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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 13.60% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 41% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $75,800 |
| Median Price asked for vacant units | $54,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $505 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 49.60% |
| Debt Free | 38.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
