ZIP 32507
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
March. Asking rents in ZIP 32507 usually run 1.3% below trend in March and 1.3% above it in July, about $48 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 32507 is 0.1% below its high of $1,855 in August 2026, at $1,854 as of September 2026.
Rent in ZIP 32507 changed +2.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 32507 rose 55.2% while median household income rose 50.3% ($48,939 to $73,540). Rent outpaced income.
Rent in ZIP 32507 is 56.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($73,540) is $1,839 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,670); a 3-bedroom is $2,220.
9th cheapest of 10 ZIP codes in Pensacola.
ZIP 32506, 4 miles away, rents for 17% less ($1,535/mo), about $3,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 32507. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 32507 (Pensacola, FL) is majority owner-occupied, 32.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 32507 in Pensacola, FL has changed in 5 years
Rent in ZIP 32507 in Pensacola, FL has increased 32.1% since 2021, going from about $1,403 per month to roughly $1,854 today. Census figures show median household income at $73,540 today, compared with $58,443 five years earlier. Rent outpaced income growth by roughly 6.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 33,615 to 32,226 between 2021 and 2024, a 4.1% change. About 34.6% of households rent today, against 38.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 28.7% to 32.9%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
Discussions about ZIP 32507
No discussions yet. Start the conversation.
Tips for renters in ZIP 32507
Last updated: October 17, 2026
ZIP code 32507 covers Pensacola, FL. The median rent here is $1,854/mo as of October 2026. A 1-bedroom rents for a median of $1,430/mo. A 2-bedroom rents for a median of $1,670/mo.
At 30% of local median household income ($73,540/yr), ZIP 32507 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 32507?
Is rent going up or down in ZIP 32507?
When is the cheapest time to rent in ZIP 32507?
Has rent outpaced income in ZIP 32507?
How does ZIP 32507 compare to other ZIPs in Florida?
How does ZIP 32507 compare to the rest of Pensacola?
At $1,854/mo, rent takes ~30% of ZIP 32507's median household income ($73,540/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.