View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Florida
  4. /Panama City Beach, FL - 32407

Panama City Beach, FL—32407

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$394,000
4.0% YoY Growth
Household Income
$79,100
29.8% YoY Growth
Days on Market
87
2.0% Shorter YoY
Home Price Forecast
-0.6%
Median Rent
$2,300
11.7% YoY Growth
1-Bed Rent
$1,320
17.3% YoY Growth
2-Bed Rent
$1,900
1.5% YoY Growth
3-Bed Rent
$2,400
12.5% YoY Growth

Other Zip Codes in Panama City Beach, FL

3241332408
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Panama City Beach, FL

As of May '26, the median home price in Panama City Beach, FL is $394,000, with a year-over-year change of -4.0%. This indicates that home prices in Panama City Beach, FL are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$394,000-4.0%
Single Family $373,000-2.6%
Condos $413,000-5.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • $319,000
    -5.1%
    2 Bed
    		$377,000-4.1%
    3 Bed
    		$409,000-2.2%
    4 Bed
    		$528,000-1.1%
    5 Bed $642,476-1.7%
    Loading chart...

    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    11.6%
    2 Bedrooms
    37.4%
    3 Bedrooms
    39.1%
    4 Bedrooms
    7.9%
    5+ Bedrooms
    1.7%

    Rental Trends — Panama City Beach, FL

    As of July '25, Rentcast reports the average rent in Panama City Beach, FL is $2,350, with a year-over-year rent change of -11.7%. Per bedroom, the median rent as of July '25 in Panama City Beach, FL is studios: $550, 1-bedrooms: $1,340, 2-bedrooms: $2,020, 3-bedrooms: $2,450, 4-bedrooms: $3,400. The most common rental property sizes in Panama City Beach, FL are 2-bedroom and 3-bedroom, accounting for 42.8% and 40.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,300$2,350
    Studio Rent $550$550
    1 Bed Rent $1,320$1,340
    2 Bed Rent $1,900$2,020
    3 Bed Rent $2,400$2,450
    4 Bed Rent $3,500$3,400
    Loading chart...

    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    10.6%
    2 Bedrooms
    42.8%
    3 Bedrooms
    40.6%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    1.0%

    Property Listings — Panama City Beach, FL

    As of May '26, Realtor.com reports that the median days on market for a home in Panama City Beach, FL is 87. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$430,0004.0%
    Listing Count
    		496-15.0%
    Listings as % of Homes2.7%-15.0%
    Days on Market
    		87-2.0%
    Loading chart...

    Demographics — Panama City Beach, FL

    As of the latest ACS Survey released in 2023, Panama City Beach, FL has a population of 15,500, which has increased by 48.2% over the past 5 years. Panama City Beach, FL is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		15,50048.2%
    % Under 18
    		21.6%40.3%
    % Seniors
    		15.8%1.3%
    % WFH
    		10.5%40.0%
    % w/ College Degree
    		39.8%43.2%
    Loading chart...

    As of the latest ACS Survey released in 2023, Panama City Beach, FL is a predominantly white area, with 72.6% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Panama City Beach, FL is black, making up 10.4% of the population. Foreign-born residents account for 12.3% of the population in Panama City Beach, FL, and this percentage has increased by 7.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		72.6%-9.8%
    % Black
    		10.4%82.5%
    % Hispanic
    		8.3%-6.7%
    % Asian
    		2.3%-14.8%
    % Foreign Born
    		12.3%7.9%
    Loading chart...

    Mortgage and Risk — Panama City Beach, FL

    According to HUD data as of 2023, there were 371 mortgage originations in Panama City Beach, FL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Panama City Beach, FL. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		371
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		16.0%
    % Cash Out Refinance
    		8.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Panama City Beach, FL

    As of 2024, the percent of homes in Panama City Beach, FL under the Section 8 program is 6.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Panama City Beach, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		159
    Total Units Section 8
    		159
    % Rentals under Section 8
    		6.2%
    % Occupied Section 8
    		93.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$550$1,320$1,870
    2 Bedroom$290$1,900$2,190
    3 Bedroom$510$2,400$2,910
    4 Bedroom$180$3,500$3,680

    Affordability — Panama City Beach, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.8
    Median Home Price$394,000
    Median Household Income$79,100

    Panama City Beach, FL — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Panama City Beach, FL

    32408

    Panama City, FL

    32405

    Panama City, FL

    32401

    Panama City Beach, FL

    32413

    Lynn Haven, FL

    32444

    Frequently Asked Questions