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Best Place to Live in Panama City Beach (zip 32407), Florida

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Overview
Population:8,882
Pop. Change:54%
State: Florida
Metro Area: Panama City-Lynn Haven Metro Area
County: Bay County
City: Panama City Beach
Zip Code:Panama City Beach (zip 32407)
Real Estate:For Sale  For Rent
Search:Find and Compare Realtors

Panama City Beach's Real Estate Market
 • Newly Listed Homes
 • Most Expensive Listing
 • Million Dollar Houses
 • Homes from $750,001 to $1,000,000
 • Homes from $500,001 to $750,000
 • Homes from $250,000 to $500,000
 • Homes under $250,000
 • Median Priced Homes
 • Median Condominiums


Panama City-Lynn Haven Metro Area

Profile: Beach town/Military town

Location: Florida Panhandle on the Gulf Coast

Elevation: 112

Time zone: Eastern Standard Time

PROCON
Water recreation Crime rates
Future job growth Tourist sprawl
Attractive beachesIsolation

Panama City is one of the more popular beach cities in the Florida Panhandle. The area has large white-sand beaches, particularly to the northwest in Panama City Beach (a separate city). Panama City Beach is a spring-break destination with a substantial tourist-oriented infrastructure including amusement parks. Its 1950’s-style beach strip appearance reflects its mostly lower-middle class clientele. The beaches themselves and the water are very attractive and create a prime destination for watersports enthusiasts. Nearby ocean currents support abundant marine life, and fishing and diving are popular.

Panama City has a modest industrial base and some historic interest. Lynn Haven is a mainly residential community with an interesting history as a planned residential “haven” for elderly Civil War veterans. It was developed by W.H. Lynn, a New York senator, just before World War I. Aside from tourism, the largest employer is the Tyndall Air Force Base. Cost of living and especially housing are reasonable for a Florida beach town, but both are on the rise. High crime rates, isolation from cultural and air service amenities, and tourist impact are the main downsides.

Panama City sits in an area of beaches, coastal dunes, and wet lowland. The interior contains numerous creeks, bays and forested swampland with a rich assortment of live oaks, magnolia, cypress, and pine. Climate is subtropical and mild but subject to occasional northern influences. The Gulf moderates summer heat. Average annual rainfall is high but monthly and yearly totals vary widely. Thunderstorms occur year-round, but most arrive in summer. Tropical storms occasionally affect the area.

Interesting Facts about Panama City Beach (zip 32407), Florida

As of 2014, Panama City Beach (zip 32407)'s population is 8,882 people. Since 2000, it has had a population growth of 54.34 percent.

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The median home cost in Panama City Beach (zip 32407) is $151,700. Home appreciation the last year has been 3.70 percent.

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Compared to the rest of the country, Panama City Beach (zip 32407)'s cost of living is 2.80% Lower than the U.S. average.

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Panama City Beach (zip 32407) public schools spend $9,320 per student. The average school expenditure in the U.S. is $12,435. There are about 18 students per teacher in Panama City Beach (zip 32407).

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The unemployment rate in Panama City Beach (zip 32407) is 5.10 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Panama City Beach (zip 32407) jobs have Increased by 2.22 percent.


Ranked #11 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #107 Best Green Cities
Ranked #108 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #252 2005 Best Places to Live
See More Rankings Click Here

Map Of Panama_City_Beach

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Average Commute time is 16 minutes. The National Average is 25 minutes.

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Panama City Beach (zip 32407)'s Real Estate Market (click to see properties)

 • Newly Listed Homes
 • Most Expensive Listing
 • Million Dollar Houses
 • Homes from $750,001 to $1,000,000
 • Homes from $500,001 to $750,000
 • Homes from $250,000 to $500,000
 • Homes under $250,000
 • Median Priced Homes


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