Zip 32401 (Panama City, FL) Housing

The housing market in 32401 Panama City, FL is booming. The median value of a home in this area is $202,000, which is significantly less than the US median of $338,100. However, the 1 year house appreciation rate in this area is 15.93%, compared to 8.27% nationally. This makes it a great time to buy or invest in real estate in 32401 Panama City, FL as property values continue to rise rapidly.

The median home cost in Panama City (zip 32401) is $202,000. Home appreciation the last 10 years has been 136.4%. Home Appreciation in Panama City (zip 32401) is up 25.0%.

Average Age of Homes

- The median age of Panama City (zip 32401) real estate is 54 years old

The Rental Market in Panama City (zip 32401)

- Renters make up 38.8% of the Panama City (zip 32401) population
- 1.4% of houses and apartments in Panama City (zip 32401), 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
	10,116.0	139,647,020.0
	57	42
	$202,000	$338,100
	25.0%	16.6%
	84.5%	57.0%
	136.4%	101.1%
	$6.30	$10.98
	$960	$2,690
	46.6%	57.4%
	13.0%	11.2%
	40.4%	31.4%
Vacant Housing
	1.4%	1.9%
	0.6%	0.4%
	0.8%	0.7%
	0.8%	0.4%
	1.9%	3.6%
	7.5%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	2.2%	2.4%
	9.1%	2.8%
	5.0%	3.9%
	12.6%	4.5%
	17.1%	11.3%
	20.2%	13.0%
	15.3%	20.1%
	5.3%	13.6%
	3.5%	8.3%
	3.5%	9.7%
	1.5%	3.9%
	1.5%	2.2%
	0.2%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	10.8%	13.6%
	10.8%	13.6%
	9.5%	13.6%
	9.7%	13.2%
	9.0%	14.8%
	9.5%	13.6%
	17.7%	10.0%
	17.3%	4.7%
	11.2%	12.2%

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