2024 Compare Cities Housing:
Panama City Beach, FL vs Myrtle Beach, SC

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Highlights
- The median age of a home in Panama City Beach is 52.4% younger than the median age of a home in Myrtle Beach.
 Panama City Beach, FLMyrtle Beach, SCUnited States
 Median Home Age213242
 Median Home Cost$472,900$299,700$338,100
 Home Appr. Last 12 months25.0%21.9%16.6%
 Home Appr. Last 5 yrs.84.5%59.2%57.0%
 Home Appr. Last 10 yrs.136.4%81.7%101.1%
 Property Tax Rate$6.2$4.0$11.0
 Homes Owned23.6%36.5%57.4%
 Housing Vacant61.0%36.9%11.2%
 Homes Rented15.4%26.6%31.4%
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 Avg Rent For Home Or Apartment
 Panama City Beach, FLMyrtle Beach, SCUnited States
 Average Rent$2,060$1,400$1,840
 Studio Apartment$1,230$950$1,080
 1 Bedroom Home or Apartment$1,310$970$1,180
 2 Bedroom Home or Apartment$1,520$1,120$1,430
 3 Bedroom Home or Apartment$2,090$1,420$1,860
 4 Bedroom Home or Apartment$2,590$1,600$2,160
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 Vacant Housing
 Panama City Beach, FLMyrtle Beach, SCUnited States
 Vacant For Rent4.0%9.3%1.9%
 Vacant Rented0.4%1.0%0.4%
 Vacant For Sale0.3%1.5%0.7%
 Vacant Sold0.6%0.5%0.4%
 Vacant Vacation53.4%21.3%3.6%
 Vacant Other2.3%3.2%4.1%
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 Owner-Occupied Housing Value
 Panama City Beach, FLMyrtle Beach, SCUnited States
 Less Than $20,0001.5%1.3%2.6%
 $20,000 to $39,9990.3%1.8%2.4%
 $40,000 to $59,9991.5%2.1%2.8%
 $60,000 to $79,9990.7%2.4%3.9%
 $80,000 to $99,9990.0%5.7%4.5%
 $100,000 to $149,9995.9%15.6%11.3%
 $150,000 to $199,99911.3%11.7%13.0%
 $200,000 to $299,99932.5%16.7%20.1%
 $300,000 to $399,99927.8%15.0%13.6%
 $400,000 to $499,99912.5%11.4%8.3%
 $500,000 to $749,9994.7%10.3%9.7%
 $750,000 to $999,9991.1%1.9%3.9%
 $1,000,000 to $1,499,9990.0%2.4%2.2%
 $1,500,000 to $1,999,9990.0%0.7%0.8%
 $2,000,000 and over0.1%1.0%1.1%
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 Housing Units By Year Built
 Panama City Beach, FLMyrtle Beach, SCUnited States
 2015 and Newer0.0%0.4%0.2%
 2010 to 201443.1%17.4%13.6%
 2000 to 200943.1%17.4%13.6%
 1990 to 199916.2%14.6%13.6%
 1980 to 198921.7%25.0%13.2%
 1970 to 19797.4%12.6%14.8%
 1960 to 196916.2%14.6%13.6%
 1950 to 19590.7%6.3%10.0%
 1940 to 19491.4%1.1%4.7%
 1939 or Earlier0.1%0.7%12.2%
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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Reviews for Myrtle Beach    56 Reviews

Coming from Massachusetts and New York state, I loved the weather, beach and change of lifestyle. Being an outgoing friendly person I met some nice people here along  More

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We were looking for a new city, and Myrtle Beach had had enough press that we were curious to check it out. A 30something and 40something couple, both of us have  More

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If I could give 4.5 instead of 5 I would because Id like to see the traffic flow better with more red lights and see more money put in to landscaping the roadways and  More

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