How much is a home worth in ZIP code 32534?

The typical home in 32534 is worth $239,692, based on the Zillow Home Value Index.

Are home values rising in 32534?

Home values in 32534 are up 0.6% over the past year, and up 5.0% a year over five years.

What is the typical rent in 32534?

A typical home in 32534 rents for about $1,649 a month, a gross rental yield of 8.3%.

What is the property tax rate in 32534?

The effective property tax rate in 32534 is 0.7% — roughly $1,764 a year on a typical home.

ZIP code 32534 has a population of 17,104 and a median household income of $58,992.

HousingHandbookReference data

…

U.S. ZIP Code · FL32534

Escambia County · Pensacola-Ferry Pass-Brent, FL

Typical home value

$239,692^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.6%
5-year / yr: +5.0%
10-year / yr: +7.2%

Relative price

vs U.S.: -15.6%
vs metro: -15.3%
vs state: -30.9%

Price history

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

The typical home in 32534 is worth $239,692 — 15.3% below the Pensacola-Ferry Pass-Brent, FL median. Over the past year, values have risen 0.6%. Homes here rent for a typical $1,649 a month — a 8.3% 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: $1,649^[2]
Gross yield: 8.3%^[2]
Cap rate: 5.0%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,764^[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: 17,104^[3]
Median household income: $58,992^[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: 6
Elementary: 5
Middle: 0
High: 0

PINE MEADOW ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ESCAMBIA
761 students
R. C. LIPSCOMB ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ESCAMBIA
744 students
L. D. MCARTHUR ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ESCAMBIA
549 students
LINCOLN PARK ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ESCAMBIA
218 students
JACKIE HARRIS PREPARATORY ACADEMY
Elementary · Grades K–5 · ESCAMBIA
188 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 yield8.3%

Net yield (after ~40% expenses)5.0%

Annual rent$19,789

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$1,212

Loan principal$191,753

Down payment$47,938

Total interest paid$244,571

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 ratio0.95

Monthly cost to own$1,560

Monthly rent$1,649

Owning is meaningfully cheaper month-to-month.

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: 38th percentile^[1]
Rental yield: 94th percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32534?: The typical home in 32534 is worth $239,692, based on the Zillow Home Value Index.
Are home values rising in 32534?: Home values in 32534 are up 0.6% over the past year, and up 5.0% a year over five years.
What is the typical rent in 32534?: A typical home in 32534 rents for about $1,649 a month, a gross rental yield of 8.3%.
What is the property tax rate in 32534?: The effective property tax rate in 32534 is 0.7% — roughly $1,764 a year on a typical home.
Who lives in 32534?: ZIP code 32534 has a population of 17,104 and a median household income of $58,992.

#Comparable ZIPs

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

32506 vs 32534 →
Myrtle Grove CDP, FL
Typical home
$244,154
Gross yield
7.4%
32514 vs 32534 →
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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#Jump to section

U.S. ZIP Code · FL32534

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