Rental market snapshot for Panama City, Florida

Panama City, Florida Rental Property Market Overview

Panama City, Florida is a vibrant coastal city located in the Florida Panhandle. With a population of 34,045 according to the US Census in 2021, Panama City is a bustling community with plenty of activities and attractions to explore. From its beautiful beaches to its historic downtown, Panama City has something for everyone. Whether you're looking for a relaxing beach vacation or an exciting nightlife, Panama City has it all.

The average rent for an apartment in Panama City is $1,809. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Panama City Florida | Cost of Living

  • The most expensive ZIP code in Panama City is 32408 with an average price of $2,314.
  • The cheapest ZIP code in Panama City is 32401 with an average price of $1,723.

Panama City ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
132408$2,314
232407$1,804
332405$1,772
432401$1,723

Live near Panama City, Florida's Top Sights and Attractions

St Andrew Marina is a picturesque waterfront attraction located on the Gulf of Mexico. It offers a variety of activities for visitors, including fishing, boating, kayaking, and paddle boarding. The marina also features a boardwalk, picnic areas, and a playground. Visitors can also enjoy a variety of restaurants and shops located nearby.

Carl Gray Park is a popular outdoor destination located on the Gulf of Mexico in Panama City, Florida. It features a large beach area with white sand and crystal clear waters, perfect for swimming, sunbathing, and beachcombing. There are also several picnic pavilions, a playground, a fishing pier, and a boat ramp. The park also offers a variety of recreational activities, including volleyball, basketball, and horseshoes. Visitors can also enjoy a variety of wildlife, including dolphins, sea turtles, and a variety of birds.

This historical marker commemorates the landmark Supreme Court case of Gideon vs. Wainwright, which established the right to legal counsel for all criminal defendants in the United States. The case was argued in the Supreme Court by Panama City attorney, Abe Fortas, on behalf of Clarence Earl Gideon. The marker is located in the downtown area of Panama City, near the Bay County Courthouse.

Oakland Terrace Park is a beautiful park located in Panama City, Florida. It features a large playground, picnic areas, and a walking trail. The park also has a basketball court, a baseball field, and a volleyball court. The park is surrounded by lush green trees and is a great place to spend a day outdoors. There are also plenty of benches and tables for visitors to relax and enjoy the scenery.

Hathaway Bridge Park is a waterfront park located on the Gulf of Mexico in Panama City, Florida. The park features a fishing pier, picnic areas, a playground, and a boardwalk that stretches out over the water. Visitors can enjoy stunning views of the Gulf, as well as the nearby Hathaway Bridge. The park also offers a variety of activities such as kayaking, paddle boarding, and bird watching.

Cove Balfield is a beautiful waterfront park located on the Gulf of Mexico. It features a white sand beach, a fishing pier, a playground, picnic areas, and a boardwalk. The park is also home to a variety of wildlife, including dolphins, sea turtles, and a variety of birds. Visitors can also enjoy kayaking, paddle boarding, and other water activities. The park is a great place to relax and take in the stunning views of the Gulf of Mexico.

Bob George Park is a waterfront park located on the Gulf of Mexico. It features a fishing pier, a playground, picnic pavilions, and a boardwalk. Visitors can also enjoy a variety of activities such as swimming, kayaking, and paddleboarding. The park also has a boat launch and a beach area for sunbathing and beachcombing.

Robert Lee McKenzie's Home and Office is a historic attraction located in Panama City, Florida. The home was built in the late 1800s and is a two-story Victorian-style house. Inside the home, visitors can explore the original furnishings, including a grand piano, antique furniture, and other artifacts. The office is located in the back of the house and is filled with original documents and artifacts from McKenzie's time as a lawyer. The grounds of the home are also filled with lush gardens, a gazebo, and a pond.

Frank Nelson Park is a popular outdoor recreation area located on the shores of St. Andrew Bay. It features a large beach area with white sand and crystal clear waters, perfect for swimming, sunbathing, and fishing. There are also picnic areas, playgrounds, and a boardwalk with stunning views of the bay. The park also has a boat ramp, a fishing pier, and a nature trail, making it a great spot for outdoor activities.

Bay Memorial Park is a waterfront park located on the shores of St. Andrew Bay. It features a variety of amenities, including a boat ramp, picnic areas, a playground, a fishing pier, and a boardwalk. The park also offers stunning views of the bay and the surrounding area, making it a great spot for a leisurely stroll or a picnic. Visitors can also take advantage of the park's many recreational activities, such as kayaking, paddle boarding, and fishing. With its beautiful scenery and ample recreational opportunities, Bay Memorial Park is a great place to spend a day outdoors.

Panama City, Florida area median rent change by ZIP code map

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How does Panama City compare to other cities in Florida?

citymedian price
Juno Beach$4,700
Bal Harbour$4,200
Lauderdale-by-the-Sea$3,900
Neptune Beach$3,000
West Park$2,792
Indian Harbour Beach$2,500
North Fort Myers$2,075
Montverde$2,000

Average household income in Panama City area graph - US Census

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The median household income in Panama City in 2021 was $51,569. This represents a 32.0% change from 2011 when the median was $39,072.

#categorypercent
0Less than $10,0007.8%
1$10,000 to $14,9995.8%
2$15,000 to $19,9994.8%
3$20,000 to $24,9996.9%
4$25,000 to $29,9996.3%
5$30,000 to $34,9996.3%
6$35,000 to $39,9994.3%
7$40,000 to $44,9995.0%
8$45,000 to $49,9994.6%
9$50,000 to $59,9997.9%
10$60,000 to $74,99911.1%
11$75,000 to $99,99912.5%
12$100,000 to $124,9995.7%
13$125,000 to $149,9993.8%
14$150,000 to $199,9993.5%
15$200,000 or more3.5%

Neighborhoods in Panama City

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Panama City is $1,809.
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