This Florida Metropolis Was Named Greatest Hidden Gem Housing Marketplace for Its Affordability—and It Has White Sand Seashores and Small City Attraction

Florida is a well-liked place to purchase a home, and for individuals hoping to make a giant buy, some cities are extra buyer-friendly than others.

Of all cities within the Sunshine State, Pensacola got here out on high due to its comparatively low housing prices and delightful location alongside the Gulf of Mexico, in response to a current examine from GOBankingRates. The examine, which seemed on the 30 finest hidden gem cities in the USA, discovered the common dwelling worth within the metropolis was $260,455, practically half the statewide common of $402,892.

For individuals contemplating transferring to Pensacola, the common median family revenue was $72,699 and the common month-to-month mortgage was $1,491. General, the examine discovered the full value of dwelling got here out to round $3,500 per thirty days on common.

Pensacola was thought-about a balanced housing market in August with provide and demand usually about the identical, in response to Realtor.com. The median sale worth of a house rose to $299,000, a rise in comparison with the August 2024 median worth of $276,450.

Pensacola boasts white sand seashores and ample alternatives for out of doors actions like mountain climbing and swimming, making it a well-liked trip spot and a super place to quiet down. The town can hint its fashionable roots all the best way again to the sixteenth century when the Spanish arrived to determine a brand new colony, in response to Go to Pensacola.

Well-liked sights embody historic forts like Fort Pickens (constructed within the 1800s to defend the Gulf Coast) and the Nationwide Naval Aviation Museum, which options 150 restored plane from throughout the Navy, Marine Corps, and Coast Guard Aviation.

As well as, guests can discover Perdido Key, a barrier island that serves as a sanctuary for native wildlife; and Pensacola Seaside, which is in style with vacationers who love fishing and kayaking and consists of many strolling paths, retailers, and eating places to get pleasure from.

Past Florida, GOBankingRates famous California and New York had the strongest displaying with every boasting 5 cities apiece on the corporate’s listing of hidden gem housing markets. Collectively, they represented a 3rd of all cities ranked.

To find out its listing, GOBankingRates analyzed cities throughout the U.S. utilizing information from the Zillow Residence Worth Index to search out locations the place the worth of a mean single-family dwelling was no less than $50,000 much less in comparison with the statewide common. The corporate additionally checked out the price of dwelling in every place. All information was present as of Sept. 2.