Panama City Metro Area, FL Housing

The Panama City, FL Metro Area is experiencing a booming housing market, with a median home value of $347,000 compared to the US median house value of $338,100. This is an 8.27% increase in home values in the US over the last year but in Panama City, FL that number jumps to an impressive 18.62%. This reflects the strong growth seen in this area and shows that it is an attractive destination for potential home buyers who are looking for property with higher appreciation potential.

The median home cost in Panama City Metro Area is $347,000. Home appreciation the last 10 years has been 136.4%. Home Appreciation in Panama City Metro Area is up 25.0%.

Average Age of Homes

- The median age of Panama City Metro Area real estate is 29 years old

The Rental Market in Panama City Metro Area

- Renters make up 25.3% of the Panama City Metro Area population
- 2.4% of houses and apartments in Panama City Metro Area, 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

Housing	Panama City, Florida	United States
	102,883.0	139,647,020.0
	31	42
	$347,000	$338,100
	25.0%	16.6%
	84.5%	57.0%
	136.4%	101.1%
	$6.36	$10.98
	$1,336	$2,690
	48.0%	57.4%
	29.2%	11.2%
	22.8%	31.4%
Vacant Housing
	2.4%	1.9%
	0.4%	0.4%
	1.0%	0.7%
	0.4%	0.4%
	19.6%	3.6%
	5.2%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	2.4%	2.4%
	3.5%	2.8%
	3.8%	3.9%
	5.1%	4.5%
	12.8%	11.3%
	16.4%	13.0%
	27.3%	20.1%
	14.0%	13.6%
	6.2%	8.3%
	3.0%	9.7%
	1.3%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	24.2%	13.6%
	24.2%	13.6%
	18.5%	13.6%
	21.8%	13.2%
	13.2%	14.8%
	18.5%	13.6%
	4.6%	10.0%
	3.1%	4.7%
	1.5%	12.2%

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