How much is a home worth in ZIP code 32506?

The typical home in 32506 is worth $244,154, based on the Zillow Home Value Index.

Are home values rising in 32506?

Home values in 32506 are up 2.4% over the past year, and up 5.3% a year over five years.

What is the typical rent in 32506?

A typical home in 32506 rents for about $1,510 a month, a gross rental yield of 7.4%.

What is the property tax rate in 32506?

The effective property tax rate in 32506 is 0.7% — roughly $1,591 a year on a typical home.

ZIP code 32506 has a population of 34,549 and a median household income of $62,486.

HousingHandbookReference data

…

U.S. ZIP Code · FL32506

Escambia County · Pensacola-Ferry Pass-Brent, FL

Typical home value

$244,154^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +5.3%
10-year / yr: +7.7%

Relative price

vs U.S.: -14.1%
vs metro: -13.7%
vs state: -29.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 32506 is worth $244,154 — 13.7% below the Pensacola-Ferry Pass-Brent, FL median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,510 a month — a 7.4% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,510^[2]
Gross yield: 7.4%^[2]
Cap rate: 4.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,591^[3]

#Climate risk

FEMA National Risk Index ratings for Escambia County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 34,549^[3]
Median household income: $62,486^[3]

#Migration

Household moves in and out of Escambia County over a year, from IRS tax-return data.

Net migration: +812^[5]
Moved in: 11,757
Moved out: 10,945

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 5
Middle: 1
High: 1

ESCAMBIA HIGH SCHOOL
High · Grades 9–12 · ESCAMBIA
1,654 students
JIM C. BAILEY MIDDLE SCHOOL
Middle · Grades 6–8 · ESCAMBIA
1,097 students
BLUE ANGELS ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ESCAMBIA
758 students
HELLEN CARO ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ESCAMBIA
529 students
SHERWOOD ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ESCAMBIA
495 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.4%

Net yield (after ~40% expenses)4.5%

Annual rent$18,117

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,235

Loan principal$195,323

Down payment$48,831

Total interest paid$249,124

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.04

Monthly cost to own$1,570

Monthly rent$1,510

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 71st percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 76th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32506?: The typical home in 32506 is worth $244,154, based on the Zillow Home Value Index.
Are home values rising in 32506?: Home values in 32506 are up 2.4% over the past year, and up 5.3% a year over five years.
What is the typical rent in 32506?: A typical home in 32506 rents for about $1,510 a month, a gross rental yield of 7.4%.
What is the property tax rate in 32506?: The effective property tax rate in 32506 is 0.7% — roughly $1,591 a year on a typical home.
Who lives in 32506?: ZIP code 32506 has a population of 34,549 and a median household income of $62,486.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

32534 vs 32506 →
Ensley CDP, FL
Typical home
$239,692
Gross yield
8.3%
32514 vs 32506 →
Ferry Pass CDP, FL
Typical home
$259,973
Gross yield
6.9%
32501
Pensacola, FL
Typical home
$268,697
Gross yield
7.8%
32504
Pensacola, FL
Typical home
$270,196
Gross yield
6.6%
32564
Harold CDP, FL
Typical home
$270,263
Gross yield
—
32565
Chumuckla CDP, FL
Typical home
$273,893
Gross yield
—

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Pit ZIP 32506 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL32506

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