Portland, OR · Member since 2022 · 14 posts · 4 votes
Hey there. Looking at some potential multi-family properties in Pensacola. Anyone know what the rental market is like currently (hot, cold, etc)? Or have any knowledge of that particular market they'd be willing to pass on?
Overall the rental market is up. As with most markets, be weary of the areas you buy in. Quality of neighborhoods in Pensacola can change street by street so definitely do some research on the neighborhood you're planning to buy in. But overall, you should be fine.
Overall the rental market is up. As with most markets, be weary of the areas you buy in. Quality of neighborhoods in Pensacola can change street by street so definitely do some research on the neighborhood you're planning to buy in. But overall, you should be fine.
Hey @Charis WolfeBarron! Yes, strong market here for rentals. The rates of course aren't rising like they were the last few years but they are still staying stable. As Robert mentioned though, do your research on the area. I always warn my out of town clients of this. I'm from Michigan and up there it's very clear (at least where I'm from) what part of town is good and what is bad. But in this area, it is very spotty to say the least.