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ZIP Code · FL

ZIP 32502

Pop. 4,231·Escambia County·380th most expensive ZIP in Florida
Median rent (all units)
$2,008/mo
Year-over-Year
+4.4%
Month-over-Month
-0.4%
vs US Median
+$43
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32502 · $2,008
More expensive than 61% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$24,096/yr
At $2,008/mo median
Location
StateFL
CountyEscambia County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.4% YoY, -0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 32502 (Pensacola, FL) is majority owner-occupied, 41.6% of residents hold a bachelor's degree or higher.

Population
4,231
Median income
$67,207
Median age
42.8
Renters
40%
Age distribution
15.1%
28%
21.2%
16%
19.8%
Under 1815.1%
18–3428%
35–5421.2%
55–6416%
65+19.8%
Gender
51.3%
48.7%
Male51.3%
Female48.7%
Race & ethnicity
54.3%
28.1%
White54.3%
Black28.1%
Hispanic7.1%
Asian0.9%
Other9.6%
Education (25+)
22.9%
28%
41.6%
No HS diploma7.5%
HS diploma22.9%
Some college28%
Bachelor's+41.6%
Housing tenure
60%
40%
Owner60%
Renter40%

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

2021 vs 2026

How ZIP 32502 in Pensacola, FL has changed in 5 years

Income
$60,113 → $67,207
up 11.8%
Population
3,799 → 4,231
up 11.4%
Renter share
48.3% → 40%
-8.3 pts
Bachelor's+
36.2% → 41.6%
+5.4 pts
Median age
39 → 42.8
+3.8 yrs

Household income in the area moved from $60,113 to $67,207 across the same window, up 11.8% versus 2021. The population has grown by 11.4% since 2021, moving from about 3,799 residents to roughly 4,231. Renters now make up 40% of households, compared with 48.3% five years ago. College-educated residents now make up 41.6% of adults here, versus 36.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 32502

About renting in ZIP 32502

Last updated: July 20, 2026

ZIP code 32502 covers Pensacola, FL. The median rent here is $2,008/mo as of July 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,450/mo.

At 36% of local median household income ($67,207/yr), ZIP 32502 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32502?

As of July 20, 2026, the median monthly rent in ZIP 32502 (Pensacola, FL) is $2,008. This is based on aggregated data from public sources and community submissions.

How does ZIP 32502 rent compare to the US average?

ZIP 32502's median rent of $2,008/mo is $43 (2%) above the US national median of $1,965/mo.

How does ZIP 32502 compare to other ZIPs in Florida?

ZIP 32502 falls in the middle range for Florida, ranking #380 out of 662 ZIPs at $2,008/mo.

How much income do you need to rent in ZIP 32502?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $2,008/mo in ZIP 32502. The local median household income is $67,207/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32502?

Rent in ZIP 32502 has increased 4.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 32502 an affordable place to rent?

ZIP 32502 is considered moderate for renters. At $2,008/mo, rent takes approximately 36% of the local median household income ($67,207/yr). The standard benchmark is 30%. ZIP 32502 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 32502 residents rent vs. own?

According to Census data, approximately 40% of ZIP 32502 households are renters, while 60% are owner-occupied. ZIP 32502 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32502 compare to the rest of Pensacola?

ZIP 32502 is pricier than Pensacola as a whole. At $2,008/mo, it's $351 above the Pensacola citywide median of $1,657/mo.

When was rent data for ZIP 32502 last updated?

Rent data for ZIP 32502 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $2,008/mo, rent takes ~36% of ZIP 32502's median household income ($67,207/yr). The standard benchmark is 30%.

ZIP 32502 36%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32502 (Pensacola, FL)

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