Panama City, FL Housing Market
$284,369
1.2% 1-yrThe average Panama City, FL home value is $284,369, up 1.2% over the past year, and homes go to pending in around 44 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Panama City Key Takeaways
Typical Home Values: $284,369
1-Year Value Change: +1.2%
(Data through August 31, 2026)
Panama City Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Cedar Grove$312,362
- Hiland Park$219,807
- Pretty Bayou$365,520
- Upper Grand Lagoon$368,186
- Lower Grand Lagoon$419,137
- Rosemary Beach$2,831,757
- Alys Beach$5,899,338
- WaterSound Beach$1,997,177
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Panama City Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Panama City, FL?
The median home value in Panama City, FL is $284,369 as of August 2026. This represents a 0.2% decrease compared to last month and a 1.2% increase year-over-year.
How have home values changed in Panama City, FL?
Home values in Panama City, FL have decreased by 0.2% month-over-month and 1.2% year-over-year.
How do home values in Panama City, FL compare to Bay County, Florida, and the national average?
The median home value in Panama City, FL ($284,369) compares to: Bay County ($344,049), Florida ($375,470), and the U.S. national median ($368,697).
