Panama City, FL 32406 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Panama City, FL — 32406
Median Listing Price
--
Population
--
Households
78,778
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
108K
units
Occupied
78,778
72.7%
Vacant
29,584
27.3%
2024 Tenure
79K
occupied
Owner
52,660
66.8%
Renter
26,118
33.2%
Renter Share
33.2%
+4.5% YoY
Total Housing Units
108,362
+2.0% YoY
FY2026 Fair Market Rent — Bay County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,426
/month
1 BR
$1,480
/month
2 BR
$1,682
/month
3 BR
$2,169
/month
4 BR
$2,689
/month
FMR Trends — Bay County
Source: HUD Fair Market Rents
County Demographics
Median Age
41.0
2024
Population
Bay County Population
199,718
+3.8% YoY
Households
Total Households
78,778
+3.5% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.33
-0.9% YoY
Age
2024 Age Mix
186K
residents
Under 18
39,382
21.1%
Adults 18–64
112,933
60.6%
65 & Over
34,078
18.3%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
39,382
+3.2% YoY
Population 65 & Over
34,078
+3.1% YoY
Median Age
41.00
-1.0% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
82.3%
Moved (within US)
17.1%
Other
0.6%
Veterans
13.6%
-1.4% YoY
County Economy
Income
Median Household Income
$74K
+4.8% YoY
Per-Capita Income
$41K
+5.0% YoY
Mean Household Income
$97K
+4.3% YoY
Poverty
Below Poverty Level
11.9%
+1.7% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
75.1%
Public transit
0.3%
Worked from home
10.1%
Other
14.5%
Worked From Home
10.1%
+14.8% YoY
Mean Commute
23.90
-2.8% YoY
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