CALCMONEY // HOME AFFORDABILITY // FL // PENSACOLA
How much house can you afford in Pensacola? Based on local median home prices, current FL mortgage rates, and Pensacola property tax data.
$290,000
$1,871/mo
$80,191/yr
$165,155
Monthly housing costs of $1,871 represent 43.2% of Pensacola's median gross monthly income ($4,333/mo). At 43.2%, median-income buyers in Pensacola are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $290,000 |
| Down Payment (20%) | $58,000 |
| Loan Amount | $232,000 |
| Monthly PI Payment | $1,528 |
| Monthly Property Tax | $222 |
| Monthly Insurance Est. | $121 |
| Total Monthly PITI | $1,871 |
| Housing Cost % of Income | 43.2% |
| Required Income (28% rule) | $80,191/yr |
| Max Affordable Home | $165,155 |
$10,150
$2,384/mo
Pensacola Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $290,000 | Pensacola city median |
| Down Payment (20%) | $58,000 | Conventional loan |
| Monthly PITI | $1,871 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $80,191 | Annual gross |
| Max Affordable Home | $165,155 | Based on median income |
| FHA Down (3.5%) | $10,150 | Minimum FHA |
| Housing Cost % of Income | 43.2% | Median income: $52,000/yr |
| Property Tax Rate | 0.92% | $2,668/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Pensacola is $290,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $232,000, generating a monthly P&I payment of $1,528. Adding property taxes ($222/mo) and homeowners insurance ($121/mo) brings total monthly PITI to $1,871.
Pensacola's property tax rate of 0.92% is near the national average, adding a standard increment to monthly housing costs. On the Pensacola median home, that is $222/month, or $2,668 per year.
Florida has no state income tax, improving effective take-home pay for Pensacola residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Pensacola's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Pensacola's mortgage rate of 6.9% and property tax rate of 0.92%, that translates to a maximum affordable home price of approximately $165,155 with 20% down on a 30-year loan.
To afford the median Pensacola home priced at $290,000, you need an annual gross income of approximately $80,191. Total monthly housing costs (principal and interest of $1,528, property taxes of $222, and insurance of $121) come to $1,871/month, which equals 28% of the required income.
At the median home price of $290,000 and median household income of $52,000, the total monthly housing cost of $1,871 represents 43.2% of gross monthly income. This is well above the standard 28% threshold, making Pensacola a challenging market for buyers at median income.
A conventional 20% down payment on the median Pensacola home of $290,000 is $58,000. An FHA loan requires just 3.5% down — $10,150 — but adds mortgage insurance of roughly $198/month, bringing total FHA payments to $2,384/month.