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If you browse local social media teams long enough, you’re bound to find some articles about a rental home flooded with valuable feedback.
While it may be fun to grab some popcorn and watch the exercise sink into slow motion, you might be wondering if the value is as outrageous as those comments might suggest.
How much has hiring increased in Pensacola since the pandemic?And are there any signs that better times are coming?Apartment List’s April 2024 hiring report for the Pensacola domain may shed some light.
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The median rent for Pensacola is $1,306, according to the most recent data from Apartment List. This includes median rents for one- and two-bedroom rentals within the city limits of Pensacola. Prices are down 4. 2% year-over-year but up 1% from last year. month.
In breakdown, the median rent for one-bedroom rentals in Pensacola is $1,091 and $1,361 for two-bedroom rentals.
Three months into the year, rents in Pensacola increased 2. 1%. This is a faster rate of expansion than the city experienced at this time last year. Rent expansion between January and March 2023 remained stable and showed no signs of expansion or decline.
Pensacola Home Prices: Housing costs in Pensacola are coming down slightly. Find out where real estate is most popular in Escambia
Rent in Pensacola has increased 23% since the start of the COVID-19 pandemic in 2020. The value peaked in 2020 with an average of $1,415 before falling to $1,353 in 2023.
The national median rent is $1388, up 0. 6% from last month but down 0. 8% year-over-year.
Rents in Florida are also declining, though they still stick to seasonal trends. The median rent in Florida is $1,542, down 2. 8% year-over-year.
This means that the median hiring in Pensacola is about 6% lower than the national average and 15% lower than the state average.
This article appeared in the Pensacola News Journal: Hiring in Pensacola is up 23% since COVID