Panama City Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Panama City Beach Neighborhoods Since 2000




Panama City Beach, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Panama City Beach Housing Market Information

With a population of 12,624, 5,241 total housing units (homes and apartments), and a median house value of $239,303, Panama City Beach real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Panama City Beach, accounting for 69.73% of the city's housing units. Other types of housing that are prevalent in Panama City Beach include single-family detached homes ( 20.59%), row houses and other attached homes ( 5.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.81%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Panama City Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Panama City Beach has a mixture of owner-occupied and renter-occupied housing.

Panama City Beach homes and real estate are some of the newest in America. 53.77% of Panama City Beach's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Panama City Beach real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.47%), and between 1940-1969 ( 3.70%).

A decent proportion of the Panama City Beach housing stock is seasonally occupied. That is, homes and condos in Panama City Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Panama City Beach housing market speaks to its popularity as a vacation location of choice.

Panama City Beach Home Appreciation Rates

Panama City Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Panama City Beach during the period has been just -2.02%, which is lower than 80% of US communities.

Over the last year, Panama City Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Panama City Beach's appreciation rate has been 2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Panama City Beach were at -1.38%, which equates to an annual appreciation rate of -5.42%.

Notably, Panama City Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Panama City Beach's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Panama City Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Panama City Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Panama City Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$239,303

Panama City Beach, FL HOME PRICES

Value Range
> $1,216,000 0.5
$913,001 - $1,216,000 0.5
$608,001 - $913,000 4.4
$487,001 - $608,000 4.4
$365,001 - $487,000 13.4
$243,001 - $365,000 24.0
$122,001 - $243,000 38.7
$61,001 - $122,000 7.4
$0 - $61,000 6.7

High for FL
High for Nation

Value Relative to Nation Value Relative to State
24.1943044650182 34.4017094017094

Number Of Homes And Apartments:
5,241

Panama City Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
81.33% 3.51% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,348 / per month

Homeownership Rate

Homeownership
Owners 56.19
Renters 43.81
Vacant 68.51

Housing Market Details

 

Age of Homes

AGE OF Panama City Beach HOMES
2000 or Newer 53.8
1970 - 1999 42.5
1940 - 1969 3.7
1939 or Older 0.1

Types of Homes

TYPE OF Panama City Beach HOMES
Single-Family 20.6
Townhomes 5.2
Small Apt. Buildings 2.8
Apt. Complexes 69.7
Mobile Homes 1.5
Other 0.1

Home Size

SIZE OF Panama City Beach HOMES
No Bedroom 2.43
1 Bedroom 18.56
2 Bedrooms 46.51
3 Bedrooms 27.21
4 Bedrooms 4.77
5 or more bedrooms 0.52