Pace, Florida.
Typical home $325,892 (+0.9% in a year), asking rent $1,929 (+1.8%). Pensacola-Ferry Pass-Brent, FL metro.
to buy the typical home at today's mortgage rate — +$924 (+117%) since Jan 2020.
- 1 year
- Up $2,902 +1%
- $322,991$325,892 since Sep 2025
- 5 years
- Up $44,537 +16%
- $281,356$325,892 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Pace$1,711
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Pace, FL rose 0.9% over the past year — slower than the nation's +1.2%.
Asking rents in Pace, FL rose 1.8% over the past year — slower than the nation's +2.7%.
Owning the typical home in Pace runs $286/mo more than renting one. The gap peaked at $523 in Oct 2023.
That is $2,215 a month against $1,929 rent: a $1,711 mortgage payment, plus $156 property tax and $349 insurance & upkeep.
Owning vs renting — Pace
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,215
- Renting$1,929
- Mortgage only$1,711
Property tax · $156/mo 0.57% of value a year — the ACS 2020-2024 median bill over the median home value for Santa Rosa County, FL
Insurance & upkeep · $349/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Pace, Santa Rosa County, Florida
Pace, in Santa Rosa County, had 24,684 people in the 2020 census. Half its households earn more than $80,701 a year and half less, against $91,922 across Santa Rosa County; 12% of its people live below the poverty line. 83% of its homes are lived in by their owners and 17% are rented. Unemployment in Santa Rosa County was 4.8% in August 2026, and the county had 2.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Pace is a community in Santa Rosa County, Florida, where most homes are lived in by their owners, a good deal more than is typical across the country. Household incomes run somewhat below the county's, and a fair number of residents live below the poverty line. Winters are mild and summers are hot, and the year brings a lot of rain.
Work. Residents work mostly in schools, hospitals and social care, in shops, in the building trades and in professional and business services. Some of the biggest workplaces in Pace are Walmart, Publix Super Markets and Target, and the commute to work is fairly long. A small share of people work from home.
Things to do. Blackwater Heritage Trail State Park is a short drive away, and so is the site of the Arcadia Sawmill and Arcadia Cotton Mill, an archaeological site from the area's industrial past. A longer drive leads to Blackwater River State Park, a protected area along one of the region's best known rivers, and to the National Naval Aviation Museum.
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- 9,328households
- 31%of adults have a degree
- 12%below the poverty line
- 29 mintypical commute
- 13%work from home
What residents work in
Employed residents by industry, from the Census survey. Santa Rosa County had 44,562 jobs in 2025, 2.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 61° and lows near 42°; warmest in July, with highs near 91° and lows near 74°. About 68 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Pensacola Nne weather station, 6 miles away (NOAA).
Largest workplaces in Pace
- WalmartWarehouse clubs and supercenters521
- Publix Super MarketsSupermarkets and other grocery stores185
- Publix Super MarketsSupermarkets and other grocery stores153
- TargetDiscount department stores137
- Hometown ContractorsHome improvement124
- Eastman ChemicalOrgano-inorganic compound manufacturing103
- WalmartSupermarkets and other grocery stores80
- Student Transportation of America48541067
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 12 workplaces with 20 or more staff, 1,516 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HurricanesRelatively high
- LightningRelatively high
- TornadoesRelatively high
- Heat wavesRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Pace’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Santa Rosa County and the Pensacola-Ferry Pass-Brent, FL metro.
Pace home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Pace$325,892
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 4 Pace listings, and the typical home goes pending in 36 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Pace28.25%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Pace36
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Pace204
New listings per month
Sellers arriving at the market.
- Pace54
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Pace$337,521
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Pace98.10%
Zip codes with a Pace address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Pace — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.