Quick answer, as of September 8, 2026
This study compares July 2026 Zillow home-value estimates for 26 selected Florida ZIP codes using one illustrative ownership-cost model. The median modeled total is $3,457 per month, including reserves and utilities. A ZIP label does not establish a property's taxes, duty-station BAH or loan approval.
Gregg Costin, Realtor, Levin Rinke Realty
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A consistent comparison with separate evidence labels
The selected ZIPs cover parts of the Florida coast from Pensacola through Destin and nearby inland communities. They do not represent every neighborhood or include Gulf Shores and Orange Beach. The Alabama comparison guide explains the separate property checks across the state line.
Published index: July 2026 ZHVI uses Zillow's estimate of typical values. Published benefit: the example allowances are 2026 E-5 with-dependents BAH, $1,863 for FL064 and $2,433 for FL056; every other grade is on the Pensacola BAH 2026 page. Illustration: every mortgage and ownership total below is calculated, rather than an observed local household payment.
| ZIP / Zillow city label | 2020 ZCTA counties | ZHVI | Illustrative total / month | Cost minus FL064 E-5 BAH | Cost minus FL056 E-5 BAH |
|---|---|---|---|---|---|
| 32505 Pensacola | Escambia County | $144,691 | $2,305 | $442 | -$128 |
| 32534 Pensacola | Escambia County | $239,660 | $2,931 | $1,068 | $498 |
| 32506 Pensacola | Escambia County | $246,560 | $2,977 | $1,114 | $544 |
| 32514 Pensacola | Escambia County | $261,924 | $3,078 | $1,215 | $645 |
| 32501 Pensacola | Escambia County | $267,025 | $3,112 | $1,249 | $679 |
| 32504 Pensacola | Escambia County | $272,183 | $3,146 | $1,283 | $713 |
| 32570 Milton | Santa Rosa County | $278,380 | $3,187 | $1,324 | $754 |
| 32526 Pensacola | Escambia County | $283,109 | $3,218 | $1,355 | $785 |
| 32539 Crestview | Okaloosa County / Walton County | $284,748 | $3,229 | $1,366 | $796 |
| 32583 Milton | Santa Rosa County | $292,189 | $3,278 | $1,415 | $845 |
| 32536 Crestview | Okaloosa County | $295,931 | $3,303 | $1,440 | $870 |
| 32503 Pensacola | Escambia County | $297,280 | $3,312 | $1,449 | $879 |
| 32547 Fort Walton Beach | Okaloosa County | $316,555 | $3,439 | $1,576 | $1,006 |
| 32569 Mary Esther | Okaloosa County | $322,212 | $3,476 | $1,613 | $1,043 |
| 32533 Cantonment | Escambia County | $328,408 | $3,517 | $1,654 | $1,084 |
| 32571 Pace | Santa Rosa County | $330,382 | $3,530 | $1,667 | $1,097 |
| 32580 Eglin AFB | Okaloosa County | $331,446 | $3,537 | $1,674 | $1,104 |
| 32502 Pensacola | Escambia County | $333,763 | $3,552 | $1,689 | $1,119 |
| 32548 Fort Walton Beach | Okaloosa County | $341,402 | $3,603 | $1,740 | $1,170 |
| 32507 Pensacola | Escambia County | $369,610 | $3,789 | $1,926 | $1,356 |
| 32579 Shalimar | Okaloosa County | $388,946 | $3,916 | $2,053 | $1,483 |
| 32563 Gulf Breeze | Santa Rosa County | $406,683 | $4,033 | $2,170 | $1,600 |
| 32566 Navarre | Santa Rosa County | $421,657 | $4,132 | $2,269 | $1,699 |
| 32578 Niceville | Okaloosa County / Walton County | $440,990 | $4,260 | $2,397 | $1,827 |
| 32541 Destin | Okaloosa County | $627,422 | $5,490 | $3,627 | $3,057 |
| 32561 Gulf Breeze | Escambia County / Santa Rosa County | $686,211 | $5,878 | $4,015 | $3,445 |
Every cost assumption is visible
The model uses zero down, a financed 2.15% first-use VA purchase funding fee, a 30-year term and 6.71% interest. The rate is Freddie Mac's September 3 conventional national average, used as a transparent example; it is not a VA offer or an APR. Fee exemptions and a different down payment change the math.
- Annual property taxes: $3,600, including assumed tax-bill assessments.
- Annual homeowners and wind insurance combined: $4,800; annual flood insurance: $1,200.
- Monthly association dues: $75; other recurring assessments: $0; mortgage insurance: $0 for this VA illustration.
- Monthly maintenance reserve: $250; utilities: $225.
Monthly total = loan principal and interest + annual tax and premiums divided by 12 + monthly dues, other assessments, maintenance and utilities. The median is the arithmetic mean of the 13th and 14th sorted monthly totals. Costs are calculated before display rounding. Initial cash, closing charges, prepaid escrow, repairs and future cost increases need a separate budget.
Replace the assumptions in the ownership calculator or compare two actual homes and export your worksheet. Use actual LES and household income when comparing the result with your budget.
County, ZIP, city and duty station are different geographies
The table preserves Zillow's city label and separately lists counties intersecting the matching Census 2020 ZCTA. ZCTAs are statistical approximations of ZIP delivery areas, not parcel jurisdictions. Three identifiers cross county lines: 32539 and 32578 intersect Okaloosa and Walton; 32561 intersects Escambia and Santa Rosa. These relationships do not establish city limits, school assignment, flood zone, taxing district or military reporting location.
Do not copy a seller's historical tax bill into a new buyer's budget. Confirm the parcel's county and jurisdiction, buyer-based assessment and exemptions, non-ad valorem charges and any lease fees. Obtain insurance quotes for the address and intended use, and review association budgets and assessments. A flat illustrative figure cannot establish which ZIP has the lowest actual insurance or taxes.
Use the index to ask better property questions
- Pick specific homes and record asking price and recent comparable closed sales separately from ZHVI.
- Request a lender Loan Estimate and confirmation of your VA fee and entitlement scenario.
- Collect buyer-based tax information, insurer quotes and association documents dated for that property.
- Compare complete costs with your actual income, savings and debts, then check the actual reporting route and next-PCS options.
Download and reproduce the comparison
Download the study JSON with assumptions and source hashes · Download the 26-row CSV. Credit Gregg Costin's BAH and Ownership Study for the calculations and Zillow Research for ZHVI. The source capture date, value month, model-review date and Census vintage must travel with any excerpt.
Sources and review scope
Reviewed September 8, 2026. Values use the latest month shared by all 26 captured source rows. A fresh download did not advance the source month beyond July 2026. Review the study when the input series or model changes; rebuilding alone does not change its review date.
- Zillow Research data
- Zillow Home Value Index methodology
- Census ZIP Code Tabulation Areas
- Captured Zillow ZIP value series
- Census 2020 ZCTA-to-county relationships
- Freddie Mac mortgage-rate reference
- Official 2026 BAH lookup
- VA funding fee and closing costs
- Florida property assessment guide
Frequently asked questions
Are these actual sale prices or quoted monthly payments?
No. Zillow ZHVI is a modeled index of typical home values, not a closed-sale median or an asking price. The payments are arithmetic illustrations using shared hypothetical expense inputs. We did not observe a mortgage quote, tax bill or insurance premium for each ZIP.
Which data dates does the comparison use?
Zillow values are for July 2026; the downloaded file was last modified August 16, 2026 and retrieved September 8. BAH is the published 2026 schedule. The 6.71% conventional national mortgage-rate reference is dated September 3, 2026. County relationships use 2020 Census ZIP Code Tabulation Areas.
Does the ZIP where I buy determine my BAH?
Generally, BAH uses the permanent duty-station ZIP, grade and dependency status, subject to eligibility and exceptions. A residential ZIP alone does not establish the allowance. Verify your orders and actual entitlement with finance.
Why does ZIP 32561 show two counties?
The Census 2020 area with identifier 32561 intersects Escambia and Santa Rosa counties. It includes the Pensacola Beach and Gulf Breeze comparison area, so the previous Gulf Breeze proper label was too narrow. Verify the exact parcel, jurisdiction and any leasehold terms.
Does a positive gap mean I cannot buy in that ZIP?
No. The gap compares one illustrative total with one published E-5 with-dependents allowance. Actual price, other household income, debts, down payment, funding-fee exemption and property expenses change the outcome. A lender must evaluate the real borrower and property.
Are the taxes and insurance specific to each ZIP?
No. Each row uses the same hypothetical $3,600 annual tax, $4,800 combined homeowners and wind insurance, and $1,200 flood premium. It also includes $75 monthly dues, $250 maintenance reserve and $225 utilities. Obtain buyer-based tax estimates and address-specific insurance and association documents.
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