Panacea, FL 32346 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Panacea, FL—32346

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$414,000

4.7% YoY Growth

Household Income

$58,400

31.6% YoY Growth

Days on Market

24.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,500

63.6% YoY Growth

1-Bed Rent

$1,500

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,150

57.0% YoY Growth

Home Price Trends — Panacea, FL

As of Dec '25, the median home price in Panacea, FL is $414,000, with a year-over-year change of -4.7%. This indicates that home prices in Panacea, FL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$414,000	-4.7%
Single Family	$430,000	-4.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Panacea, FL

As of July '25, Rentcast reports the average rent in Panacea, FL is $1,820, with a year-over-year rent change of -63.6%. Per bedroom, the median rent as of July '25 in Panacea, FL is 1-bedrooms: $1,500, 3-bedrooms: $2,150. The most common rental property sizes in Panacea, FL are 3-bedroom and 2-bedroom, accounting for 53.8% and 46.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,820
Studio Rent	N/A	N/A
1 Bed Rent	$1,500	$1,500
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,150	$2,150
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

46.2%

3 Bedrooms

53.8%

Property Listings — Panacea, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Panacea, FL is 70. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$648,000	-2.0%
Listing Count	54	35.0%
Listings as % of Homes	1.3%	35.0%
Days on Market	92	24.0%

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Demographics — Panacea, FL

As of the latest ACS Survey released in 2023, Panacea, FL has a population of 2,390, which has increased by 35.3% over the past 5 years. Panacea, FL is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,390	35.3%
% Under 18	15.9%	-27.1%
% Seniors	33.8%	61.7%
% WFH	11.0%	-25.7%
% w/ College Degree	26.3%	115.6%

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As of the latest ACS Survey released in 2023, Panacea, FL is a predominantly white area, with 96.5% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Panacea, FL is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.7% of the population in Panacea, FL, and this percentage has increased by 240.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	96.5%	-3.1%
% Black	0.6%	∞%
% Hispanic	1.5%	275.0%
% Asian	0.0%	N/A
% Foreign Born	1.7%	240.0%

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Mortgage and Risk — Panacea, FL

Panacea, FL lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Panacea, FL

Panacea, FL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	6
Total Units Section 8	6
% Rentals under Section 8	3.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$0	$1,500	$1,500
2 Bedroom	N/A	N/A	$1,670
3 Bedroom	$60	$2,150	$2,210
4 Bedroom	N/A	N/A	$2,320

Panacea, FL—32346

Key Metrics at a Glance

Home Price Trends — Panacea, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Panacea, FL

% of Rental Stock

Property Listings — Panacea, FL

Demographics — Panacea, FL

Race and Ethnicity

Mortgage and Risk — Panacea, FL

Mortgages

Rentals and Section 8 — Panacea, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Panacea, FL

Home Price to Income Ratio

Panacea, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Sopchoppy, FL

Crawfordville, FL

Saint Marks

Tallahassee, FL

Tallahassee, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.6
Median Home Price	$414,000
Median Household Income	$58,400

Panacea, FL—32346

Key Metrics at a Glance

Home Price Trends — Panacea, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Panacea, FL

% of Rental Stock

Property Listings — Panacea, FL

Demographics — Panacea, FL

Race and Ethnicity

Mortgage and Risk — Panacea, FL

Mortgages

Rentals and Section 8 — Panacea, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Panacea, FL

Home Price to Income Ratio

Panacea, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Sopchoppy, FL

Crawfordville, FL

Saint Marks

Tallahassee, FL

Tallahassee, FL

Frequently Asked Questions

What is the average home price in Panacea, FL 32346?

How have home prices in Panacea, FL 32346 changed over the past year?

What is the home price projection for Panacea, FL 32346?

What are the demographics of Panacea, FL 32346?

How long does it take homes to sell in Panacea, FL 32346?

What is the average rent price in Panacea, FL 32346?