Panama City, FL Real Estate

According to census data in the year 2000 there were 16,524 housing units in Panama City. This represents a 3.7% growth from 15,928 in 1990.

Of those housing units, 16,524 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Panama City is about 57.7%. Panama City's vacancy rate, including seasonal lodging, is about 10.5%. Average household size is 2.3 people.

The majority of houses, apartments or condos in Panama City were built after 1970.


Housing Size

Housing Units by Size
Studio Type1.80%
One Bedroom13.60%
Two Bedrooms32.10%
Three Bedrooms41%
Four Bedrooms10.20%
Five Bedrooms or more1.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1964
Median Value of occupied units$75,800
Median Price asked for vacant units$54,200

Rented Homes, Apartments and Condos

Average Household Size2.14
Median year structure was built1973
Median Monthly Rent asked for vacant units$505

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage6.30%
Home Equity Loan4.70%
Simple Mortgage49.60%
Debt Free38.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%