Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the Panama City area can be challenging. Home prices in Panama City are now at a median cost of $266,953, lower than the Florida average of $396,783.
The average cost of rent is $1,432/mo in Panama City, primarily driven by the current value of real estate in the Panama City area. In Panama City, 33.66% of households rent, and 43.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Panama City is $5,800 per month. Households that rent pay about 24.68% of their income on rent here. Panama City’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lynn Haven, FL: higher priced homes
- Springfield, FL: less expensive homes
- Pretty Bayou, FL: higher priced homes
- Southport, FL: higher priced homes
- Parker, FL: less expensive homes
- Callaway, FL: equally priced homes
- Upper Grand Lagoon, FL: higher priced homes
- Lower Grand Lagoon, FL: higher priced homes
- West Bay, FL: higher priced homes
- Youngstown, FL: less expensive homes
Cities with Similar Populations
- Arecibo, PR: less expensive homes
- Bentonville, AR: higher priced homes
- Chesterfield, VA: higher priced homes
- Coconut Creek, FL: higher priced homes
- Danville, CA: higher priced homes
- Davenport, FL: higher priced homes
- Elyria, OH: less expensive homes
- Florence, AL: less expensive homes
- Fountain Valley, CA: higher priced homes
- Piscataway, NJ: higher priced homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood