ZIP Code 32502 — Pensacola, FL Home Prices (2026)

The typical home in ZIP 32502 (Pensacola, Florida) is worth about $334,000 at roughly $360 per square foot — 24% more expensive than the Pensacola median and 14% more expensive than the typical U.S. home.

$334,000

Typical home value

$360

Price per sq ft

#2 of 10

Pensacola ZIPs by value

+24%

vs Pensacola median

How 32502 compares

ZIP 32502 is one of the pricier ZIP codes in Pensacola: its typical home value of $334,000 ranks #2 of the 10 Pensacola ZIP codes we track (the citywide range runs from $145,000 in 32505 to $370,000 in 32507). Per square foot it costs about $360, against $178 for Pensacola as a whole, $229 for Florida, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 32502	$334,000	$360
Pensacola, FL	$269,500	$178
Florida	$349,000	$229
United States	$294,000	$195

Home value by size in 32502

Using this ZIP’s rate of about $360 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$360,000
1,500 sq ft	$540,000
2,000 sq ft	$720,000
2,500 sq ft	$900,000
3,000 sq ft	$1,080,000

Salary needed to buy a home in ZIP 32502

To buy the typical $334,000 home in ZIP 32502 with 20% down, you need a household income of roughly $91,000 a year (about $2,120 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $108,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$16,700	$2,640/mo	$113,000/yr
10% (+PMI)	$33,400	$2,520/mo	$108,000/yr
20%	$66,800	$2,120/mo	$91,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 32502

At about $360 per square foot, here is roughly how much home different budgets get you in ZIP 32502:

Budget	Approx. size	What that looks like locally
$200k	560 sq ft	below the local median — condos, smaller or older homes
$250k	690 sq ft	below the local median — condos, smaller or older homes
$300k	830 sq ft	around the typical home here
$400k	1110 sq ft	around the typical home here
$500k	1390 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 32502 home.

Estimate a specific home in 32502

The estimator below is pre-set to ZIP 32502 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Pensacola ZIP codes by home value

Where 32502 sits among Pensacola’s 10 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	32507	$370,000	$291
2	32502 (this page)	$334,000	$360
3	32503	$297,000	$228
4	32526	$283,000	$178
5	32504	$272,000	$172
6	32501	$267,000	$255
7	32514	$262,000	$177
8	32506	$247,000	$163
9	32534	$240,000	$166
10	32505	$145,000	$144

ZIP 32502 home prices: frequently asked

What is the average home price in ZIP code 32502? +

The typical home in ZIP 32502 (Pensacola, FL) is worth about $334,000 as of 2026. That is 24% more expensive than the Pensacola median of $269,500 and 14% more expensive than the U.S. median of $294,000.

What is the price per square foot in 32502? +

About $360 per square foot in 32502, versus $178 across Pensacola and $229 across Florida. At that rate a 1,500 sq ft home runs roughly $540,000 and a 2,500 sq ft home about $900,000.

What salary do you need to buy a house in ZIP 32502? +

For the typical $334,000 home in ZIP 32502, a household income of about $91,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $108,000; with 5% down about $113,000.

Is 32502 an expensive ZIP code? +

Within Pensacola, 32502 ranks #2 of 10 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Pensacola. Nationally it is about average.

See the full Pensacola home values page, all Florida cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.