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These days, finding an affordable place to live in the Pensacola area can be challenging. Home prices in Pensacola are now at a median cost of $202,186, lower than the Oklahoma average of $210,566.
The average cost of rent is $827/mo in Pensacola, primarily driven by the current value of real estate in the Pensacola area. In Pensacola, 17.77% of households rent, and 51.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pensacola is $5,760 per month. Households that rent pay about 14.35% of their income on rent here. Pensacola’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Langley, OK: less expensive homes
- Strang, OK: less expensive homes
- Big Cabin, OK: equally priced homes
- Grand Lake Towne, OK: equally priced homes
- Spavinaw, OK: less expensive homes
- Ketchum, OK: equally priced homes
- Adair, OK: higher priced homes
- Disney, OK: less expensive homes
- Salina, OK: less expensive homes
- Cleora, OK: higher priced homes
Cities with Similar Populations
- Deerfield Center, MI: higher priced homes
- Everetts, NC: less expensive homes
- Enterprise, WV: less expensive homes
- Woodville, TN: less expensive homes
- Emmalena, KY: less expensive homes
- Emit, GA: higher priced homes
- Elderton, PA: less expensive homes
- Edwards, NY: less expensive homes
- East Tawakoni, TX: less expensive homes
- East Ringgold, OH: higher priced homes
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