ZIP Code Market Report
32514 — Pensacola, FL
Data through February 2026 · Updated monthly
Avg Home Value
$255,683
▼ 0.1% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$259,210
Condo / Co-op
$133,542
The average home value in the 32514 ZIP code (Pensacola, FLORIDA) is $255,683 as of February 2026. Home prices are stable, down 0.1% compared to last year.
A 3-bedroom home in 32514 is valued at $256,974. Single-family homes average $259,210, while condos average $133,542.
The market in 32514 has a $163,832 spread between bottom-tier homes at $182,008 and top-tier homes at $345,840. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 32514 ZIP code will increase 0.5% over the next 12 months, bringing the projected average to approximately $256,961. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Santa Rosa County market area in FLORIDA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Santa Rosa County report.
Free Home Value Estimate
What's your home worth in 32514 (Pensacola)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
32514 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $256,498 | $256,069 | $255,683 | ▼ 0.3% |
| Single Family Value | $257,623 | $258,303 | $259,210 | ▲ 0.6% |
Home Values
32514 Home Value Trend
Historical home values for ZIP code 32514. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 32514
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $162,635 |
| 3 Bedrooms | $256,974 |
| 4 Bedrooms | $340,617 |
Property Types
Home Values by Property Type in 32514
How different property types compare in this ZIP code.
All Homes
$255,683
Single Family
$259,210
Condo / Co-op
$133,542
Bottom Tier
$182,008
Top Tier
$345,840
Forecast
12-Month Home Value Forecast for 32514
Zillow projects home values in 32514 will increase 0.5% over the next year, reaching approximately $256,961.
Current Value
$255,683
Projected Change
+0.5%
▲ 0.5%
Projected Value
$256,961
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 32514 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Pensacola?
Run your ARV and MAO instantly with live market data