Panama City Beach, FL is located on the beautiful Gulf Coast of Florida and has become a popular vacation destination in recent years. This location has seen an increase in housing demand, which has caused median values to rise significantly. According to the data provided, the median value of a home in Panama City Beach is $472,900 compared to the US median value of $338,100. In addition, the 1 year appreciation rate for houses in Panama City Beach is 15.93%, significantly higher than the 8.27% rate seen nationally. These numbers indicate that Panama City Beach may be a great place for people looking for an investment property or a place to call home.
The median home cost in Panama City Beach is $472,900. Home appreciation the last 10 years has been 136.4%. Home Appreciation in Panama City Beach is up 25.0%.
Average Age of Homes
- The median age of Panama City Beach real estate is 17 years old
The Rental Market in Panama City Beach
- Renters make up 14.3% of the Panama City Beach population
- 4.0% of houses and apartments in Panama City Beach, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.