32534, Pensacola, FL

The 32534 zip code of Pensacola, FL is located in Escambia County and has a population of about 97,000 people. Home prices in the 32534 zip code have increased significantly over the past few years, reaching an all-time high of $269,000 in December 2017. The average home price in the 32534 zip code has grown by more than $100,000 since 2016.

There are a number of factors contributing to the increase in home prices in the 32534 zip code. One reason is that Pensacola is experiencing strong economic growth. The city has seen job growth and population growth over the past few years, which has led to increased demand for housing and property. Additionally, there is a limited supply of homes available for sale in the 32534 zip code, which has driven up prices.

Despite these positive factors, there are also some risks associated with buying a home in the 32534 zip code. One risk is that interest rates could rise over time and make it more expensive to borrow money to buy a home. Another risk is that the market could crash and lead to a decrease in home prices. However, overall it appears that homeownership rates are high enough and prices are high enough relative to other areas that most people should be able to afford a home if they want one within the32534 zip code area.