ZIP Code · FL

ZIP 32501

Part of Pensacola, FL

Pop. 11,036·Escambia County·596th most expensive ZIP in Florida

Median rent (all units)

$1,546/mo

Year-over-Year

+6.8%

Month-over-Month

+2.1%

vs US Median

-$386

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 32501 · $1,546

More affordable than 70% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,100

1 BR

$1,230

2 BR

$1,450

3 BR

$1,940

4 BR+

$2,380

Research median

$1,450/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 32501 is at its highest level since Zillow's records here began in July 2022.

Past year vs. the rest of Florida

Rent in ZIP 32501 changed +6.8% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($44,139) is $1,103 a month. That covers HUD's Fair Market Rent for up to a studio ($1,100); a 1-bedroom is $1,230.

Rank in Pensacola

5th cheapest of 10 ZIP codes in Pensacola.

From Zillow's monthly rent index (ZORI) for ZIP 32501. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,552/yr

At $1,546/mo median

Location

CityPensacola

StateFL

CountyEscambia County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.8% YoY, +2.1% MoM), not inventory.

Demographics

Who lives here

ZIP 32501 (Pensacola, FL) is roughly split between renters and owners, has a median income below the national average, 27.9% of residents hold a bachelor's degree or higher.

Population

11,036

Median income

$44,139

Median age

39.1

Renters

49%

Age distribution

18.1%

24.8%

26.7%

19.2%

Under 1818.1%

18–3424.8%

35–5426.7%

55–6411.4%

65+19.2%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

43%

45.3%

White43%

Black45.3%

Hispanic5.2%

Asian1%

Other5.6%

Education (25+)

13.3%

30.1%

28.7%

27.9%

No HS diploma13.3%

HS diploma30.1%

Some college28.7%

Bachelor's+27.9%

Housing tenure

51%

49%

Owner51%

Renter49%

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

2023 vs 2026

How ZIP 32501 in Pensacola, FL has changed in 5 years

Rent

$1,274 → $1,546

up 21.4%

Income

$32,541 → $44,139

up 35.6%

Population

10,985 → 11,036

up 0.5%

Renter share

54.3% → 49%

-5.3 pts

Bachelor's+

26.5% → 27.9%

+1.4 pts

Median age

38 → 39.1

+1.1 yrs

Rent in ZIP 32501 in Pensacola, FL has increased 21.4% since 2023, going from about $1,274 per month to roughly $1,546 today. Household income in the area moved from $32,541 to $44,139 across the same window, up 35.6% versus 2021. Income growth outran rent by about 14.2 percentage points, easing the affordability math somewhat compared with 2021. About 49% of households rent today, against 54.3% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 32501 in Pensacola, FL look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 32501

Last updated: October 17, 2026

ZIP code 32501 covers Pensacola, FL. The median rent here is $1,546/mo as of October 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,450/mo.

At 42% of local median household income ($44,139/yr), ZIP 32501 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32501?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,546/mo in ZIP 32501. The local median household income is $44,139/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32501?

Rent in ZIP 32501 has risen 6.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in July 2022.

How does ZIP 32501 compare to other ZIPs in Florida?

ZIP 32501 is one of the more affordable among Florida ZIP codes for rent, ranking #596 of 656 at $1,546/mo. Over the year to September 2026, rent in ZIP 32501 changed +6.8%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.