Pensacola, Florida

Escambia County Real Estate - Pensacola

Pensacola is in North West Florida. It's population as recorded in the 2010 Census was 51,923.

The median age for residents of Pensacola is 42.6. Around 23.7% of Pensacola households include school aged children and 29.6% of households include individuals aged 65 years or over. Census records indicate 66.3% of the Pensacola population are White, 27.9% are Black or African American, .5% American Indian, 1.9% Asian and 2.3% are Two or more Races.

There are 26,848 housing units in Pensacola. 3,256 (12.1%) of these were reported as vacant in the 2010 Census. There are 10,359 residential rental units in Pensacola. 9,052 of them were occupied in 2010 providing a residential rental vacancy rate of 12.2%.

Pensacola links:

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Pensacola is located in Escambia County. It has a population of approximately 51,923 people. The population increased 0.8% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 1.7% for Escambia County and a 1.7% increase for the country as a whole. Pensacola occupies 22.54 of the 656.46 square miles in Escambia County. It had a population density of 2303.5 persons per square mile in 2010. This compared to 453.4 for the county, 350.6 for Florida and 87.4 for the country.

19.7% ( 26,848) of the 136,551 housing units in Escambia County are in Pensacola (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Pensacola has a 63.5% homeownership rate compared to Escambia County's 67.3% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Escambia County 297,619 $8,505 1.7% $43,707 136,551 $145,000
Pensacola 51,923 $2,1420.8%$44,628 26,848$165,800

Pensacola's medium household income in 2011 was $44,628. Escambia County's medium household income was $43,707, which is lower than the medium income for Florida as a whole: $47,827. 16.3% of the population in Pensacola lives below the poverty line, compared to 14.7% in Florida, 16.9% of the population in Escambia County and 14.3% nationwide. Additional Information:

Pensacola Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Pensacola. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $2,142 million, Pensacola's economic activity represents 25.18% of Escambia County's $8,505MM in economic activity. Escambia County represents 1.35% of the Florida economy.

Pensacola Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $301 14.0%
Merchant wholesaler sales $472 22.1%
Retail sales $1,160 54.2%
Accommodation and food services sales $209 9.7%
Total $2,142100%

Escambia County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Pensacola 51,923 $2,1420.8%$44,628 26,848$165,800

Escambia County is located in Northwest Florida. This region is responsible for 4.6% of Florida's economic activity. Escambia County represents 29.5% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Escambia County 297,619 $8,505 1.7% $43,707 136,551 $145,000
Santa Rosa County 151,372 $1,467 4.7% $55,913 65,728 $173,400
Okaloosa County 180,822 $4,417 5.1% $54,140 92,394 $196,800
Walton County 55,043 $1,223 4.6% $46,926 45,682 $174,000
Holmes County 19,927 $81 -0.6% $33,510 8,649 $86,800
Jackson County 49,746 $836 -1.6% $39,869 21,011 $97,200
Washington County 24,896 $195 0.0% $37,036 10,864 $96,600
Bay County 168,852 $4,852 1.8% $48,225 99,828 $168,400
Calhoun County 14,625 $74 0.7% $31,142 6,069 $80,200
Liberty County 8,365 $28 -1.1% $40,893 3,362 $80,600
Gulf County 15,863 $95 -0.9% $41,291 9,148 $150,600
Franklin County 11,549 $130 1.2% $37,017 8,665 $170,100
Gadsden County 46,389 $1,106 -2.6% $33,453 19,561 $109,000
Leon County 275,487 $5,470 3.0% $45,827 124,701 $195,300
Jefferson County 14,761 $139 -3.4% $42,096 6,727 $125,000
Wakulla County 30,776 $195 0.1% $54,151 12,721 $136,900
Total 1,400,233 $28,814 0.8% $42,825 671,661 $136,619

Pensacola Real Estate

There are 105,028 properties in Pensacola. The following table shows a summary of them based on 2014 sales data.

Pensacola Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 171 0.16 0n/an/an/an/a
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 1,077 1.03 1 $130,000 $18April 1st, 2014April 1st, 2014
Health Care 29 0.03 1 $90,000 $13January 1st, 2014January 1st, 2014
Hotel & Motel 1,405 1.34 5 $319,000 $84March 1st, 2014June 1st, 2014
Industrial 759 0.72 12 $102,500 $16February 1st, 2014July 1st, 2014
Miscellaneous Property 320 0.30 0n/an/an/an/a
Mobile/Manufactured 3,938 3.75 82 $19,950 $19January 1st, 2014July 1st, 2014
Multifamily 1,991 1.90 71 $73,200 $27January 1st, 2014September 1st, 2014
Office 1,598 1.52 35 $150,000 $60January 1st, 2014July 1st, 2014
Residential 89,560 85.27 2,994 $87,500 $53January 1st, 2014August 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 3,186 3.03 68 $170,000 $47January 1st, 2014July 1st, 2014
Senior Housing 39 0.04 1 $5,110,000 $168March 1st, 2014March 1st, 2014
Special Purpose 823 0.78 15 $60,300 $23January 1st, 2014August 1st, 2014
Sports & Entertaining 132 0.13 4 $130,000 $42January 1st, 2014July 1st, 2014

Agricultural Real Estate in Pensacola, Florida

171( .16%) of the properties in Pensacola are classified as Agricultural.

Commercial Real Estate in Pensacola, Florida

0( .00%) of the properties in Pensacola are classified as Commercial.

Government Real Estate in Pensacola, Florida

1,077( 1.03%) of the properties in Pensacola are classified as Government. 1 of them sold between April 1st, 2014 and April 1st, 2014. The total value of these sales was $130,000. The median sales price was $130,000. In 2014 the median sales price for Government Property in Pensacola was $18 per sq ft.

Health Care Real Estate in Pensacola, Florida

29( .03%) of the properties in Pensacola are classified as Health Care. 1 of them sold between January 1st, 2014 and January 1st, 2014. The total value of these sales was $90,000. The median sales price was $90,000. In 2014 the median sales price for Health Care in Pensacola was $13 per sq ft.

Hotel & Motel Real Estate in Pensacola, Florida

1,405( 1.34%) of the properties in Pensacola are classified as Hotel & Motel. 5 of them sold between March 1st, 2014 and June 1st, 2014. The total value of these sales was $5,199,100. The median sales price was $319,000. In 2014 the median sales price for Hotel & Motel in Pensacola was $84 per sq ft.

Industrial Real Estate in Pensacola, Florida

759( .72%) of the properties in Pensacola are classified as Industrial. 12 of them sold between February 1st, 2014 and July 1st, 2014. The total value of these sales was $7,921,100. The median sales price was $102,500. In 2014 the median sales price for Industrial in Pensacola was $16 per sq ft.

Miscellaneous Real Estate in Pensacola, Florida

320( .30%) of the properties in Pensacola are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Pensacola, Florida

3,938( 3.75%) of the properties in Pensacola are classified as Mobile/Manufactured. 82 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $2,937,200. The median sales price was $19,950. In 2014 the median sales price for A Class Mobile/Manufactured in Pensacola was $45 per sq ft, B Class properties sold for $19/ft and C Class $6/ft.

Multifamily Real Estate in Pensacola, Florida

1,991( 1.90%) of the properties in Pensacola are classified as Multifamily. 71 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $34,294,900. The median sales price was $73,200. In 2014 the median sales price for A Class Multifamily in Pensacola was $49 per sq ft, B Class properties sold for $27/ft and C Class $9/ft.

Office Real Estate in Pensacola, Florida

1,598( 1.52%) of the properties in Pensacola are classified as Office. 35 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $8,136,700. The median sales price was $150,000. In 2014 the median sales price for A Class Office in Pensacola was $127 per sq ft, B Class properties sold for $60/ft and C Class $13/ft.

Residential Real Estate in Pensacola, Florida

89,560( 85.27%) of the properties in Pensacola are classified as Residential. 2,994 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $607,351,019. The median sales price was $87,500. In 2014 the median sales price for A Class Residential in Pensacola was $117 per sq ft, B Class properties sold for $53/ft and C Class $14/ft.

Residential Real Estate in Pensacola, Florida

0( .00%) of the properties in Pensacola are classified as Residential.

Retail Real Estate in Pensacola, Florida

3,186( 3.03%) of the properties in Pensacola are classified as Retail. 68 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $32,213,914. The median sales price was $170,000. In 2014 the median sales price for A Class Retail in Pensacola was $130 per sq ft, B Class properties sold for $47/ft and C Class $12/ft.

Senior Housing Real Estate in Pensacola, Florida

39( .04%) of the properties in Pensacola are classified as Senior Housing. 1 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $5,110,000. The median sales price was $5,110,000. In 2014 the median sales price for Senior Housing in Pensacola was $168 per sq ft.

Special Purpose Real Estate in Pensacola, Florida

823( .78%) of the properties in Pensacola are classified as Special Purpose. 15 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $3,856,400. The median sales price was $60,300. In 2014 the median sales price for Special Purpose in Pensacola was $23 per sq ft.

Sports & Entertaining Real Estate in Pensacola, Florida

132( .13%) of the properties in Pensacola are classified as Sports & Entertaining. 4 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $509,000. The median sales price was $130,000. In 2014 the median sales price for Sports & Entertaining in Pensacola was $42 per sq ft.

Pensacola, Escambia County Market Data

Pensacola Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 162 233,956
Government Property 458 9,034,747
Health Care 24 3,293,692
Hotel & Motel 803 2,888,984
Industrial 706 12,887,896
Land 14,679 1,090,535
Miscellaneous Property 316 2,230,616
Mobile/Manufactured 3,716 3,991,860
Multifamily 2,025 17,752,734
Office 1,526 10,803,427
Residential 89,735 162,269,744
Retail 2,734 25,751,474
Senior Housing 35 1,524,142
Special Purpose 753 9,779,753
Sports & Entertaining 123 1,441,988

Pensacola Median Property Values per Sq Ft

Pensacola Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $82$8 $30$5 $21$4
Auto sales, auto repair and storage or auto service shop 2016 $210$13 $58$7 $22$3
Bowling alley, skating rink, pool hall or enclosed arena 2016 $127$12 $68$6 $68$4
Cannery, fruit and vegetable, bottler or brewers, distillery or winery 2016 $72$5 $38$3 $23$2
Church 2016 $82$8 $30$5 $21$4
Club, lodge or union hall 2016 $82$8 $30$5 $21$4
College 2016 $14$13 $14$7 $14$4
Community Shopping Center 2016 $210$13 $58$7 $22$3
Condominium 2016 $291$16 $182$16 $65$16
County Owned 2016 $14$13 $14$7 $14$4
Cropland soil capability Class I 2016 $72$24 $38$13 $23$10
Cropland soil capability Class II 2016 $72$24 $38$13 $23$10
Cropland soil capability Class III 2016 $72$24 $38$13 $23$10
Cultural organization, facility 2016 $55$8 $41$5 $41$4
Department Store 2016 $210$13 $58$7 $22$3
Drive-in Restaurant 2016 $210$13 $58$7 $22$3
Enclosed theater or auditorium 2016 $210$12 $58$6 $22$4
Federal Owned 2016 $14$13 $14$7 $14$4
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $210$13 $58$7 $22$3
Florist or greenhouse 2016 $210$13 $58$7 $22$3
Food processing 2016 $72$5 $38$3 $23$2
Forest, park or recreational area 2016 $55$13 $41$7 $41$4
Golf course or driving range 2016 $127$12 $68$6 $68$4
Grazing land soil capability Class I 2016 $923$24 $121$13 $102$10
Grazing land soil capability Class II 2016 $923$24 $121$13 $102$10
Heavy industrial 2016 $72$5 $38$3 $23$2
Home for the aged 2016 $82$10 $30$8 $21$7
Hospital 2016 $14$13 $14$7 $14$4
Hotel or motel 2016 $264$33 $39$33 $31$33
Improved agricultural 2016 $72$24 $38$13 $23$10
Leasehold interests (government owned property leased by a non-governmental lessee) 2016 $14$15 $14$8 $14$4
Light manufacturing 2016 $72$5 $38$3 $23$2
Lumber yard, sawmill or planing mill 2016 $72$5 $38$3 $23$2
Military 2016 $55$13 $41$7 $41$4
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $72$5 $38$3 $23$2
Miscellaneous Residential (migrant camp or boarding home.) 2016 $264$33 $39$33 $31$33
Mixed use - store and office or store and residential or residential combination 2016 $210$13 $58$7 $22$3
Mobile Home 2016 $44$6 $25$6 $15$6
Mortuary, cemetery or crematorium 2016 $82$8 $30$5 $21$4
Multi-family - 10 units or more 2016 $711$6 $43$5 $27$4
Multi-family - less than 10 units 2016 $711$6 $43$5 $27$4
Municipal Owned 2016 $14$13 $14$7 $14$4
Nightclub, cocktail lounge or bar 2016 $127$12 $68$6 $68$4
Office building, non-professional service building, multi-story 2016 $123$14 $75$10 $45$7
Office building, non-professional service building, one story 2016 $114$14 $67$10 $37$7
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $72$5 $38$3 $23$2
Orchard Groves, Citrus, etc. 2016 $923$24 $121$13 $102$10
Orphanage, other non-profit or charitable services 2016 $82$8 $30$5 $21$4
Poultry, bees, tropical fish, rabbits, etc. 2016 $923$24 $121$13 $102$10
Private school or college 2016 $82$8 $30$5 $21$4
Privately owned hospital 2016 $82$13 $30$9 $21$7
Professional service building 2016 $123$14 $75$10 $45$7
Public county school 2016 $14$13 $14$7 $14$4
Race track: horse, auto or dog 2016 $127$12 $68$6 $68$4
Regional Shopping Center 2016 $210$13 $58$7 $22$3
Repair service shop (excluding automotive) 2016 $210$13 $58$7 $22$3
Restaurant, cafeteria 2016 $210$13 $58$7 $22$3
Retirement Home not eligible for exemption. 2016 $25$10 $25$8 $25$7
Sanitarium or convalescent rest home 2016 $55$13 $41$9 $41$7
Service station 2016 $210$13 $58$7 $22$3
Single Family 2016 $103$16 $65$16 $33$16
State Owned 2016 $14$13 $14$7 $14$4
Store, one story 2016 $246$13 $61$7 $32$3
Supermarket 2016 $210$13 $58$7 $22$3
Timberland - site index 50 to 59 2016 $923$24 $121$13 $102$10
Timberland - site index 60 to 69 2016 $923$24 $121$13 $102$10
Timberland - site index 70 to 79 2016 $923$24 $121$13 $102$10
Timberland - site index 80 to 89 2016 $923$24 $121$13 $102$10
Timberland - site index 90 and above 2016 $72$24 $38$13 $23$10
Timberland not classified by site index to Pines 2016 $923$24 $121$13 $102$10
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $127$12 $68$6 $68$4
Utility 2016 $70$15 $70$8 $70$4
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $72$5 $38$3 $23$2
Wholesale outlet, produce house or manufacturing outlet 2016 $210$13 $58$7 $22$3