2025 Compare Cities Housing:
Madison, AL vs Panama City, FL

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Highlights
- The median age of a home in Madison is 95.7% younger than the median age of a home in Panama City.
 Madison, ALPanama City, FLUnited States
 Median Home Age23  Unlock42
 Median Home Cost  Unlock$252,800$338,100
 Home Appr. Last 12 months23.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock84.5%57.0%
 Home Appr. Last 10 yrs.85.8%  Unlock101.1%
 Property Tax Rate  Unlock$6.9$11.0
 Homes Owned71.8%  Unlock57.4%
 Housing Vacant  Unlock9.9%11.2%
 Homes Rented25.2%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Madison, ALPanama City, FLUnited States
 Average Rent  Unlock$1,650$1,840
 Studio Apartment$880  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,050$1,180
 2 Bedroom Home or Apartment$1,240  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,670$1,860
 4 Bedroom Home or Apartment$1,940  Unlock$2,160
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 Vacant Housing
 Madison, ALPanama City, FLUnited States
 Vacant For Rent  Unlock1.4%1.9%
 Vacant Rented0.1%  Unlock0.4%
 Vacant For Sale  Unlock0.2%0.7%
 Vacant Sold0.4%  Unlock0.4%
 Vacant Vacation  Unlock1.7%3.6%
 Vacant Other1.1%  Unlock4.1%
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 Owner-Occupied Housing Value
 Madison, ALPanama City, FLUnited States
 Less Than $20,000  Unlock2.0%2.6%
 $20,000 to $39,9991.0%  Unlock2.4%
 $40,000 to $59,999  Unlock5.3%2.8%
 $60,000 to $79,9990.2%  Unlock3.9%
 $80,000 to $99,999  Unlock8.6%4.5%
 $100,000 to $149,9996.9%  Unlock11.3%
 $150,000 to $199,999  Unlock20.6%13.0%
 $200,000 to $299,99929.4%  Unlock20.1%
 $300,000 to $399,999  Unlock9.4%13.6%
 $400,000 to $499,99914.2%  Unlock8.3%
 $500,000 to $749,999  Unlock2.3%9.7%
 $750,000 to $999,9991.7%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.9%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.5%1.1%
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 Housing Units By Year Built
 Madison, ALPanama City, FLUnited States
 2015 and Newer0.2%  Unlock0.2%
 2010 to 2014  Unlock10.2%13.6%
 2000 to 200926.3%  Unlock13.6%
 1990 to 1999  Unlock13.1%13.6%
 1980 to 198915.9%  Unlock13.2%
 1970 to 1979  Unlock15.1%14.8%
 1960 to 196925.9%  Unlock13.6%
 1950 to 1959  Unlock13.4%10.0%
 1940 to 19490.7%  Unlock4.7%
 1939 or Earlier  Unlock6.7%12.2%
Reviews for Madison    11 Reviews

Over 1 years ago

My wife and I moved from Atlanta, GA area in 2016 when I retired. We have now lived in Huntsville for 4 years and now in Madison for almost 4 years. We were thinking  More

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Low crime. Traffic not too bad even during peak times. Covert classim and racism. A stick with our own mentality. Not very diverse primarily just blacks and whites.  More

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Madison is nice. The schools are excellent, which is why we chose to live here. The job market is good for anyone with an engineering degree or ex military, but for  More

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Reviews for Panama City    20 Reviews

Over 3 years ago

I moved here from Akron, OH back in 2007 and was expecting a huge city (similar to Miami), nope, I was wrong. It ended up being more like a backwards redneck town more  More

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Over 4 years ago

If you love bars, trailers, isolation, and generic shopping while feeling depressed then this is the place for you. Panama City has alot of shallow people, most red  More

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This review is from a 24 year resident moved from Michigan. When I first moved, I missed the bigger city things like a university, large library, electronics stores, and  More

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