Home values, rents and more in Panama City, FL
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Panama City in ProMap- Under $280k
- $280k–$300k
- $300k–$360k
- $360k–$380k
- $380k+
- No data
How Panama City compares
The typical home in Panama City, FL is worth about $282,000, according to the Zillow Home Value Index for September 2026. Home values in Panama City are 18% below the typical value in the Panama City metro area ($343,000) and 23% below the U.S. typical value ($366,000).
Over the past year, home values in Panama City rose 1.1%, compared with 0.0% in the Panama City metro area and +1.2% nationally.
Typical rent is $1,655 a month (Zillow Observed Rent Index), 5% below the Panama City metro area ($1,735) and 14% below the U.S. ($1,932). Rents rose 0.3% over the past year.
The median household income is $62,265, against $71,514 in the Panama City metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 34,979 people live in Panama City (American Community Survey 2020–24).
Panama City has the 4th-highest typical home value of the 10 cities in the Panama City metro area and the 138th-lowest of 496 in Florida with Zillow figures.
Part of: Bay County, FL · Panama City metro area · Florida
More for Panama City in ProMap Plus
These measures are on the map for subscribers. Open ProMap to see them for Panama City and every other place.
- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Panama City, FL
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.