Panama City, FL Metro Area - Investment Guide
Metro Area • 6 Cities • 10 ZIP Codes
Avg Home Value
$327,969
Avg Monthly Rent
$1,682
Avg Cap Rate
4.29%
Avg Investability
3.0 ★
Cities
6
ZIP Codes
10
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
❄️
COOL MARKET
Panama City, FL Metro Area
More inventory, negotiating room for buyers
111 days
Average time to sell
Slow
7.4%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Panama City, FL
Every ZIP in the metro, ranked four ways. Free.
Cities in Panama City, FL
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 32408 | Panama City Beach | FL | $371,472 | $1,717 | 3.61% | |
| 32466 | Youngstown | FL | $261,188 | $1,305 | 3.90% | |
| 32401 | Panama City | FL | $207,592 | $1,554 | 5.84% | |
| 32404 | Panama City | FL | $285,371 | $1,797 | 4.91% | |
| 32413 | Panama City Beach | FL | $471,415 | $1,673 | 2.77% | |
| 32405 | Panama City | FL | $289,706 | $1,701 | 4.58% | |
| 32438 | Fountain | FL | $164,271 | $1,305 | 6.20% | |
| 32444 | Lynn Haven | FL | $328,762 | $1,971 | 4.68% | |
| 32407 | Panama City Beach | FL | $398,865 | $1,684 | 3.29% | |
| 32408 | Panama City Beach | FL | $369,928 | $1,905 | 4.02% | |
| 32456 | Port Saint Joe | FL | $485,441 | $1,971 | 3.17% | |
| 32401 | Panama City | FL | $217,902 | $1,648 | 5.90% | |
| 32413 | Panama City Beach | FL | $464,506 | $1,769 | 2.97% | |
| 32466 | Youngstown | FL | $275,674 | $1,305 | 3.69% | |
| 32404 | Panama City | FL | $288,005 | $1,752 | 4.74% | |
| 32438 | Fountain | FL | $145,460 | $1,305 | 7.00% | |
| 32405 | Panama City | FL | $298,069 | $1,621 | 4.24% | |
| 32444 | Lynn Haven | FL | $321,493 | $2,036 | 4.94% | |
| 32456 | Port Saint Joe | FL | $488,459 | $1,719 | 2.75% | |
| 32407 | Panama City Beach | FL | $398,358 | $1,622 | 3.18% | |
| 32408 | Panama City Beach | FL | $371,408 | $1,719 | 3.61% | |
| 32466 | Youngstown | FL | $259,970 | $1,305 | 3.92% | |
| 32401 | Panama City | FL | $207,592 | $1,554 | 5.84% | |
| 32404 | Panama City | FL | $285,371 | $1,797 | 4.91% | |
| 32413 | Panama City Beach | FL | $471,615 | $1,667 | 2.76% | |
| 32405 | Panama City | FL | $289,706 | $1,701 | 4.58% | |
| 32438 | Fountain | FL | $162,942 | $1,305 | 6.25% | |
| 32444 | Lynn Haven | FL | $327,569 | $1,981 | 4.72% | |
| 32407 | Panama City Beach | FL | $398,865 | $1,684 | 3.29% | |
| 32408 | Panama City Beach | FL | $369,928 | $1,905 | 4.02% | |
| 32456 | Port Saint Joe | FL | $477,082 | $1,599 | 2.61% | |
| 32413 | Panama City Beach | FL | $464,506 | $1,769 | 2.97% | |
| 32466 | Youngstown | FL | $274,422 | $1,305 | 3.71% | |
| 32401 | Panama City | FL | $214,139 | $1,636 | 5.96% | |
| 32404 | Panama City | FL | $285,214 | $1,756 | 4.80% | |
| 32438 | Fountain | FL | $145,460 | $1,305 | 7.00% | |
| 32405 | Panama City | FL | $292,529 | $1,620 | 4.32% | |
| 32444 | Lynn Haven | FL | $321,493 | $2,036 | 4.94% | |
| 32456 | Port Saint Joe | FL | $488,459 | $1,719 | 2.75% | |
| 32407 | Panama City Beach | FL | $397,705 | $1,602 | 3.14% | |
| 32408 | Panama City Beach | FL | $368,989 | $1,776 | 3.75% | |
| 32466 | Youngstown | FL | $259,970 | $1,305 | 3.92% | |
| 32401 | Panama City | FL | $218,437 | $1,602 | 5.72% | |
| 32413 | Panama City Beach | FL | $467,963 | $1,659 | 2.76% | |
| 32404 | Panama City | FL | $288,185 | $1,870 | 5.06% | |
| 32438 | Fountain | FL | $157,238 | $1,305 | 6.47% | |
| 32444 | Lynn Haven | FL | $325,943 | $1,825 | 4.37% | |
| 32405 | Panama City | FL | $295,792 | $1,602 | 4.22% | |
| 32456 | Port Saint Joe | FL | $473,821 | $1,558 | 2.56% | |
| 32407 | Panama City Beach | FL | $393,968 | $1,702 | 3.37% |
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About Panama City, FL Real Estate Market
The Panama City, FL metropolitan statistical area (MSA) encompasses 6 cities and 10 ZIP codes. The average home value across the metro is $327,969, with an average monthly rent of $1,682. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.