Is Panama City Beach, FL growing?

Name: Growth in Panama City Beach, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Panama City Beach, FL had an estimated 18,971 (±37) residents in 2020–2024, against 12,751 in 2015–2019.

That is a change of +48.8%, a measurable increase.

Its housing went from 16,796 to 21,204 homes (+26.2%), a measurable increase.

2.9% of today’s homes were built in 2020 or later.

Figures last updated on November 12, 2026.

Residents now: 18,971 (±37)
Amount of change: +48.8%
Homes change: +26.2%
Built 2020 or later: 2.9%

Residents and homes in Panama City Beach, 2015–2019 and 2020–2024

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	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
Households that rent	37.6% (±3.5 points)	40.8% (±3.7 points)	+3.2 percentage points	Not a measurable change
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

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.

Growth in Panama City Beach against Bay County, its state and the nation

Change between 2015–2019 and 2020–2024
	Residents	Verdict	Housing units
Panama City Beach	+48.8%	Measurable increase	+26.2%
Bay County	+2.3%	Measurable increase	+5.1%
Florida	+7.2%	Measurable increase	+8.6%
United States	+3.1%	Measurable increase	+4.6%

A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.

New homes in Panama City Beach

Housing units by year built, 2020–2024
Year built	Panama City Beach	Bay County	Florida	United States
2020 or later	2.9% (±1.1 points)	5.3%	3.2%	2.0%
2010 to 2019	12.7% (±1.7 points)	11.7%	11.0%	9.4%
2000 to 2009	39.0% (±2.5 points)	22.6%	18.1%	13.6%

15.6% of the homes in Panama City Beach were built in 2010 or later.

The median age of residents is 45.4 years.

Growth in places near Panama City Beach

Change in residents between 2015–2019 and 2020–2024
Place	Distance	Residents now	Amount of change	Verdict
Panama City Beach	—	18,971	+48.8%	Measurable increase
Laguna Beach	4.7 mi	3,830	−15.0%	Not a measurable change
Upper Grand Lagoon	8.4 mi	17,232	−1.8%	Not a measurable change
Lower Grand Lagoon	9.7 mi	4,287	−6.5%	Not a measurable change
Pretty Bayou	11 mi	2,906	−11.8%	Not a measurable change
Panama City	13 mi	34,979	−4.5%	Measurable decrease
Ebro	14 mi	229	+1.3%	Not a measurable change
Lynn Haven	14 mi	20,081	−4.1%	Measurable decrease
Cedar Grove	15 mi	3,802	+9.8%	Not a measurable change

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

Is Panama City Beach growing?

Panama City Beach, FL had an estimated 18,971 residents in 2020–2024 and 12,751 in 2015–2019, a change of +48.8%: a measurable increase by the Census Bureau’s test.

How many homes have been added in Panama City Beach?

The estimated number of housing units went from 16,796 in 2015–2019 to 21,204 in 2020–2024 (+26.2%), a measurable increase.

How much new construction is there in Panama City Beach?

2.9% of homes in Panama City Beach were built in 2020 or later and 12.7% between 2010 and 2019.

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 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, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M

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.