Panama City Beach, FL Real Estate
According to census data in the year 2000 there were 8,965 housing units in Panama City Beach.
This represents a 49.1% growth from 6,013 in 1990.
Of those housing units, 8,319 were located in either urbanized areas or urban clusters, and 646 were located in what is classified as a rural area.
Homeownership rate in Panama City Beach is about 74.7%.
Panama City Beach's vacancy rate, including seasonal lodging, is about 59.3%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Panama City Beach were built after 1987.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 17.80% |
| Two Bedrooms | 51.10% |
| Three Bedrooms | 25.60% |
| Four Bedrooms | 3.70% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1987 |
| Median Value of occupied units | $117,000 |
| Median Price asked for vacant units | $86,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.74 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $838 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 50.90% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
