Housing in Panama City Beach, FL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$386,000

Median List Price

$419,000

Price Per Sq Ft

$330

Days on Market

149

Active Inventory

871

Months of Supply

12.1

Buyer's market

Zillow Home Value

$407,799

ZHVI — January 2026

Zillow Rent Index

$1,641

ZORI — January 2026

Price Trends

Source: Redfin

Sale Price ↓ 8.6%List Price ↓ 6.9%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

2.8%

Off Market in 2 Weeks

11.6%

Sale-to-List Ratio

94.7%

Buyer's market

Sold Above Asking

2.8%

Under Contract in 2 Wks

11.6%

Listings with Price Drops

25.3%

Market Activity

Source: Redfin

Homes Sold

New Listings

168

Pending Sales

112

Homes Sold ↓ 20.0%New Listings ↓ 37.5%Pending ↓ 5.9%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$330

Median List $/SF

$395

Sale $/SF ↓ 5.2%List $/SF ↓ 8.1%Mar 24 → Jan 26

Panama City Beach vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Panama City Beach is highlighted.

Median Home Value

85th%ilemost expensive$417,800show rank

Median Rent

88th%ilemost expensive rent$1,737show rank

Median Price Per Sq Ft

86th%ilemost expensive $/sqft$330show rank

Rent Burden

88th%ilehighest rent burden26.4%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$417,800

Median Rent

$1,737

Total Housing Units

21,078

Vacancy Rate

59.8%

Owner Occupied

62.1%

Renter Occupied

37.9%

Median Property Tax

$2,473

per year

Monthly Cost (w/ Mortgage)

$1,485

Housing Types

Single Family

29.1%

Multi-Family

69.1%

Mobile Home

1.8%

The current median sale price in Panama City Beach, FL is $386,000 according to Redfin data. Homes spend a median of 149 days on the market. 2.8% of homes sold above asking price. The market has 12.1 months of supply. The median price per square foot is $330. Zillow's observed rent index is $1,641/month. About 62.1% of housing units are owner-occupied. The median year homes were built is 2000. There are 21,078 total housing units.