Bay County Home Prices & Values

$160,200 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.3% 1-year change
  • 2.5% 1-year forecast

The median home value in Bay County is $160,200. Bay County home values have gone up 7.3% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Bay County is $135, which is the same as the Panama City Metro average of $135. The median price of homes currently listed in Bay County is $209,000 while the median price of homes that sold is $170,375. The median rent price in Bay County is $1,100, which is the same as the Panama City Metro median of $1,100.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Bay County is 8.2%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Bay County homeowners underwater on their mortgage is 28.6%, which is the same as Panama City Metro at 28.6%.

more
Relative ZHVI
- +

Bay County Market Overview

Data through Jun 30, 2014
  • $160,200 ZHVI
  • 2.5% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $209,000 Median listing price
  • $170,375 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Bay County Market Health

Data through Jun 30, 2014
  • 1.7/10 Less healthy What's This?  
    Close

    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 118 Average of days on Zillow (May 31, 2014)
  • 28.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 8.2% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Bay County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Upper Grand Lagoon $215,500 Lynn Haven $171,400 Pretty Bayou $165,400
Youngstown $143,300 Cedar Grove $133,800 Callaway $123,600
Parker $110,300 Panama City $97,500 Springfield $82,200

Listings & Sales

Data through Jun 30, 2014
  • $135 Median list price / sq ft
  • $117 Median sale price / sq ft
  • 28.7% Listings with price cut
35.3%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Bay County Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,175 Bay County
$1,175 Panama City Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,100 Rent list price
  • $0.85 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading