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.


Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom17.80%
Two Bedrooms51.10%
Three Bedrooms25.60%
Four Bedrooms3.70%
Five Bedrooms or more0.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.22
Median year structure was built1987
Median Value of occupied units$117,000
Median Price asked for vacant units$86,700

Rented Homes, Apartments and Condos

Average Household Size1.74
Median year structure was built1984
Median Monthly Rent asked for vacant units$838

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage6.60%
Home Equity Loan6.80%
Simple Mortgage50.90%
Debt Free35.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%