What percentage of people rent in Panama City Beach, FL?

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

40.8% (±3.7 points) of the occupied homes in Panama City Beach, FL are rented (2020–2024 American Community Survey).

That is 3,553 renting households against 5,160 that own their home.

In Panama City Beach, the share of households that rent went from 37.6% in 2015–2019 to 40.8% in 2020–2024 (+3.2 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 40.8% (±3.7 points)
Renting households: 3,553 (±374)
Median renter income: $69,426 (±$10,398)

Who rents and who owns in Panama City Beach

Tenure, estimate (90% margin of error)
	Panama City Beach	Bay County	Florida	United States
Renter-occupied share	40.8% (±3.7 points)	33.2% (±1.4 points)	32.4% (±0.2 points)	34.8%
Renting households	3,553 (±374)	26,118 (±1,149)	2,834,163 (±17,461)	45,017,354
Owning households	5,160 (±395)	52,660 (±1,469)	5,918,647 (±31,594)	84,210,142
Average renter household size	2.0 (±0.2)	2.2 (±0.1)	2.5 (±0.0)	2.3
Average owner household size	2.3 (±0.1)	2.4 (±0.1)	2.5 (±0.0)	2.6
Median renter household income	$69,426 (±$10,398)	$53,005 (±$2,559)	$53,617 (±$353)	$52,966
Median owner household income	$101,451 (±$13,491)	$85,432 (±$2,363)	$88,144 (±$469)	$100,009

In Panama City Beach, the renter share is higher than in Bay County (33.2%).

It is also higher than in Florida (32.4%).

It is higher than the national figure (34.8%).

In Bay County, Panama City Beach ranks 4 of 12 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 199 of 857.

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

How renting in Panama City Beach has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
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 household income	$63,912 (±$4,887)	$80,941 (±$2,656)	+26.6%	No measurable change 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.

Households that rent in places near Panama City Beach

Nearest places with a published estimate, compared with Panama City Beach
Place	Distance	Households that rent	Compared with this place
Panama City Beach	—	40.8% (±3.7 points)	—
Laguna Beach	4.7 mi	27.0% (±6.2 points)	Lower
Upper Grand Lagoon	8.4 mi	37.7% (±5.1 points)	Not measurably different
Lower Grand Lagoon	9.7 mi	29.6% (±5.8 points)	Lower
Pretty Bayou	11 mi	28.6% (±14.1 points)	Not measurably different
Panama City	13 mi	43.7% (±3.4 points)	Not measurably different
Ebro	14 mi	32.7% (±16.3 points)	Not measurably different
Lynn Haven	14 mi	35.6% (±4.3 points)	Not measurably different
Cedar Grove	15 mi	33.4% (±11.1 points)	Not measurably different

Nearby places with a measurably lower figure: Laguna Beach, FL (27.0%), Lower Grand Lagoon, FL (29.6%).

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

Households that rent across Bay County, place by place

Rank	Place	Households that rent
1	Parker	45.9% (±9.1 points)
2	Panama City	43.7% (±3.4 points)
3	Callaway	41.3% (±5.6 points)
4	Panama City Beach	40.8% (±3.7 points)
5	Springfield	38.0% (±6.6 points)
6	Upper Grand Lagoon	37.7% (±5.1 points)
7	Lynn Haven	35.6% (±4.3 points)
8	Cedar Grove	33.4% (±11.1 points)
9	Lower Grand Lagoon	29.6% (±5.8 points)
10	Pretty Bayou	28.6% (±14.1 points)

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

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

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).

Is renting growing in Panama City Beach?

In Panama City Beach, the share of households that rent went from 37.6% in 2015–2019 to 40.8% in 2020–2024 (+3.2 percentage points), not a measurable change.

How big are renting households in Panama City Beach?

A renting household in Panama City Beach has 2.0 people on average, against 2.3 in an owned home.

How much do renters earn in Panama City Beach?

The median renting household in Panama City Beach, FL has an income of $69,426 (±$10,398) a year, against $101,451 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.