Pace, FL housing market
The typical Pace home is worth about $325,000, up 0.7% in a year, 13% below the Florida typical home. Homes typically sell in 59 days, close to asking.
Home values, sales, trends and how Pace compares with the towns next door — updated as new data is published.
Pace at a glance
A seller's market
Supply is tight — about 3.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Pace | Florida |
|---|---|---|
| 2017 | $178,000 | $209,000 |
| 2018 | $192,000 | $226,000 |
| 2019 | $203,000 | $242,000 |
| 2020 | $216,000 | $253,000 |
| 2021 | $243,000 | $276,000 |
| 2022 | $298,000 | $340,000 |
| 2023 | $326,000 | $392,000 |
| 2024 | $330,000 | $402,000 |
| 2025 | $328,000 | $397,000 |
| 2026 | $324,000 | $377,000 |
| August 2026 | $325,000 | $376,000 |
Pace and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Pace | $325K | +0.7% | $1,450 | $80,701 |
| Pea Ridge | — | +0.2%† | $1,460 | $59,628 |
| Wallace | — | +0.7%† | $1,450 | $116,496 |
| Floridatown | — | +0.7%† | $1,450 | — |
† FHFA price index change, where Zillow has no home value for the town.
4 years of income
The typical Pace home costs about 4 years of the town's median household income, less than across Florida (5 years).
How Pace ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,450
HUD's Fair Market Rent for a two-bedroom in Pace is $1,450 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Pace pay a median of $1,282, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $1,100 · 4 bedrooms $2,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32571; Pensacola-Ferry Pass-Brent, FL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.