Panama City, FL is a great place to invest in real estate due to its rising house values and high appreciation rate. The median value of housing in Panama City is $252,800, which is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, while the 1 year appreciation rate in Panama City is a whopping 15.93%. This means that over the course of one year, homes in Panama City will increase drastically in value, providing homeowners with a great opportunity for investment.
The median home cost in Panama City is $252,800. Home appreciation the last 10 years has been 136.4%. Home Appreciation in Panama City is up 25.0%.
Average Age of Homes
- The median age of Panama City real estate is 42 years old
The Rental Market in Panama City
- Renters make up 42.2% of the Panama City population
- 1.4% of houses and apartments in Panama City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.