House Prices

House Prices & Home Values Panama City, FL 2026


Average Data

average house price$249,840
average size per house1593 ft²
average price per ft²157 $ / ft²

04/16/2026 - The value range (VR) for house prices in Panama City, FL is $103/ sqft to $279/ sqft. An average home with 1593 sqft costs approximately $164,079 to $444,447. Panama City, FL includes 6 ZIP codes and it is located in Bay county. The lowest prices are found in ZIP 32401, while the highest are in ZIP 32408. The average price per sqare feet is $157. Our analysis is based on 66 property listings.

Avergage prices by ZIP codes Panama City

32401110 $ / ft²
32403151 $ / ft²
32404112 $ / ft²
32405163 $ / ft²
32408295 $ / ft²
32409141 $ / ft²




Historical development of home values in Panama City

Year Estimated value (USD) Change vs. 2025
2010 $116,030 -53.6%
2011 $111,543 -55.4%
2012 $111,243 -55.5%
2013 $115,401 -53.8%
2014 $121,139 -51.5%
2015 $127,357 -49.0%
2016 $134,003 -46.4%
2017 $141,236 -43.5%
2018 $149,044 -40.3%
2019 $155,955 -37.6%
2020 $164,017 -34.4%
2021 $186,551 -25.3%
2022 $217,477 -13.0%
2023 $229,340 -8.2%
2024 $242,607 -2.9%
2025 $249,840 0.0%

Graph: estimated home values in Panama City over time (USD)



Example: 100% financing house in Panama City

Loan amount: $249,840

Interest rate: 6.00%

Fixed monthly payment: $1,497.92

Breakdown in the 1st month:
Interest portion: $1,249.20  –  Principal portion: $248.72

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,906.94 $3,068.06 $246,771.94
2 $14,717.71 $3,257.30 $243,514.64
3 $14,516.81 $3,458.20 $240,056.44
4 $14,303.51 $3,671.49 $236,384.95
5 $14,077.06 $3,897.94 $232,487.01
6 $13,836.65 $4,138.36 $228,348.65
7 $13,581.40 $4,393.60 $223,955.04
8 $13,310.41 $4,664.59 $219,290.45
9 $13,022.71 $4,952.29 $214,338.16
10 $12,717.26 $5,257.74 $209,080.42
11 $12,392.98 $5,582.03 $203,498.39
12 $12,048.69 $5,926.31 $197,572.08
13 $11,683.17 $6,291.84 $191,280.24
14 $11,295.10 $6,679.90 $184,600.34
15 $10,883.10 $7,091.90 $177,508.43
16 $10,445.69 $7,529.32 $169,979.12
17 $9,981.30 $7,993.71 $161,985.41
18 $9,488.26 $8,486.74 $153,498.66
19 $8,964.82 $9,010.19 $144,488.48
20 $8,409.09 $9,565.92 $134,922.56
21 $7,819.08 $10,155.92 $124,766.64
22 $7,192.69 $10,782.32 $113,984.32
23 $6,527.66 $11,447.35 $102,536.98
24 $5,821.61 $12,153.39 $90,383.59
25 $5,072.02 $12,902.99 $77,480.60
26 $4,276.19 $13,698.82 $63,781.78
27 $3,431.28 $14,543.73 $49,238.06
28 $2,534.25 $15,440.75 $33,797.30
29 $1,581.90 $16,393.11 $17,404.20
30 $570.81 $17,404.20 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Panama City, FL


1500 sqft3900 sqft
Ø selling price$284,956$606,177
Ø fast selling$259,051$545,560
Ø high price sale$310,860$666,795

In 2026, houses in Panama City, FL will be offered at an average price of $157 per square foot. A 1,500 sqft home priced at $284,956 is 24.49% more expensive per square foot than a 3,900 sqft home priced at $606,177. Home prices in Panama City, FL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $419,662. Sellers who can wait longer may achieve a higher price of up to $512,920.


Discover Panama City, FL

Panama City, FL is a vibrant Gulf Coast destination and the Bay County seat, set along the picturesque waters of St. Andrews Bay.
Just minutes from sugar-white beaches on the Gulf of Mexico, the city blends coastal beauty with a walkable historic downtown and welcoming neighborhoods.

Beaches and Outdoor Adventures

Outdoor lovers find year-round adventures, from kayaking and dolphin tours to fishing charters launching from local marinas and Port Panama City.
Nearby St. Andrews State Park and conservation areas offer hiking, birding, and pristine shoreline perfect for sunrise photos.
With warm temperatures and clear waters, water sports like paddleboarding, snorkeling, and sailing are among the top things to do in Panama City, Florida.

Culture, Dining, and Events

The city?s dining scene highlights fresh Gulf-to-table seafood, craft breweries, and waterfront restaurants ideal for family-friendly sunsets.
Arts galleries, murals, and festivals animate downtown streets, while live music and markets create a lively yet laid-back nightlife.

Living and Doing Business

For residents and investors, Panama City?s growing economy is supported by healthcare, tourism, small business, and nearby Tyndall Air Force Base.
Affordable real estate options, quality schools, and quick beach access make the area attractive for relocation and remote work.
Whether you?re planning a weekend getaway or a long-term move, this Panama City travel guide snapshot showcases a coastal community built for exploration, relaxation, and opportunity.



FAQ – Home Values in Panama City

What is the median home value in Panama City in 2026?

In 2026, the typical home value in Panama City is about $249,840 for an average home size of 1593 square feet. This corresponds to an average price of roughly $157 per square foot.

What is the average cost per square foot in Panama City?

In 2026, homes in Panama City sell for an average of around $157 per square foot, with a typical range between $103 and $279 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Panama City is about 1593 square feet, with an estimated 2026 value around $249,840.



Locations close to Panama City, FL

Mexico Beach, FL190 $ / ft²
Panama City Beach, FL400 $ / ft²
Alford, FL207 $ / ft²
Panama City Beach, FL236 $ / ft²
Wacissa, FL135 $ / ft²
Steinhatchee, FL190 $ / ft²
  imprint  Privacy