Housing in Panama City, FL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$274,900
Median List Price
$299,900
Price Per Sq Ft
$192
Days on Market
56
Active Inventory
264
Months of Supply
5.5
Balanced market
Zillow Home Value
$276,347
ZHVI — January 2026
Zillow Rent Index
$1,783
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
12.5%
Off Market in 2 Weeks
20.8%
Sale-to-List Ratio
96.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
48
New Listings
85
Pending Sales
77
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$192
Median List $/SF
$189
Panama City vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Panama City is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$243,200
Median Rent
$1,334
Total Housing Units
16,643
Vacancy Rate
11.0%
Owner Occupied
55.1%
Renter Occupied
44.9%
Median Property Tax
$1,461
per year
Monthly Cost (w/ Mortgage)
$1,214
Housing Types
The current median sale price in Panama City, FL is $274,900 according to Redfin data. Homes spend a median of 56 days on the market. 12.5% of homes sold above asking price. The market has 5.5 months of supply. The median price per square foot is $192. Zillow's observed rent index is $1,783/month. About 55.1% of housing units are owner-occupied. The median year homes were built is 1977. There are 16,643 total housing units.