The housing median value in 32407 Panama City Beach, FL is $402,000. This is quite a bit higher than the US median value of $338,100 and indicates that this area has more expensive housing compared with the average across the country. Furthermore, the one-year house appreciation rate in this area was 15.93%, which is significantly higher than the US average of 8.27%. This demonstrates that this particular area is an attractive place to invest in property as it promises to yield greater returns than other parts of the country.
The median home cost in Panama City Beach (zip 32407) is $402,000. Home appreciation the last 10 years has been 136.4%. Home Appreciation in Panama City Beach (zip 32407) is up 25.0%.
Average Age of Homes
- The median age of Panama City Beach (zip 32407) real estate is 21 years old
The Rental Market in Panama City Beach (zip 32407)
- Renters make up 28.9% of the Panama City Beach (zip 32407) population
- 3.2% of houses and apartments in Panama City Beach (zip 32407), 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.