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Panama City, FL
Full City Profile · Florida · Bay County County
3.0
/5.0
B
Good
34,211
Population
965/sq mi density
$61,125
Median Income
$36,398 per capita
$243,200
Home Value
$278,596 Zillow
$1,334
Median Rent
33.2% income on rent
70°F
Avg Temperature
308 sunny days/yr
613
Violent Crime/100K
5,145 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$61,125 median income, 2.7% unemployment
A
Affordability
4.4 / 5.0
$243,200 home value, $1,334/mo rent
F
Safety
1.0 / 5.0
613 violent crimes/100K (61% above avg)
B
Education
3.0 / 5.0
25.5% bachelor's degree or higher
Housing Overview
Median Home Value
$243,200
14% below
US avg: $281,900
Median Rent
$1,334/mo
15% above
US avg: $1,163/mo
Homeownership Rate
55.1%
16% below US avg (65.4%)
Total Housing Units
16,117
Median year built: 1977
Home Value by Source
Census Median
$243,200
Zillow (ZHVI)
$278,596
Median Sale Price
$296,650
Median List Price
$302,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
55.1%
Owner-Occupied
44.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,334/mo
· Zillow rent:
$1,707/mo
Market Indicators (Redfin)
Median Days on Market
123 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
46
Price Drops
24.7%
of listings with price reduction
Price Per Sq Ft
$189
Active Inventory
271
homes for sale
Affordability & Housing Stock
Rent Burden
33.2%
of renters spending 30%+ of income on housing
7% above US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
55.1%
Complete Housing Data
Home Values
| Census Median Value | $243,200 |
| Zillow Home Value (ZHVI) | $278,596 |
| Median Sale Price | $296,650 |
| Median List Price | $302,900 |
| Price Per Sq Ft | $189 |
Rent
| Census Median Rent | $1,334 |
| Zillow Rent (ZORI) | $1,707 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 123 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 24.7% |
| Homes Sold | 46 |
| Active Inventory | 271 |
| Price Per Sq Ft | $189 |
Ownership & Stock
| Owner-Occupied | 55.1% |
| Renter-Occupied | 44.9% |
| Homeownership Rate | 55.1% |
| Total Housing Units | 16,117 |
| Median Year Built | 1977 |
| Rent Burden | 33.2% |