What is the rental vacancy rate in Lower Grand Lagoon, FL?

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

The rental vacancy rate in Lower Grand Lagoon, FL is 43.0% (±8.4 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 2.6% (±2.5 points).

4,834 (±342) homes, 67.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Lower Grand Lagoon, the rental vacancy rate went from 49.8% in 2015–2019 to 43.0% in 2020–2024 (−6.8 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 43.0% (±8.4 points)
Homeowner vacancy rate: 2.6% (±2.5 points)
Vacant homes: 4,834 (±342)

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

Estimate (90% margin of error)
	Lower Grand Lagoon	Bay County	Florida	United States
Rental vacancy rate	43.0% (±8.4 points)	11.7% (±2.0 points)	7.6% (±0.2 points)	5.5%
Homeowner vacancy rate	2.6% (±2.5 points)	1.5% (±0.7 points)	1.4% (±0.1 points)	0.9%
Vacant housing units	4,834 (±342)	29,584 (±1,219)	1,503,660 (±20,826)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Lower Grand Lagoon, the rental vacancy rate is higher than in Bay County (11.7%).

It is also higher than in Florida (7.6%).

It is higher than the national figure (5.5%).

Rental vacancy rate in places near Lower Grand Lagoon

Nearest places with a published estimate, compared with Lower Grand Lagoon
Place	Distance	Rental vacancy rate	Compared with this place
Lower Grand Lagoon	—	43.0% (±8.4 points)	—
Upper Grand Lagoon	2.2 mi	10.7% (±6.0 points)	Lower
Pretty Bayou	5.1 mi	17.8% (±21.5 points)	Lower
Panama City	5.2 mi	9.2% (±2.8 points)	Lower
Cedar Grove	7.9 mi	12.1% (±13.2 points)	Lower
Springfield	9.1 mi	4.5% (±5.1 points)	Lower
Parker	9.1 mi	12.1% (±10.5 points)	Lower
Lynn Haven	9.3 mi	3.1% (±2.7 points)	Lower
Panama City Beach	9.7 mi	18.6% (±4.8 points)	Lower

Nearby places with a measurably lower figure: Upper Grand Lagoon, FL (10.7%), Pretty Bayou, FL (17.8%), Panama City, FL (9.2%).

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

Rental vacancy rate across Bay County, place by place

Rank	Place	Rental vacancy rate
1	Lower Grand Lagoon	43.0% (±8.4 points)
2	Mexico Beach	31.9% (±15.2 points)
3	Laguna Beach	31.6% (±15.5 points)
4	Panama City Beach	18.6% (±4.8 points)
5	Pretty Bayou	17.8% (±21.5 points)
6 (tie)	Cedar Grove	12.1% (±13.2 points)
6 (tie)	Parker	12.1% (±10.5 points)

Showing 7 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.

What you can do on Seayora in Lower Grand Lagoon

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Lower Grand Lagoon, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Lower Grand Lagoon beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Lower Grand Lagoon, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Lower Grand Lagoon

Is it hard to find a rental in Lower Grand Lagoon?

The rental vacancy rate in Lower Grand Lagoon, FL is 43.0% (±8.4 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Lower Grand Lagoon tighter than it was?

In Lower Grand Lagoon, the rental vacancy rate went from 49.8% in 2015–2019 to 43.0% in 2020–2024 (−6.8 percentage points), not a measurable change.

How many homes are vacant in Lower Grand Lagoon?

An estimated 4,834 (±342) housing units, 67.1% of the total, including seasonal homes and homes waiting to be sold or rented.

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 DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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.