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Home values, rents and more in ZIP code 32514 (Pensacola, FL)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$259,000
Metro: $309,000 · U.S.: $366,000
Home values, past year
+2.2%
Metro: +1.6% · U.S.: +1.2%
Typical rent
$1,497/mo
Metro: $1,735 · U.S.: $1,932
Rents, past year
+2.4%
Metro: +2.8% · U.S.: +2.9%
Population
42,447
ACS 2020–24
Median household income
$66,644
Metro: $75,967 · U.S.: $80,734
ZIP codes around 32514, shaded by typical home value325143253332583325263250332505325043253432501
  • Under $250k
  • $250k–$270k
  • $270k–$290k
  • $290k–$310k
  • $310k+
  • No data
ZIP codes around 32514, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 32514 is outlined.

How 32514 compares

The typical home in ZIP code 32514 (Pensacola, FL) is worth about $259,000, according to the Zillow Home Value Index for September 2026. Home values in 32514 are 16% below the typical value in the Pensacola metro area ($309,000) and 29% below the U.S. typical value ($366,000).

Over the past year, home values in 32514 rose 2.2%, compared with +1.6% in the Pensacola metro area and +1.2% nationally.

Typical rent is $1,497 a month (Zillow Observed Rent Index), 14% below the Pensacola metro area ($1,735) and 23% below the U.S. ($1,932). Rents rose 2.4% over the past year.

The median household income is $66,644, against $75,967 in the Pensacola metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 42,447 people live in 32514 (American Community Survey 2020–24).

32514 has the 5th-lowest typical home value of the 21 ZIP codes in the Pensacola metro area and the 173rd-lowest of 924 in Florida with Zillow figures.

Part of: Pensacola, FL · Escambia County, FL · Pensacola metro area · Florida

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These measures are on the map for subscribers. Open ProMap to see them for 32514 and every other place.

  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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