Real Estate Market Update for 32401 (Panama City, FL)
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 25% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 450-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The number of units sold was consistent year-over-year, and held steady month-over-month. ... an indication that local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 32401 (Panama City, FL)
Area Information for 32401 (Panama City, FL)
  • Population: 23,886
  • Median Age: 41.18 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 2,233/sq mi
  • Population Change Since 2000: -3.31%
  • Closest Airport: Northwest Florida Beaches International
  • Closest College: Gulf Coast Community College
  • Closest Jr. College: Chipola College
  • Median Household Income: $36,152
  • Annual Residential Turnover: 22%
  • Median Home Sales Price: $77,900
  • Closest Major Sports Team: Pensacola Blue Wahoos
  • Change Avg. Household Income Since 2000: 29.97%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 32401 (Panama City, FL)
Median Age: 41.18 Married: 33% Number of Households: 10,204 Households with Children: 2,506
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 32401 (Panama City, FL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Rosenwald High School 0.5 mi Public 8-12 0 0
      Child Care Washington Academy 0.5 mi Public 6-8 0 0
      Bay Regional Juvenile Detention Center 0.6 mi Public 5-12 0 0
      Oscar Patterson Elementary Magnet 0.7 mi Public PRESCHOOL-5 1 2
      Chautauqua Charter School 0.8 mi Public 12-12 0 0
      Holy Nativity Episcopal School 0.9 mi Private PRESCHOOL-8 0 5
      Bay High School 1.0 mi Public 9-12 2-5 3
      Panama City Marine Institute 1.0 mi Public 6-12 0 0
      Merriam Cherry Street Elementary School 1.0 mi Public PRESCHOOL-5 1 4
      Eagle Nest Christian Academy 1.0 mi Private PRESCHOOL-12 0 0
      Jinks Middle School 1.3 mi Public 6-8 1 3
      Almega Preparatory Academy 1.4 mi Private 12-12 0 0
      Margaret K. Lewis In Millville 1.5 mi Public PRESCHOOL-12 0 4
      North Bay Haven Charter Academy Middle School 1.7 mi Public 6-8 4-5 5
      North Bay Haven Career Academy 1.7 mi Public 9-12 5 5
      North Bay Haven Charter Academy Elementary School 1.7 mi Public K-5 4 5
      Exceptional Student Education 1.8 mi Public PRESCHOOL-12 0 0
      Bay Virtual Franchise 1.8 mi Public K-12 2-5 0
      Virtual School 1.8 mi Public K-10 0 0
      Everitt Middle School 1.9 mi Public 6-8 1 2
      Springfield Elementary School 1.9 mi Public PRESCHOOL-5 2 4
      Rutherford High School 1.9 mi Public 9-12 2 3
      Renascence School International 2.3 mi Private PRESCHOOL-8 0 0
      Saint John Catholic School 2.5 mi Catholic PRESCHOOL-8 0 5
      Oakland Terrace School For The Visual And Performing Arts 2.7 mi Public PRESCHOOL-5 1 0
      St. Andrew School 3.4 mi Public K-5 0 1
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 32401 (Panama City, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.