$685 | +1.1% |
| 32533Cantonment | $326,000 | $1,900 | 7.0% | 3.5% | -$806 | n/a |
| 32504Pensacola | $271,000 | $1,469 | 6.5% | 2.8% | -$834 | +4.7% |
| 32565Jay | $281,000 | $1,450* | 6.2% | 2.6% | -$895 | n/a |
| 32566Navarre | $417,000 | $2,085 | 6.0% | 2.8% | -$1,263 | +2.8% |
| 32568Mc David | $293,000 | $1,450* | 5.9% | 2.6% | -$945 | n/a |
| 32507Pensacola | $379,000 | $1,846 | 5.9% | 2.6% | -$1,212 | +3.7% |
| 32563Gulf Breeze | $403,000 | $1,920 | 5.7% | 2.5% | -$1,332 | +2.7% |
| 32577Molino | $375,000 | $1,450* | 4.6% | 1.6% | -$1,510 | n/a |
| 32561Gulf Breeze | $684,000 | $2,604 | 4.6% | 2.0% | -$2,537 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.4%
- Rent, 12 months
- +2.5%
- Rent minus price growth
- +1.0 pts
- Property tax
- 0.57%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $260,193 | $1,483 |
| Aug 2022 | $308,632 | $1,616 |
| Aug 2023 | $311,164 | $1,642 |
| Aug 2024 | $314,879 | $1,682 |
| Aug 2025 | $305,712 | $1,703 |
| Aug 2026 | $310,111 | $1,745 |
Counties
- Escambia County, FL7.5% median yield
- Santa Rosa County, FL6.6% median yield
Tools
Questions
- Is the Pensacola, FL metro good for rental property?
- The typical home here runs -$830 a month at 7.78% with 25% down, breaking even at about 1.8%. 1 of 17 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.2%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Pensacola, FL metro have the highest rental yield?
- 32505 (Pensacola) at 12.0%, 32534 (Pensacola) at 8.4%, 32583 (Milton) at 8.0%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.