Home values, rents and more in ZIP code 32407 (Panama City Beach, FL)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
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How 32407 compares
The typical home in ZIP code 32407 (Panama City Beach, FL) is worth about $393,000, according to the Zillow Home Value Index for September 2026. Home values in 32407 are 15% above the typical value in the Panama City metro area ($343,000) and 7% above the U.S. typical value ($366,000).
Over the past year, home values in 32407 fell 1.8%, compared with 0.0% in the Panama City metro area and +1.2% nationally.
Typical rent is $1,732 a month (Zillow Observed Rent Index), about the same as the Panama City metro area ($1,735) and 10% below the U.S. ($1,932). Rents rose 2.5% over the past year.
The median household income is $80,831, against $71,514 in the Panama City metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 16,404 people live in 32407 (American Community Survey 2020–24).
32407 has the 2nd-highest typical home value of the 13 ZIP codes in the Panama City metro area and the 343rd-highest of 924 in Florida with Zillow figures.
Part of: Panama City Beach, FL · Bay County, FL · Panama City metro area · Florida
More for 32407 in ProMap Plus
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- 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
- Zillow 12-month price forecast
- Crime rates
- School test scores
- 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 ZIP codes
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.