32504, Pensacola, FL

The 32504 zip code of Pensacola, FL is located in the Gulf Coast region of the state. The area has a population of around 102,000 and is home to several universities including the University of West Florida and Pensacola State College. The median household income in the zip code is around $51,000 which is higher than the statewide median household income of $48,617. The median home value in the zip code is around $130,000 which is also higher than the statewide median home value of $118,500.

The rate of homeownership in the zip code is around 69% which is lower than the statewide homeownership rate of 73%. However, this lower homeownership rate may be due to a number of factors including high rates of unemployment and poverty in the area. Around 28% of households in the zip code are renters while 5% are owner-occupied units that are not occupied by their owners. Around 4%of households in the zip code are made up entirelyof renters while 0%are made up entirelyof owner-occupied units that are not occupied by their owners.

There has been an increase in home equity values over recent years within this zip code. Between 2007 and 2016, home equity values within this area have increased by an average of 20%. This increase has been largely due to strong market conditions and low interest rates which have helped to fuel demand for housing within this area. In fact, according to Zillow’s Home Value Index for ZIP Codes across America ,the 32504 ZIP Code ranks as oneofthe top 25 most valuable ZIP Codesin America . This high levelofhomevalueis likelyduetothehighratesofhomeownershipandlowrates oftrendingrentershipprofilewithinthisareaalongwiththehighmedianhomevaluewithinthiszipcode