Panama City-Panama City Beach
Florida · Ranked #191 of 373 metros
75Affordable
💡
Housing in Panama City-Panama City Beach costs 4.49× the median income, below the national average of 4.5×. The median home price is $313K and median rent is $1,506/month. Panama City-Panama City Beach ranks #191 of 373 metros for affordability.
Median Home Price
🏠$313K
Need $93K income
Median Rent
🔑$1,506
Need $60K income
Building Permits
🔨2,690
annual
Median Income
💰$70K
Pop: 226,938
Rent Burden
⚠️19.6%
of renters paying >30%
Homeownership
🏡70.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Panama City-Panama City Beach | National |
|---|---|---|
| Price-to-Income Ratio | 4.49x | 6.1x |
| Rent Burden | 19.6% | 31.5% |
| Homeownership Rate | 70.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
Zillow Market Data
Home Value (ZHVI)
$338K
1yr: -3.1%5yr: +29.4%
Rent (ZORI)
$1,673/mo
1yr: +1.0%5yr: +22.7%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$360K
Active Inventory
1,466
Days on Market
102
Sold Above List
7.6%
Price Drops
25.3%