What is the median home value in Lower Grand Lagoon, FL?

Name: Home values in Lower Grand Lagoon, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Lower Grand Lagoon, FL is $397,200 (±$41,646), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Lower Grand Lagoon, the median home value went from $232,600 in 2015–2019 to $397,200 in 2020–2024 (+70.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $397,200 (±$41,646)
Owner-occupied homes: 1,670 (±269)
Most common range: $300,000 to $499,999

Home values in Lower Grand Lagoon

Owner-occupied homes by value, 2020–2024
Value	Lower Grand Lagoon	Bay County	Florida	United States
Less than $50,000	2.0% (±2.4 points)	4.8%	4.9%	5.3%
$50,000 to $99,999	1.4% (±1.5 points)	5.5%	4.3%	6.1%
$100,000 to $149,999	4.2% (±2.9 points)	5.9%	4.6%	6.8%
$150,000 to $199,999	6.3% (±4.1 points)	9.7%	6.8%	9.0%
$200,000 to $299,999	15.0% (±4.9 points)	21.7%	17.9%	17.8%
$300,000 to $499,999	36.0% (±8.3 points)	34.8%	34.5%	26.9%
$500,000 to $999,999	29.6% (±7.8 points)	14.8%	21.1%	20.9%
$1,000,000 or more	5.5% (±2.8 points)	2.9%	5.9%	7.1%

The most common range is $300,000 to $499,999, 36.0% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Lower Grand Lagoon against Bay County, its state and the nation

Estimate (90% margin of error)
	Lower Grand Lagoon	Bay County	Florida	United States
Median home value	$397,200 (±$41,646)	$310,500 (±$6,825)	$359,000 (±$930)	$332,700
Owner-occupied homes	1,670 (±269)	52,660 (±1,469)	5,918,647 (±31,594)	84,210,142

In Lower Grand Lagoon, the median home value is higher than in Bay County ($310,500).

It is not measurably different from Florida ($359,000).

It is higher than the national figure ($332,700).

In Bay County, Lower Grand Lagoon ranks 4 of 12 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 286 of 838.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Lower Grand Lagoon have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$232,600 (±$23,231)	$397,200 (±$41,646)	+70.8%	Up after inflation
Median owner cost with a mortgage	$1,446 (±$109)	$2,112 (±$188)	+46.1%	Up after inflation
Median real estate taxes	$1,646 (±$140)	$2,384 (±$177)	+44.8%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Lower Grand Lagoon

Nearest places with a published estimate, compared with Lower Grand Lagoon
Place	Distance	Median home value	Compared with this place
Lower Grand Lagoon	—	$397,200 (±$41,646)	—
Upper Grand Lagoon	2.2 mi	$373,200 (±$19,237)	Not measurably different
Pretty Bayou	5.1 mi	$298,900 (±$71,575)	Lower
Panama City	5.2 mi	$268,900 (±$16,269)	Lower
Cedar Grove	7.9 mi	$176,100 (±$74,384)	Lower
Springfield	9.1 mi	$188,600 (±$22,757)	Lower
Parker	9.1 mi	$224,200 (±$48,904)	Lower
Lynn Haven	9.3 mi	$320,000 (±$15,947)	Lower
Panama City Beach	9.7 mi	$441,300 (±$24,333)	Not measurably different

Nearby places with a measurably lower figure: Pretty Bayou, FL ($298,900), Panama City, FL ($268,900), Cedar Grove, FL ($176,100).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Bay County, place by place

Rank	Place	Median home value
1	Mexico Beach	$466,300 (±$64,979)
2	Panama City Beach	$441,300 (±$24,333)
3	Laguna Beach	$438,100 (±$45,138)
4	Lower Grand Lagoon	$397,200 (±$41,646)
5	Upper Grand Lagoon	$373,200 (±$19,237)
6	Lynn Haven	$320,000 (±$15,947)
7	Pretty Bayou	$298,900 (±$71,575)
8	Panama City	$268,900 (±$16,269)
9	Callaway	$250,300 (±$16,374)
10	Parker	$224,200 (±$48,904)

Showing 10 of 12 places in Bay County, ranked from highest to lowest.

Lower Grand Lagoon is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lower Grand Lagoon

What is the average home value in Lower Grand Lagoon, FL?

The Census Bureau publishes the median: $397,200 (±$41,646) for owner-occupied homes in Lower Grand Lagoon (2020–2024 American Community Survey).

Have home values in Lower Grand Lagoon gone up?

In Lower Grand Lagoon, the median home value went from $232,600 in 2015–2019 to $397,200 in 2020–2024 (+70.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Lower Grand Lagoon sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lower Grand Lagoon CDP, Florida (place:41562, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.