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ZIP Code · FL

ZIP 32514

Pop. 42,447·Escambia County·614th most expensive ZIP in Florida
Median rent (all units)
$1,554/mo
Year-over-Year
+7.7%
Month-over-Month
+1.6%
vs US Median
-$411
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 32514 · $1,554
More affordable than 70% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,420
2 BR
$1,660
3 BR
$2,200
4 BR+
$2,680
Research median
$1,660/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
$18,648/yr
At $1,554/mo median
Location
StateFL
CountyEscambia County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.7% YoY, +1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 32514 (Pensacola, FL) is roughly split between renters and owners, 32.2% of residents hold a bachelor's degree or higher.

Population
42,447
Median income
$66,644
Median age
35.8
Renters
47.2%
Age distribution
20.2%
28.1%
20.6%
19.3%
Under 1820.2%
18–3428.1%
35–5420.6%
55–6411.8%
65+19.3%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
65.5%
21.6%
White65.5%
Black21.6%
Hispanic6.1%
Asian1.6%
Other5.2%
Education (25+)
26.2%
33.1%
32.2%
No HS diploma8.4%
HS diploma26.2%
Some college33.1%
Bachelor's+32.2%
Housing tenure
52.8%
47.2%
Owner52.8%
Renter47.2%

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

2021 vs 2026

How ZIP 32514 in Pensacola, FL has changed in 5 years

Rent
$1,154 → $1,554
up 34.7%
Income
$57,018 → $66,644
up 16.9%
Population
42,059 → 42,447
up 0.9%
Renter share
52.7% → 47.2%
-5.5 pts
Bachelor's+
32.5% → 32.2%
-0.3 pts
Median age
33.7 → 35.8
+2.1 yrs

Across the past five years, the going rent in ZIP 32514 in Pensacola, FL has shifted from $1,154 to $1,554, up 34.7% since 2021. On the earnings side, the typical household in ZIP 32514 in Pensacola, FL now reports about $66,644, up from $57,018 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 52.7% to 47.2%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 32514 in Pensacola, FL reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 32514

About renting in ZIP 32514

Last updated: July 20, 2026

ZIP code 32514 covers Pensacola, FL. The median rent here is $1,554/mo as of July 2026. A 1-bedroom rents for a median of $1,420/mo. A 2-bedroom rents for a median of $1,660/mo.

At 28% of local median household income ($66,644/yr), ZIP 32514 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32514?

As of July 20, 2026, the median monthly rent in ZIP 32514 (Pensacola, FL) is $1,554. This is based on aggregated data from public sources and community submissions.

How does ZIP 32514 rent compare to the US average?

ZIP 32514's median rent of $1,554/mo is $411 (21%) below the US national median of $1,965/mo.

How does ZIP 32514 compare to other ZIPs in Florida?

ZIP 32514 is among the more affordable ZIP codes in Florida, ranking #614 out of 662 ZIPs at $1,554/mo.

How much income do you need to rent in ZIP 32514?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,554/mo in ZIP 32514. The local median household income is $66,644/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 32514?

Rent in ZIP 32514 has increased 7.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 32514 an affordable place to rent?

ZIP 32514 is considered affordable for renters. At $1,554/mo, rent takes approximately 28% of the local median household income ($66,644/yr). The standard benchmark is 30%. ZIP 32514 falls comfortably within that range.

What percentage of ZIP 32514 residents rent vs. own?

According to Census data, approximately 47.2% of ZIP 32514 households are renters, while 52.8% are owner-occupied. ZIP 32514 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32514 compare to the rest of Pensacola?

ZIP 32514 is more affordable than Pensacola overall. At $1,554/mo, it's $103 below the Pensacola citywide median of $1,657/mo.

When was rent data for ZIP 32514 last updated?

Rent data for ZIP 32514 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,554/mo, rent takes ~28% of ZIP 32514's median household income ($66,644/yr). The standard benchmark is 30%.

ZIP 32514 28%Benchmark 30%
State income taxNone
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Public schools near ZIP 32514 (Pensacola, FL)

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