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City Report · FL

Pace

Pop. 26,282·194th most expensive in Florida·Pace rents are up 9.5% over the past year
Median rent (all units)
$1,968/mo
Year-over-Year
+9.5%
Month-over-Month
-1.3%
vs US Median
+$3
Falling (Monthly)
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Most AffordableMost Expensive
Pace · $1,968
More expensive than 57% of US cities · National median $1,965/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $1,968/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$79,000/yr
Local median income
$80,701/yr
Based on the 30%-of-income rule using Pace's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,170
1 BR
$1,310
2 BR
$1,540
3 BR
$2,060
4 BR+
$2,540
Research median
$1,540/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,616/yr
At $1,968/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.5% YoY, -1.3% MoM), not inventory.
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Demographics

Who lives here

Pace, FL is majority owner-occupied, has a large share of families with children, 31.3% of residents hold a bachelor's degree or higher.

Population
26,282
Median income
$80,701
Median age
37.7
Renters
17%
Age distribution
25.3%
20.4%
23.7%
19.3%
Under 1825.3%
18–3420.4%
35–5423.7%
55–6411.2%
65+19.3%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
84.5%
White84.5%
Black2.9%
Hispanic5.7%
Asian2.4%
Other4.5%
Education (25+)
28.4%
34.6%
31.3%
No HS diploma5.7%
HS diploma28.4%
Some college34.6%
Bachelor's+31.3%
Housing tenure
83%
17%
Owner83%
Renter17%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Pace, FL has changed in 5 years

Rent
$1,837 → $1,968
up 7.1%
Income
$67,500 → $80,701
up 19.6%
Population
23,527 → 26,282
up 11.7%
Renter share
18.6% → 17%
-1.6 pts
Bachelor's+
27.8% → 31.3%
+3.5 pts
Median age
38.7 → 37.7
-1.0 yrs

The median rent in Pace, FL stood at $1,837 in 2022 and currently runs about $1,968, reflecting a 7.1% increase over the period. Median household income rose from $67,500 to $80,701 between 2021 and 2024, a 19.6% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 11.7% since 2021, moving from about 23,527 residents to roughly 26,282. Renters now make up 17% of households, compared with 18.6% five years ago. College-educated residents now make up 31.3% of adults here, versus 27.8% in 2021. Taken together, the five-year picture in Pace, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Pace rent history (2015–2026) →
Salary vs rent

Can you afford rent in Pace on your salary?

At $1,968/mo, how Pace rent compares to typical pay (30% rule).

By apartment size

Pace rent by bedroom count

Median rent for each apartment size in Pace. Click any size for full breakdown.

Local insights

Tips for renters in Pace

About renting in Pace, FL

Last updated: July 20, 2026

The median rent in Pace is $1,968/mo as of July 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,540/mo. One-bedroom apartments average $1,310/mo and 3-bedroom units go for $2,060/mo.

At 29% of local median household income ($80,701/yr), Pace ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.5% over the past year.

FAQ

Frequently asked questions

Is Pace an affordable city for renters?

Pace is considered affordable for renters. At $1,968/mo, rent takes approximately 29% of the local median household income ($80,701/yr). The standard benchmark is 30%. Pace falls comfortably within that range.

How much income do you need to rent in Pace?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,968/mo in Pace. The local median household income is $80,701/yr, meaning the typical Pace household meets that threshold.

Is rent going up or down in Pace?

Rent in Pace has increased 9.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Pace rent compare to other cities in Florida?

Pace is one of the more affordable cities in Florida for rent, ranking #194 out of 288 tracked cities at $1,968/mo.

Which nearby cities are cheaper to rent in than Pace?

Several nearby cities have lower median rents than Pace ($1,968/mo): Cantonment ($1,619/mo), Pensacola ($1,657/mo), Milton ($1,825/mo).

What percentage of Pace residents rent vs. own?

According to Census data, approximately 17% of Pace households are renters, while 83% are owner-occupied. Pace leans toward homeownership, which can mean a smaller rental inventory.

How does Pace rent compare to the national average?

Pace's median rent of $1,968/mo is $3 (0%) above the US national median of $1,965/mo. Within Florida, it ranks #194 out of 288 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,968/mo, rent takes ~29% of Pace's median household income ($80,701/yr). The standard benchmark is 30%.

Pace 29%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Pace, FL

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