Panama City, FL 32404 - Real Estate Investment Insights & Performance Data

Welcome to our 32404 real estate data hub, tailored for investors in Panama City, FL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 32404 in Panama City, FL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in BAY COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Panama City, FL real estate investing. Uncover the wealth of information available, and position yourself for success in the Panama City property market.

• Location Overview

  • Zip Code: 32404
  • City: Panama City
  • State: FL
  • Metro Area: Panama City, FL
  • County Name: BAY COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $263,269
  • Average Home Price (Single Family Homes): $263,671
  • Average Monthly Rental Price (All Types): $1,579
  • Price-to-Rent Ratio: 14
  • Zillow Projected % appreciation from 4/2023-4/2024: 2.6%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,190
  • Average 3 Bedroom Section 8 Rental Rates: $1,630
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.44
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.46
  • Number of Units Offered in Section 8 in the County: 698
  • Number of Occupied Units in Section 8 in the County: 663
  • Percentage of Section 8 Units Occupied in the County: 95%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 236.12
  • Total % Appreciation since 2000 (Government Data): 140.87
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.9%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 8.45%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 45.64%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 56.51%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 100.04%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.66%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 138.69%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -5.13%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.57%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 23.46%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%