Real Estate Market Update for 32404 (Panama City, FL)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 57% 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 1.2-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 1000%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 190-thousand dollars. The number of units sold increased 200% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 32404 (Panama City, FL)
Area Information for 32404 (Panama City, FL)
  • Population: 39,846
  • Median Age: 39.14 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 309/sq mi
  • Population Change Since 2000: 14.34%
  • Closest Airport: Northwest Florida Beaches International
  • Closest College: Troy University-panama City Campus
  • Closest Jr. College: Chipola College
  • Median Household Income: $51,024
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $114,500
  • Closest Major Sports Team: Pensacola Blue Wahoos
  • Change Avg. Household Income Since 2000: 35.75%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 32404 (Panama City, FL)
Median Age: 39.14 Married: 43% Number of Households: 15,011 Households with Children: 3,939
    • 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 32404 (Panama City, FL)

      School Name Distance Type Grades School Rating Parent Rating
      Merritt Brown Middle School 5.6 mi Public 6-8 3 0
      Tommy Smith Elementary School 5.7 mi Public PRESCHOOL-5 3 0
      Callaway Elementary School 5.9 mi Public PRESCHOOL-5 1 0
      Deer Point Elementary School 7.8 mi Public PRESCHOOL-5 3 0
      Parker Elementary School 8.1 mi Public PRESCHOOL-5 1 0
      North Bay Haven Career Academy 11.6 mi Public 6-12 5 4
      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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 32404 (Panama City, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.