ZIP Code · FL

ZIP 32505

Part of Pensacola, FL

Pop. 27,877·Escambia County·615th most expensive ZIP in Florida

Median rent (all units)

$1,506/mo

Year-over-Year

+2.2%

Month-over-Month

Stable

vs US Median

-$426

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 32505 · $1,506

More affordable than 73% 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 32505 is 0.6% below its high of $1,515 in January 2026, at $1,506 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32505 changed +2.2% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

What a typical income covers

30% of the median household income ($44,783) is $1,120 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

3rd cheapest of 10 ZIP codes in Pensacola.

From Zillow's monthly rent index (ZORI) for ZIP 32505. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,072/yr

At $1,506/mo median

Location

CityPensacola

StateFL

CountyEscambia County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.2% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 32505 (Pensacola, FL) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 15.9% of residents hold a bachelor's degree or higher.

Population

27,877

Median income

$44,783

Median age

35.1

Renters

47.7%

Age distribution

28.2%

21.7%

20.7%

13%

16.4%

Under 1828.2%

18–3421.7%

35–5420.7%

55–6413%

65+16.4%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

36.1%

46.9%

White36.1%

Black46.9%

Hispanic11.4%

Asian1.4%

Other4.2%

Education (25+)

18.2%

33.9%

32%

15.9%

No HS diploma18.2%

HS diploma33.9%

Some college32%

Bachelor's+15.9%

Housing tenure

52.3%

47.7%

Owner52.3%

Renter47.7%

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

2023 vs 2026

How ZIP 32505 in Pensacola, FL has changed in 5 years

Rent

$1,341 → $1,506

up 12.3%

Income

$38,863 → $44,783

up 15.2%

Population

27,661 → 27,877

up 0.8%

Renter share

51.8% → 47.7%

-4.1 pts

Bachelor's+

12.7% → 15.9%

+3.2 pts

Median age

36.7 → 35.1

-1.6 yrs

The median rent in ZIP 32505 in Pensacola, FL stood at $1,341 in 2023 and currently runs about $1,506, reflecting a 12.3% increase over the period. Census figures show median household income at $44,783 today, compared with $38,863 five years earlier. Renters now make up 47.7% of households, compared with 51.8% five years ago. College-educated residents now make up 15.9% of adults here, versus 12.7% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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Local insights

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About renting in ZIP 32505

Last updated: October 17, 2026

ZIP code 32505 covers Pensacola, FL. The median rent here is $1,506/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 40% of local median household income ($44,783/yr), ZIP 32505 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32505?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,506/mo in ZIP 32505. The local median household income is $44,783/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32505?

Rent in ZIP 32505 has risen 2.2% over the past year as of September 2026. It sits 0.6% below its high of $1,515 in January 2026.

How does ZIP 32505 compare to other ZIPs in Florida?

ZIP 32505 is one of the more affordable among Florida ZIP codes for rent, ranking #615 of 656 at $1,506/mo. Over the year to September 2026, rent in ZIP 32505 changed +2.2%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.