Housing data for Panama City Beach, FL
Panama City Beach, FL has an estimated 18,971 residents and 21,204 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Bay County.
40.8% of households rent.
The median gross rent is $1,791 a month.
Its population grew measurably since 2015–2019 (+48.8%).
Figures last updated on .
- Residents
- 18,971 (±37)
- Housing units
- 21,204 (±668)
- Households that rent
- 40.8%
- Median gross rent
- $1,791
- Residents since 2015–2019
- +48.8%
What stands out in Panama City Beach
Homes in buildings of 5 or more units: 66.5% (±3.2 points) in Panama City Beach, higher than in Bay County (26.9%).
Homes built before 1980: 8.6% (±2.1 points) in Panama City Beach, lower than in Bay County (24.3%).
Median home value: $441,300 (±$24,333) in Panama City Beach, higher than in Bay County ($310,500).
Median real estate taxes: $2,579 (±$172) in Panama City Beach, higher than in Bay County ($1,807).
- Types of homes in Panama City Beach
- Age of homes in Panama City Beach
- Home values in Panama City Beach
- Property taxes in Panama City Beach
Housing in Panama City Beach at a glance
- Median rent: $1,791 median gross rent a month
- Rent by bedrooms: $1,884 median gross rent, 2 bedrooms
- Rent burden: 59.6% of renters pay 30% or more of income
- Renters and owners: 40.8% of households rent
- Income and affordability: $80,941 median household income
- Home values: $441,300 median home value
- Homeowner costs: $2,186 median monthly cost with a mortgage
- Property taxes: $2,579 median real estate taxes a year
- Types of homes: 66.5% of homes are in buildings of 5 or more units
- Bedrooms: 37.6% of homes have 3 or more bedrooms
- Age of homes: 8.6% of homes were built before 1980
- Vacancy rate: 18.6% rental vacancy rate
- Heating fuel: 80.6% heat with electricity
- Commute and cars: 20.7 minutes average trip to work
- Growth: +48.8% residents since 2015–2019
- How long people stay: 44.7% moved in since 2020
- Crowding and facilities: 2.4% of homes have more than 1 person per room
Panama City Beach against Bay County, its state and the nation
| Panama City Beach | Bay County | Florida | United States | |
|---|---|---|---|---|
| Residents | 18,971 (±37) | 186,393 (exact) | 22,416,077 (exact) | 334,922,499 |
| Housing units | 21,204 (±668) | 108,362 (±78) | 10,256,470 (±942) | 143,775,355 |
| Households that rent | 40.8% (±3.7 points) | 33.2% (±1.4 points) | 32.4% (±0.2 points) | 34.8% |
| Median gross rent | $1,791 (±$61) | $1,484 (±$39) | $1,669 (±$5) | $1,413 |
| Median household income | $80,941 (±$2,656) | $73,533 (±$2,046) | $74,568 (±$284) | $80,734 |
| Median home value | $441,300 (±$24,333) | $310,500 (±$6,825) | $359,000 (±$930) | $332,700 |
| Median real estate taxes (a year) | $2,579 (±$172) | $1,807 (±$76) | $2,730 (±$10) | $3,119 |
| Built before 1980 | 8.6% (±2.1 points) | 24.3% (±1.2 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 20.7 minutes (±2.2) | 23.9 minutes (±0.6) | 28.0 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 94.5% (±1.6 points) | 92.8% (±1.0 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 45.4 years (±2.6) | 41.0 years (±0.3) | 42.6 years (±0.1) | 38.9 years |
Panama City Beach covers 19.3 square miles of land, about 982 residents per square mile (Census Bureau Gazetteer).
How Panama City Beach has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 12,751 (±34) | 18,971 (±37) | +48.8% | Measurable increase |
| Housing units | 16,796 (±391) | 21,204 (±668) | +26.2% | Measurable increase |
| Median gross rent | $1,268 (±$66) | $1,791 (±$61) | +41.2% | Up after inflation |
| Median home value | $243,300 (±$10,948) | $441,300 (±$24,333) | +81.4% | Up after inflation |
| Median household income | $63,912 (±$4,887) | $80,941 (±$2,656) | +26.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,611 (±$69) | $2,186 (±$135) | +35.7% | Up after inflation |
| Median real estate taxes | $1,673 (±$135) | $2,579 (±$172) | +54.2% | Up after inflation |
| Households that rent | 37.6% (±3.5 points) | 40.8% (±3.7 points) | +3.2 percentage points | Not a measurable change |
| Rental vacancy rate | 53.4% (±4.5 points) | 18.6% (±4.8 points) | −34.8 percentage points | Measurable decrease |
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.
ZIP codes in Panama City Beach
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 32407 | 34% | 16,404 | $1,840 | $404,200 | $80,831 |
| 32413 | 13% | 15,453 | $1,702 | $441,300 | $80,039 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Panama City Beach
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Laguna Beach | 4.7 mi | $1,266 | $438,100 | 27.0% |
| Upper Grand Lagoon | 8.4 mi | $1,667 | $373,200 | 37.7% |
| Lower Grand Lagoon | 9.7 mi | $1,323 | $397,200 | 29.6% |
| Pretty Bayou | 11 mi | $1,749 | $298,900 | 28.6% |
| Panama City | 13 mi | $1,327 | $268,900 | 43.7% |
| Ebro | 14 mi | $967 | $191,700 | 32.7% |
| Lynn Haven | 14 mi | $1,563 | $320,000 | 35.6% |
| Cedar Grove | 15 mi | $1,420 | $176,100 | 33.4% |
Places in Florida most like Panama City Beach
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Feather Sound | $1,783 | $415,800 | $87,986 | 32.9% |
| Destin | $1,936 | $490,300 | $89,011 | 30.3% |
| Lower Grand Lagoon | $1,323 | $397,200 | $74,044 | 29.6% |
| Lely Resort | $2,078 | $666,900 | $93,750 | 41.9% |
| Cape Canaveral | $1,318 | $372,400 | $67,276 | 41.4% |
| Juno Beach | $2,527 | $803,400 | $83,821 | 31.4% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Florida.
HUD Fair Market Rent for Panama City Beach, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,414 | $1,517 | $1,651 | $2,101 | $2,567 |
HUD income limits for Panama City Beach, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,800 | $34,650 | $55,400 |
| 2 people | $23,750 | $39,600 | $63,300 |
| 3 people | $27,320 | $44,550 | $71,200 |
| 4 people | $33,000 | $49,450 | $79,100 |
| 5 people | $38,680 | $53,450 | $85,450 |
| 6 people | $44,360 | $57,400 | $91,800 |
| 7 people | $50,040 | $61,350 | $98,100 |
| 8 people | $55,720 | $65,300 | $104,450 |
These are the limits HUD sets for its housing programs in the Panama City, FL HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $98,900.
A program can use its own limits; tax-credit and local programs often do.
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 Panama City Beach
What is the average rent in Panama City Beach, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Panama City Beach is $1,791 (±$61) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Panama City Beach?
The median gross rent for a one-bedroom home in Panama City Beach, FL is $1,720 (±$43) a month (2020–2024 American Community Survey).
Are renters in Panama City Beach rent-burdened?
59.6% of renting households in Panama City Beach pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Panama City Beach?
Panama City Beach has an estimated 3,553 (±374) renting households, 40.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Panama City Beach?
The median household income in Panama City Beach is $80,941 (±$2,656) a year (2020–2024 American Community Survey).
What is the average home value in Panama City Beach, FL?
The Census Bureau publishes the median: $441,300 (±$24,333) for owner-occupied homes in Panama City Beach (2020–2024 American Community Survey).
Is Panama City Beach growing?
In Panama City Beach, the number of residents went from 12,751 in 2015–2019 to 18,971 in 2020–2024 (+48.8%), a measurable increase.
What ZIP codes are in Panama City Beach?
The ZIP codes that cover Panama City Beach are 32407, 32413.
What is the median rent in ZIP code 32407?
The median gross rent in ZIP Code Tabulation Area 32407 is $1,840 (±$79) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Panama City Beach city, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Panama City Beach city, Florida
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Panama City Beach city, Florida
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Panama City Beach city, Florida
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Panama City Beach city, Florida
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Panama City Beach city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Panama City Beach city, Florida
- HUD Fair Market Rents, fiscal year 2027: Panama City, FL HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Panama City, FL HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 Panama City Beach city, Florida (place:54725, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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.
Figures last updated on .