Panama City, FL Housing


20 Reviews



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United States / Florida / Panama City Metro Area / Bay County / Panama City / Zip Codes
Panama City, FL is a great place to invest in real estate due to its rising house values and high appreciation rate. The median value of housing in Panama City is $252,800, which is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, while the 1 year appreciation rate in Panama City is a whopping 15.93%. This means that over the course of one year, homes in Panama City will increase drastically in value, providing homeowners with a great opportunity for investment.

The median home cost in Panama City is $252,800. Home appreciation the last 10 years has been 136.4%. Home Appreciation in Panama City is up 25.0%.

Average Age of Homes
- The median age of Panama City real estate is 42 years old
The Rental Market in Panama City
- Renters make up 42.2% of the Panama City population
- 1.4% of houses and apartments in Panama City, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingPanama City, FloridaUnited States
  16,280.0139,647,020.0
  4542
  $252,800$338,100
  25.0%16.6%
  84.5%57.0%
  136.4%101.1%
  $6.85$10.98
  $1,205$2,690
  49.2%57.4%
  9.9%11.2%
  40.9%31.4%
  Vacant Housing
  1.4%1.9%
  0.6%0.4%
  0.2%0.7%
  0.2%0.4%
  1.7%3.6%
  5.7%4.1%
  Value of Owner-Occupied Housing
  2.0%2.6%
  1.7%2.4%
  5.3%2.8%
  3.6%3.9%
  8.6%4.5%
  15.3%11.3%
  20.6%13.0%
  23.4%20.1%
  9.4%13.6%
  4.4%8.3%
  2.3%9.7%
  1.6%3.9%
  0.9%2.2%
  0.3%0.8%
  0.5%1.1%
  Housing Units by Year Structure Built
  0.1%0.2%
  10.2%13.6%
  10.2%13.6%
  13.1%13.6%
  14.8%13.2%
  15.1%14.8%
  13.1%13.6%
  13.4%10.0%
  11.6%4.7%
  6.7%12.2%
Reviews for Panama City
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Ryan · Stow, OH
Worst mistake ever
Over 2 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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Ryan · Stow, OH
Red Neck City, FL
Over 3 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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Lamont · Panama City, FL
Better wait until hurricane recovery is complete.
Over 5 years ago

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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