Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pensacola, Florida.
Median Home Price
$285K
Population
54K
Avg Monthly Rent
$1,320
Property Tax Rate
0.86% *
* Property tax shown is the Florida state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Pensacola.
Pensacola vs Florida Median
The median home price in Pensacola is $285,000, which is 28% below the Florida state median of $395,000.
Mortgage Calculator — Pensacola, FL
Pre-filled with Pensacola median home price and Florida tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $285K home using Florida's 0.86% tax rate and $4,200/yr insurance.
5% Down
$2,424/mo
Down: $14,250
Loan: $271K
P&I: $1,711
Tax: $204
Insurance: $350
PMI: $158
10% Down
$2,325/mo
Down: $28,500
Loan: $257K
P&I: $1,621
Tax: $204
Insurance: $350
PMI: $150
20% Down (No PMI)
$1,995/mo
Down: $57,000
Loan: $228K
P&I: $1,441
Tax: $204
Insurance: $350
Income needed (28% rule): $86K/year with 20% down, $100K/year with 10% down.
Rent vs Buy in Pensacola
Rent
$1,320/mo
vs
Buy (10% down)
$2,325/mo
Price-to-rent ratio: 18.0 — A ratio between 15-20 means the rent vs buy decision in Pensacola depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Pensacola is $285,000, 28% below the Florida state median of $395,000. With a population of 53,887, Pensacola is a smaller market where home prices tend to be more accessible than in many parts of Florida.
Property taxes in Florida average 0.86% annually. This moderate property tax rate means a $285,000 home in Pensacola would carry roughly $204/month in property taxes. Homeowners insurance in Florida runs approximately $4,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Pensacola is $1,320/month. The price-to-rent ratio in Pensacola is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Pensacola presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Pensacola.