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2024 Compare Cities Housing:
Melbourne, FL vs Panama City Beach, FL

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Highlights
- The median age of a home in Melbourne is 43.2% older than the median age of a home in Panama City Beach.

Housing
 Melbourne, FLPanama City Beach, FLUnited States
 Median Home Age372142
 Median Home Cost$348,100$472,900$338,100
 Home Appr. Last 12 months26.8%25.0%16.6%
 Home Appr. Last 5 yrs.85.7%84.5%57.0%
 Home Appr. Last 10 yrs.211.6%136.4%101.1%
 Property Tax Rate$7.7$6.2$11.0
 Homes Owned51.2%23.6%57.4%
 Housing Vacant13.0%61.0%11.2%
 Homes Rented35.8%15.4%31.4%
 space
 Avg Rent For Home Or Apartment
 Melbourne, FLPanama City Beach, FLUnited States
 Average Rent$1,940$2,060$1,840
 Studio Apartment$1,030$1,230$1,080
 1 Bedroom Home or Apartment$1,230$1,310$1,180
 2 Bedroom Home or Apartment$1,470$1,520$1,430
 3 Bedroom Home or Apartment$1,970$2,090$1,860
 4 Bedroom Home or Apartment$2,340$2,590$2,160
 space1
 Vacant Housing
 Melbourne, FLPanama City Beach, FLUnited States
 Vacant For Rent2.4%4.0%1.9%
 Vacant Rented1.2%0.4%0.4%
 Vacant For Sale0.5%0.3%0.7%
 Vacant Sold0.7%0.6%0.4%
 Vacant Vacation4.1%53.4%3.6%
 Vacant Other4.2%2.3%4.1%
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 Owner-Occupied Housing Value
 Melbourne, FLPanama City Beach, FLUnited States
 Less Than $20,0003.1%1.5%2.6%
 $20,000 to $39,9992.1%0.3%2.4%
 $40,000 to $59,9992.0%1.5%2.8%
 $60,000 to $79,9993.5%0.7%3.9%
 $80,000 to $99,9993.5%0.0%4.5%
 $100,000 to $149,99914.1%5.9%11.3%
 $150,000 to $199,99921.3%11.3%13.0%
 $200,000 to $299,99929.1%32.5%20.1%
 $300,000 to $399,99910.0%27.8%13.6%
 $400,000 to $499,9994.8%12.5%8.3%
 $500,000 to $749,9994.1%4.7%9.7%
 $750,000 to $999,9991.5%1.1%3.9%
 $1,000,000 to $1,499,9990.4%0.0%2.2%
 $1,500,000 to $1,999,9990.2%0.0%0.8%
 $2,000,000 and over0.3%0.1%1.1%
 space3
 Housing Units By Year Built
 Melbourne, FLPanama City Beach, FLUnited States
 2015 and Newer0.0%0.0%0.2%
 2010 to 201413.3%43.1%13.6%
 2000 to 200913.3%43.1%13.6%
 1990 to 199916.9%16.2%13.6%
 1980 to 198926.2%21.7%13.2%
 1970 to 197913.2%7.4%14.8%
 1960 to 196916.9%16.2%13.6%
 1950 to 19598.5%0.7%10.0%
 1940 to 19491.0%1.4%4.7%
 1939 or Earlier1.1%0.1%12.2%

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Reviews for Melbourne    29 Reviews

Was looking for change from Orlando area- crime and hecticness- and went to an opposite extreme Let me start by saying that I am moving soon. I am moving back to the  More

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Over 3 years ago

Moved here from Ohio 3 months ago, trying not to be disappointed, there isn't much to do, its really small and shopping is bad. I wanted out of Cleveland but didn't  More

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I have lived in many areas of this town. It is growing and has a nice selection of older and very new areas. The access to beaches and parks is quick and well kept.   More

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Reviews for Panama City Beach    12 Reviews

Over 5 years ago

I've lived here since 2001 and have seen many changes, mainly for the good. Although in the last couple years, and even more so after Hurricane Michael the cost of  More

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Over 5 years ago

I loved this area until I heard the property owners/corporations increased peoples rents between 30% to 90% that were still recovering from last years  More

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Over 11 years ago

Pannama city lived in the neighboring area 6 years loved it . I think you expect to much from such a small town as for the papermill you either put up with the smell or  More

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ZIPS IN MELBOURNE, FLORIDA
32935 32901 32934 32903
ZIPS IN PANAMA CITY BEACH, FLORIDA
32413 32407

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