Real Estate Market Update for Panama City, FL
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 12% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 57%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 150-thousand dollars. The number of units sold increased 50% year-over-year, and increased 50% 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 Panama City, FL
Area Information for Panama City, FL
  • Population: 38,561
  • Median Age: 40.13 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 1,316/sq mi
  • Population Change Since 2000: 6.14%
  • Closest Airport: Northwest Florida Beaches International
  • Closest College: Gulf Coast Community College
  • Closest Jr. College: Chipola College
  • Median Household Income: $39,211
  • Annual Residential Turnover: 22%
  • Median Home Sales Price: $98,000
  • Closest Major Sports Team: Pensacola Blue Wahoos
  • Change Avg. Household Income Since 2000: 24.89%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Panama City, FL
Median Age: 40.13 Married: 35% Number of Households: 15,837 Households with Children: 4,037
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 Panama City, FL

      School Name Distance Type Grades School Rating Parent Rating
      Lucille Moore Elementary School 0.7 mi Public PRESCHOOL-5 0 0
      Palm Bay Preparatory 1.1 mi Public 6-12 2 0
      Palm Bay Preparatory Academy 1.1 mi Public 9-12 3 3
      St. Andrew School 1.4 mi Public K-5 0 0
      Covenant Christian School 1.5 mi Private PRESCHOOL-12 0 0
      Rising Leaders Academy 1.8 mi Public K-5 5 0
      Adventist Christian Academy 2.0 mi Private PRESCHOOL-9 0 0
      Oakland Terrace School For The Visual And Performing Arts 2.1 mi Public PRESCHOOL-5 0 0
      Saint John Catholic School 2.4 mi Catholic PRESCHOOL-8 0 0
      Northside Elementary School 2.4 mi Public PRESCHOOL-5 2 0
      Renascence School International 2.5 mi Private PRESCHOOL-8 0 0
      Exceptional Student Education 2.8 mi Public PRESCHOOL-12 0 0
      Bay Virtual Franchise 2.8 mi Public K-12 0 4
      Bay Virtual Instruction Program 2.8 mi Public K-10 0 0
      North Bay Haven Career Academy 2.9 mi Public 6-12 5 4
      North Bay Haven Charter Academy Middle School 2.9 mi Public 6-8 4 0
      North Bay Haven Charter Academy Elementary School 2.9 mi Public K-5 4 0
      Panama City Advanced School 3.0 mi Private PRESCHOOL-12 0 0
      Patronis Elementary School 3.2 mi Public K-5 4 0
      Kaleidoscope School Of Discovery 3.2 mi Private K-12 0 0
      Jinks Middle School 3.3 mi Public 6-8 1 0
      Almega Preparatory Academy 3.3 mi Private 12-12 0 0
      University Academy (sabl, Inc.) 3.5 mi Public K-6 5 0
      Bay High School 3.7 mi Public 9-12 3 3
      Chautauqua Charter School 3.8 mi Public 12-12 0 0
      Bay Regional Juvenile Detention Center 4.0 mi Public 5-12 0 0
      Tom P Haney Vocational Technical Center 4.0 mi Public UNGRADE-UNGRADE 0 0
      Panama City Marine Institute 4.3 mi Public 6-12 0 0
      New Horizons Learning Center 4.3 mi Public 6-12 1 0
      St. Bernadette Catholic School 4.6 mi Catholic K-4 0 0
      Child Care Washington Academy 4.8 mi Public 6-8 0 0
      Rosenwald High School 4.8 mi Public 8-12 0 0
      Holy Nativity Episcopal School 4.8 mi Private PRESCHOOL-8 0 0
      Oscar Patterson Elementary Magnet 5.0 mi Public PRESCHOOL-5 0 0
      Eagle Nest Christian Academy 5.1 mi Private PRESCHOOL-12 0 0
      Merriam Cherry Street Elementary School 5.3 mi Public PRESCHOOL-5 1 0
      Hiland Park Elementary School 5.3 mi Public PRESCHOOL-5 1 0
      Bacot Academy Inc 5.3 mi Private 1-11 0 0
      Bay Haven Charter Middle School 5.7 mi Public K-8 5 4
      Bay Haven Charter Academy 5.7 mi Public K-8 5 0
      Cedar Grove Elementary School 5.8 mi Public PRESCHOOL-5 0 0
      J.r. Arnold High School 6.0 mi Public 9-12 3 3
      Margaret K. Lewis In Millville 6.1 mi Public PRESCHOOL-12 0 0
      Breakfast Point Academy 6.1 mi Public K-8 4 0
      Rutherford High School 6.2 mi Public 9-12 2 3
      Everitt Middle School 6.4 mi Public 6-8 1 0
      Springfield Elementary School 6.4 mi Public PRESCHOOL-5 0 0
      Hutchison Beach Elementary School 7.4 mi Public K-5 2 0
      Parker Elementary School 8.0 mi Public PRESCHOOL-5 1 0
      Southport Elementary School 8.0 mi Public PRESCHOOL-5 2 0
      Surfside Middle School 8.2 mi Public 6-8 3 0
      Deer Point Elementary School 8.8 mi Public PRESCHOOL-5 3 0
      Tyndall Elementary School 8.9 mi Public PRESCHOOL-5 4 0
      Callaway Elementary School 9.2 mi Public PRESCHOOL-5 1 0
      Tommy Smith Elementary School 9.7 mi Public PRESCHOOL-5 3 0
      Merritt Brown Middle School 9.8 mi Public 6-8 3 0
      West Bay Elementary School 10.9 mi Public PRESCHOOL-5 0 0
      Deane Bozeman School 14.1 mi Public PRESCHOOL-12 3 0
      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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 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.