The housing market in 32409 Panama City, FL is on the rise. According to statistics, the median value of a house in this area is $332,700, which is slightly less than the US median house value of $338,100. However, in the last year alone, the appreciation rate for houses in 32409 Panama City has been 15.93%, far higher than the 8.27% national average for house appreciation over that same period of time. This data suggests that investing in real estate in this area is a wise choice and homeowners should see considerable gains from their investments over the coming years.
The median home cost in Panama City (zip 32409) is $332,700. Home appreciation the last 10 years has been 136.4%. Home Appreciation in Panama City (zip 32409) is up 25.0%.
Average Age of Homes
- The median age of Panama City (zip 32409) real estate is 23 years old
The Rental Market in Panama City (zip 32409)
- Renters make up 10.9% of the Panama City (zip 32409) population
- 1.3% of houses and apartments in Panama City (zip 32409), 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.