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Panama City, FL Real Estate

Panama City, Florida is located in Bay County. Nearby cities and towns include Cedar Grove, Lynn Haven, Springfield, Parker, Pretty Bayou, Callaway, Tyndall AFB, Upper Grand Lagoon, Lower Grand Lagoon, Panama City Beach, Laguna Beach, Mexico Beach, and Ebro. Panama City is a suburban community with a population of 37,282. The median household income is $40,725. In Panama City, 41% of residents are married, and families with children reside in 28% of the households. Half the population of Panama City commutes 16 minutes or less to work, with 64% of residents holding white collar jobs and 36% residents holding blue collar jobs. The median age of homes in Panama City, FL is 31 years, with 42% of those homes owned, 42% rented, and 16% not occupied. In the previous year, 389 Panama City properties were sold. The median sale price of a home in Panama City in the previous year was $122,074.

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About Schools in Panama City, FL

Panama City offers a range of educational opportunities with 11 elementary schools, 5 middle schools and 11 high schools.

Contact a Coldwell Banker® real estate agent to learn more about the schools and school districts in Panama City, FL.


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Panama City, FL Local Market & Demographic Data

Married vs. single

Panama City, FL
  • 59% Single
  • 41% Married
  • 53% Single
  • 47% Married

Male VS. Female

Panama City, FL
  • 53% Female
  • 47% Male
  • 51% Female
  • 49% Male

Average Age of Citizens in Panama City, FL

  • 41
  • 41
  • Panama City, FL
  • Florida

Average Age of Homes in Panama City, FL

  • 31
  • 20
  • Panama City, FL
  • Florida

Vacant Homes in Panama City, FL

  • 16%
  • 15%
  • Panama City, FL
  • Florida

Average INCOME of Citizens

  • $53,281
  • $67,510
  • Panama City, FL
  • Florida

Owned Homes vs. Rented Homes

Panama City, FL
  • 42% Owned
  • 42% Rented
  • 55% Owned
  • 30% Rented