2025 Compare Cities Housing:
Panama City Beach, FL vs Key West, FL

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Highlights
- The median age of a home in Panama City Beach is 157.1% younger than the median age of a home in Key West.
 Panama City Beach, FLKey West, FLUnited States
 Median Home Age21  Unlock42
 Median Home Cost  Unlock$1,015,000$338,100
 Home Appr. Last 12 months25.0%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock78.0%57.0%
 Home Appr. Last 10 yrs.136.4%  Unlock101.1%
 Property Tax Rate  Unlock$5.0$11.0
 Homes Owned23.6%  Unlock57.4%
 Housing Vacant  Unlock23.0%11.2%
 Homes Rented15.4%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Panama City Beach, FLKey West, FLUnited States
 Average Rent  Unlock$4,830$1,840
 Studio Apartment$1,230  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$3,050$1,180
 2 Bedroom Home or Apartment$1,520  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$4,900$1,860
 4 Bedroom Home or Apartment$2,590  Unlock$2,160
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 Vacant Housing
 Panama City Beach, FLKey West, FLUnited States
 Vacant For Rent  Unlock7.6%1.9%
 Vacant Rented0.4%  Unlock0.4%
 Vacant For Sale  Unlock1.0%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock10.1%3.6%
 Vacant Other2.3%  Unlock4.1%
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 Owner-Occupied Housing Value
 Panama City Beach, FLKey West, FLUnited States
 Less Than $20,000  Unlock0.6%2.6%
 $20,000 to $39,9990.3%  Unlock2.4%
 $40,000 to $59,999  Unlock0.8%2.8%
 $60,000 to $79,9990.7%  Unlock3.9%
 $80,000 to $99,999  Unlock0.2%4.5%
 $100,000 to $149,9995.9%  Unlock11.3%
 $150,000 to $199,999  Unlock0.7%13.0%
 $200,000 to $299,99932.5%  Unlock20.1%
 $300,000 to $399,999  Unlock7.4%13.6%
 $400,000 to $499,99912.5%  Unlock8.3%
 $500,000 to $749,999  Unlock28.7%9.7%
 $750,000 to $999,9991.1%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock8.8%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock4.5%1.1%
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 Housing Units By Year Built
 Panama City Beach, FLKey West, FLUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock6.6%13.6%
 2000 to 200943.1%  Unlock13.6%
 1990 to 1999  Unlock11.0%13.6%
 1980 to 198921.7%  Unlock13.2%
 1970 to 1979  Unlock9.8%14.8%
 1960 to 196916.2%  Unlock13.6%
 1950 to 1959  Unlock11.5%10.0%
 1940 to 19491.4%  Unlock4.7%
 1939 or Earlier  Unlock22.5%12.2%
Reviews for Panama City Beach    12 Reviews

Over 6 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 6 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 12 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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Reviews for Key West    7 Reviews

I was raised in Key West since 1980, these average cost prices for rent that you are seeing were not even accurate then, let alone now in 2021. The average cost of  More

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Over 9 years ago

Like the  More

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I have lived in Key West for the last seven years. During that time, I have observed very little change in the cost of living. I work for a national company that pays  More

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