Real Estate Market Update for Panama City, FL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 29% from one year earlier, and up 29% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 35%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 210-thousand dollars. The number of units sold increased 33% 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: 38,896
  • Median Age: 40.51 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 1,111/sq mi
  • Population Change Since 2000: 6.32%
  • Closest Airport: Northwest Florida Beaches International
  • Closest College: Gulf Coast Community College
  • Closest Jr. College: Chipola College
  • Median Household Income: $39,192
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $152,000
  • Closest Major Sports Team: Pensacola Blue Wahoos
  • Change Avg. Household Income Since 2000: 30.6%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Panama City, FL
Median Age: 40.51 Married: 34% Number of Households: 15,954 Households with Children: 3,781
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
      Patronis Elementary School 3.6 mi Public K-5 4 0
      J.r. Arnold High School 3.7 mi Public 9-12 3 0
      Lucille Moore Elementary School 3.8 mi Public PRESCHOOL-5 1 0
      Palm Bay Preparatory Academy 4.0 mi Public 6-12 1 0
      Bacot Academy Inc 4.1 mi Private 1-11 0 0
      Covenant Christian School 4.3 mi Private PRESCHOOL-12 0 0
      University Academy (sabl, Inc.) 4.4 mi Public K-8 5 0
      Breakfast Point Academy 4.5 mi Public K-8 3 0
      Adventist Christian Academy 4.6 mi Private PRESCHOOL-8 0 0
      Rising Leaders Academy 4.9 mi Public K-12 5 0
      Panama City Advanced School 5.1 mi Private PRESCHOOL-12 0 0
      St. Andrew School 5.1 mi Public PRESCHOOL-5 0 0
      Hutchison Beach Elementary School 5.2 mi Public K-5 2 0
      Central High School 5.3 mi Public 9-12 1 0
      Northside Elementary School 5.3 mi Public PRESCHOOL-5 2 0
      Saint John Catholic School 5.4 mi Catholic PRESCHOOL-8 0 0
      Exceptional Student Education 5.8 mi Public PRESCHOOL-12 0 0
      Bay Virtual Instruction Program 5.8 mi Public K-10 0 0
      Bay Virtual Franchise 5.8 mi Public K-12 4 0
      Surfside Middle School 5.9 mi Public 6-8 3 0
      Kaleidoscope School Of Discovery 5.9 mi Private K-12 0 0
      North Bay Haven Charter Academy Elementary School 6.0 mi Public K-5 4 0
      Jinks Middle School 6.3 mi Public 6-8 1 0
      Tom P Haney Vocational Technical Center 6.4 mi Public UNGRADE-UNGRADE 0 0
      New Horizons Learning Center 6.6 mi Public 6-12 0 0
      Bay High School 6.7 mi Public 9-12 3 0
      Chautauqua Charter School 6.8 mi Public 12-12 0 0
      Panama City Marine Institute 7.3 mi Public 6-12 0 0
      Hiland Park Elementary School 7.7 mi Public PRESCHOOL-5 1 0
      Child Care Washington Academy 7.8 mi Public 6-8 0 0
      Rosenwald High School 7.8 mi Public 8-12 0 0
      Bay Haven Charter Middle School 7.8 mi Public K-8 4 0
      Bay Haven Charter Academy 7.8 mi Public K-8 4 0
      West Bay Elementary School 7.8 mi Public K-5 3 0
      Holy Nativity Episcopal School 7.9 mi Private PRESCHOOL-8 0 0
      Oscar Patterson Elementary Magnet 7.9 mi Public PRESCHOOL-5 0 0
      Eagle Nest Christian Academy 8.1 mi Private PRESCHOOL-12 0 0
      Southport Elementary School 8.3 mi Public PRESCHOOL-5 2 0
      Merriam Cherry Street Elementary School 8.3 mi Public PRESCHOOL-5 3 0
      Cedar Grove Elementary School 8.6 mi Public PRESCHOOL-5 0 0
      Rutherford High School 9.1 mi Public 6-12 2 0
      Margaret K. Lewis In Millville 9.1 mi Public PRESCHOOL-12 0 0
      Everitt Middle School 9.3 mi Public 6-8 1 0
      Springfield Elementary School 9.3 mi Public PRESCHOOL-5 0 0
      North Bay Haven Career Academy 9.6 mi Public 6-12 5 0
      North Bay Haven Charter Academy Middle School 9.6 mi Public 6-8 4 0
      Deer Point Elementary School 10.1 mi Public PRESCHOOL-5 2 0
      Parker Elementary School 11.0 mi Public PRESCHOOL-5 1 0
      Tommy Smith Elementary School 11.5 mi Public PRESCHOOL-5 3 0
      Merritt Brown Middle School 11.6 mi Public 6-8 2 0
      Tyndall Elementary School 11.9 mi Public PRESCHOOL-5 4 0
      Callaway Elementary School 12.0 mi Public PRESCHOOL-5 1 0
      Deane Bozeman School 12.7 mi Public PRESCHOOL-12 4 0
      Ohana Institute 15.8 mi Private 2-12 0 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.
      Local Weather for Panama City, FL
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.