Total monthly cost of ownership
Cost to Own a Home in West Pensacola, Florida
A $110,000 home here costs
$1,044per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $44,500 a year.
A standard mortgage calculator would have told you $600. The real number is $444 higher every month, 74% more than the payment most buyers budget for.
Compare Escambia County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
West Pensacola against Escambia County and Florida
| Measure | West Pensacola | Escambia County |
|---|---|---|
| Median home value | $109,800 | $234,200 |
| Median property tax | $626 | $1,406 |
| Effective tax rate | 0.570% | 0.600% |
| Median gross rent | $1,086 | $1,234 |
| Population | 20,679 | 323,275 |
The weather behind that power bill
West Pensacola sits in Escambia County, which averages a high of 91.6°F in its hottest month and a low of 43.7°F in its coldest, with 68.31" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,943 cooling and 1,304 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Escambia County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Escambia County
Full Escambia County cost breakdown · Every county in Florida
Talk to someone who works this market
These are West Pensacola averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works West Pensacola every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in West Pensacola I already own here and may sell
Common questions
How much does it cost to own a home in West Pensacola?
A $110,000 home in West Pensacola, Florida costs approximately $1,044 per month with 20% down at 7.24%. That is $600 principal and interest, $52 property tax, $66 homeowners insurance, $233 utilities and $92 set aside for maintenance.
What is the property tax rate in West Pensacola?
West Pensacola has an effective property tax rate of 0.570%, based on a median home value of $109,800 and median real estate taxes of $626. That is lower than the Escambia County average of 0.600%.
What is the average home price in West Pensacola?
The median owner-occupied home value in West Pensacola, Florida is $109,800, against $234,200 across Escambia County.
Is it cheaper to rent or buy in West Pensacola?
Median gross rent in West Pensacola is $1,086 a month, against $1,044 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in West Pensacola?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in West Pensacola, Florida at today's rate takes a household income of roughly $44,500 a year. That covers the full $1,044 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for West Pensacola, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Florida.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.