Living in Pace, FL
Pace, Florida, is a vibrant suburban town with a welcoming community spirit, excellent schools, and an array of outdoor activities. With parks and recreational facilities, residents enjoy a relaxed lifestyle just a short drive from the Gulf Coast. The area offers convenient access to shopping and dining, making it an ideal place for families and individuals seeking a balance of urban and rural living.
Current Market Conditions in Pace, FL
The real estate market in Pace, FL, has shown steady growth over the past year, with an increasing number of homes for sale. The demand for properties is high, driven by the area's attractive living conditions and its proximity to Pensacola. Homes in Pace are selling quickly, often above listing price as buyers look to secure residences in this desirable community.
Pace has witnessed a trend of new constructions and developments, which are appealing to first-time homebuyers and families seeking more space. The market is characterized by a mix of single-family homes and townhouses, catering to a diverse demographic. As attractive neighborhoods continue to expand, the competition for homes is likely to remain fierce.
Home Value Estimator For Pace, FL
There are currently 11,705 real estate properties
in Pace, FL,
with a median automated valuation model (AVM) price
of $299,773.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Pace, FL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Pace, FL,
is $329,372.00, with the most expensive house
in Pace, FL, topping out
at $15,133,269.00 and the cheapest home
in Pace, FL,
clocking in at $14,996.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Pace, FL!
Rent Prices
In Pace, FL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Pace, FL, is on
a rollercoaster ride. The
average rent price in Pace, FL,
is $1,349.00. Indeed, when looking to rent in
Pace, FL, you can expect to pay as little
as $640.00 or as much
as $4,200.00,
with the average rent median estimated to
be $1,310.00. The good news is that finding
an affordable and desirable property to rent in Pace, FL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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