Panama City Beach, FL—32413
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Panama City Beach, FL
As of Oct '25, the median home price in Panama City Beach, FL is $465,000, with a year-over-year change of -6.6%. This indicates that home prices in Panama City Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $465,000 | -6.6% |
| Single Family | $476,000 | -5.2% |
| Condos | $452,000 | -7.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $331,000 | -7.8% |
2 Bed | $449,000 | -6.5% |
3 Bed | $540,000 | -4.8% |
4 Bed | $697,000 | -4.8% |
| 5 Bed | $1,591,000 | -6.4% |
% of Housing Stock
Rental Trends — Panama City Beach, FL
As of July '25, Rentcast reports the average rent in Panama City Beach, FL is $2,550, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Panama City Beach, FL is 1-bedrooms: $1,620, 2-bedrooms: $2,440, 3-bedrooms: $2,880, 4-bedrooms: $3,400. The most common rental property sizes in Panama City Beach, FL are 2-bedroom and 1-bedroom, accounting for 45.9% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,620 |
| 2 Bed Rent | $2,400 | $2,440 |
| 3 Bed Rent | $2,600 | $2,880 |
| 4 Bed Rent | $2,950 | $3,400 |
% of Rental Stock
Property Listings — Panama City Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Panama City Beach, FL is 110. This is a increase of 10.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $522,000 | -6.0% |
Listing Count | 852 | 12.0% |
| Listings as % of Homes | 2.8% | 12.0% |
Days on Market | 110 | 10.0% |
Demographics — Panama City Beach, FL
As of the latest ACS Survey released in 2023, Panama City Beach, FL has a population of 15,200, which has increased by 4.1% over the past 5 years. Panama City Beach, FL is a less popular place for families, as children make up 11.1% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | 4.1% |
% Under 18 | 11.1% | -30.6% |
% Seniors | 25.8% | 16.7% |
% WFH | 12.1% | 10.0% |
% w/ College Degree | 34.0% | 3.7% |
As of the latest ACS Survey released in 2023, Panama City Beach, FL is a predominantly white area, with 86.7% of the population identifying as white. The white population has grown by 6.8% in the last 5 years. The second most common race or ethnicity in Panama City Beach, FL is hispanic, making up 7.9% of the population. Foreign-born residents account for 7.5% of the population in Panama City Beach, FL, and this percentage has decreased by 3.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.7% | 6.8% |
% Black | 1.3% | -43.5% |
% Hispanic | 7.9% | 0.0% |
% Asian | 0.4% | -90.5% |
% Foreign Born | 7.5% | -3.8% |
Mortgage and Risk — Panama City Beach, FL
According to HUD data as of 2023, there were 580 mortgage originations in Panama City Beach, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Panama City Beach, FL. Investor activity is low, as 11.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 580 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 11.0% |
% Second Loans | 36.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Panama City Beach, FL
Panama City Beach, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,480 | $1,470 |
| 2 Bedroom | -$680 | $2,400 | $1,720 |
| 3 Bedroom | -$320 | $2,600 | $2,280 |
| 4 Bedroom | -$60 | $2,950 | $2,890 |
Affordability — Panama City Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $465,000 |
| Median Household Income | $76,000 |