Pensacola, FL Rental Market Analysis

Updated March 2026 · Population: 55,480 · Data for rental property investors

Median Home Price
$275,000
Median Rent
$1,300/mo
Avg Cap Rate
6%
Avg Cash on Cash
7.2%
Home Price Growth
+4% YoY
Rent Growth
+3.5% YoY
Vacancy Rate
5.5%
Property Tax Rate
0.9%

Sample Deal: Median Pensacola Rental Property

Purchase Price
$275,000
Down Payment (25%)
$68,750
Monthly Rent
$1,300/mo
Est. Monthly Mortgage
$1,304/mo
NOI (Annual)
$10,067
DSCR
0.64

* Based on 25% down, 6.5% interest, 30-year term. Includes taxes, insurance, and vacancy allowance. Does not include maintenance, management, or capital expenditures.

Why Invest in Pensacola?

Military base + Navy Federal Credit Union HQ + no state income tax + beach lifestyle. Pensacola attracts both military personnel and civilian remote workers looking for coastal living at Gulf Coast prices.

Major Employers in Pensacola

Understanding the local employment base is critical for evaluating rental demand stability. Pensacola's economy is anchored by:

NAS PensacolaBaptist HealthAscension Sacred HeartNavy Federal Credit UnionUniversity of West Florida

Best Neighborhoods for Rental Investors

East Hill
North Hill
Cordova Park
Ferry Pass
Pace

Top Zip Codes for Investors

3250132502325033250432505

Investor Tip: Pensacola

NAS Pensacola (the 'Cradle of Naval Aviation') and Navy Federal Credit Union's HQ create strong stable demand. No state income tax. Insurance costs are high due to hurricane exposure — factor $2,000+/yr.

Analyze Your Pensacola Deal

Use becvio's free calculators to run the numbers on any Pensacola property.

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What Is Cap Rate?·Understanding NOI·DSCR Explained·Cash on Cash Return·Rental Property Analysis Guide