2025 Compare Cities Housing:
Panama City, FL vs Franklin, NC

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Highlights
- The median age of a home in Panama City is 6.7% older than the median age of a home in Franklin.
 Panama City, FLFranklin, NCUnited States
 Median Home Age45  Unlock42
 Median Home Cost  Unlock$258,900$338,100
 Home Appr. Last 12 months25.0%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock71.4%57.0%
 Home Appr. Last 10 yrs.136.4%  Unlock101.1%
 Property Tax Rate  Unlock$4.7$11.0
 Homes Owned49.2%  Unlock57.4%
 Housing Vacant  Unlock14.5%11.2%
 Homes Rented40.9%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Panama City, FLFranklin, NCUnited States
 Average Rent  Unlock$1,040$1,840
 Studio Apartment$990  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$760$1,180
 2 Bedroom Home or Apartment$1,220  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,050$1,860
 4 Bedroom Home or Apartment$2,070  Unlock$2,160
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 Vacant Housing
 Panama City, FLFranklin, NCUnited States
 Vacant For Rent  Unlock0.0%1.9%
 Vacant Rented0.6%  Unlock0.4%
 Vacant For Sale  Unlock1.3%0.7%
 Vacant Sold0.2%  Unlock0.4%
 Vacant Vacation  Unlock5.6%3.6%
 Vacant Other5.7%  Unlock4.1%
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 Owner-Occupied Housing Value
 Panama City, FLFranklin, NCUnited States
 Less Than $20,000  Unlock5.0%2.6%
 $20,000 to $39,9991.7%  Unlock2.4%
 $40,000 to $59,999  Unlock1.3%2.8%
 $60,000 to $79,9993.6%  Unlock3.9%
 $80,000 to $99,999  Unlock9.3%4.5%
 $100,000 to $149,99915.3%  Unlock11.3%
 $150,000 to $199,999  Unlock31.2%13.0%
 $200,000 to $299,99923.4%  Unlock20.1%
 $300,000 to $399,999  Unlock2.3%13.6%
 $400,000 to $499,9994.4%  Unlock8.3%
 $500,000 to $749,999  Unlock2.2%9.7%
 $750,000 to $999,9991.6%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.3%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
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 Housing Units By Year Built
 Panama City, FLFranklin, NCUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock11.1%13.6%
 2000 to 200910.2%  Unlock13.6%
 1990 to 1999  Unlock11.7%13.6%
 1980 to 198914.8%  Unlock13.2%
 1970 to 1979  Unlock21.0%14.8%
 1960 to 196913.1%  Unlock13.6%
 1950 to 1959  Unlock8.4%10.0%
 1940 to 194911.6%  Unlock4.7%
 1939 or Earlier  Unlock12.6%12.2%
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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Reviews for Franklin    4 Reviews

Great mountain town. Friendly people and lots to do.  More

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Over 10 years ago

I agree with some of the posts on here saying that Franklin is more than willing to take your money, but it's difficult to fit in if you 'aren't from around here, are  More

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Franklin will welcome you if you are a vacationer but move here and it is a whole different story. We are one of those families that would vacation here every year and  More

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