2026 Compare Cities Housing:
Madison, WI vs Panama City, FL

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Highlights
- The median age of a home in Madison is 2.3% younger than the median age of a home in Panama City.
 Madison, WIPanama City, FLUnited States
 Median Home Age44  Unlock42
 Median Home Cost  Unlock$252,800$338,100
 Home Appr. Last 12 months15.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock84.5%57.0%
 Home Appr. Last 10 yrs.87.1%  Unlock101.1%
 Property Tax Rate  Unlock$6.9$11.0
 Homes Owned45.6%  Unlock57.4%
 Housing Vacant  Unlock9.9%11.2%
 Homes Rented50.2%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Madison, WIPanama City, FLUnited States
 Average Rent  Unlock$1,650$1,840
 Studio Apartment$1,060  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,050$1,180
 2 Bedroom Home or Apartment$1,460  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,670$1,860
 4 Bedroom Home or Apartment$2,160  Unlock$2,160
 space1
 Vacant Housing
 Madison, WIPanama City, FLUnited States
 Vacant For Rent  Unlock1.4%1.9%
 Vacant Rented0.6%  Unlock0.4%
 Vacant For Sale  Unlock0.2%0.7%
 Vacant Sold0.2%  Unlock0.4%
 Vacant Vacation  Unlock1.7%3.6%
 Vacant Other0.7%  Unlock4.1%
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 Owner-Occupied Housing Value
 Madison, WIPanama City, FLUnited States
 Less Than $20,000  Unlock2.0%2.6%
 $20,000 to $39,9990.7%  Unlock2.4%
 $40,000 to $59,999  Unlock5.3%2.8%
 $60,000 to $79,9990.6%  Unlock3.9%
 $80,000 to $99,999  Unlock8.6%4.5%
 $100,000 to $149,9996.2%  Unlock11.3%
 $150,000 to $199,999  Unlock20.6%13.0%
 $200,000 to $299,99935.0%  Unlock20.1%
 $300,000 to $399,999  Unlock9.4%13.6%
 $400,000 to $499,99910.9%  Unlock8.3%
 $500,000 to $749,999  Unlock2.3%9.7%
 $750,000 to $999,9991.4%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.9%2.2%
 $1,500,000 to $1,999,9990.4%  Unlock0.8%
 $2,000,000 and over  Unlock0.5%1.1%
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 Housing Units By Year Built
 Madison, WIPanama City, FLUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock10.2%13.6%
 2000 to 200913.5%  Unlock13.6%
 1990 to 1999  Unlock13.1%13.6%
 1980 to 19899.8%  Unlock13.2%
 1970 to 1979  Unlock15.1%14.8%
 1960 to 196912.8%  Unlock13.6%
 1950 to 1959  Unlock13.4%10.0%
 1940 to 19494.5%  Unlock4.7%
 1939 or Earlier  Unlock6.7%12.2%
Reviews for Madison    78 Reviews

Unfortunately, a number of these reviews are politically based. Madison remains the only shining star in Wisconsin’s economy. The economy is broadly based, with  More

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Have been living in Madison for almost 3 years. It’s very safe, ppl generally friendly and for a town of its size it has fair number of good restaurants and interesting  More

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Lacks balance and zero accountability.   More

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Reviews for Panama City    20 Reviews

Over 4 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 5 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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