Upper Grand Lagoon median real estate price is $202,295, which is more expensive than 51.4% of the neighborhoods in Florida and 53.8% of the neighborhoods in the U.S.
The average rental price in Upper Grand Lagoon is currently $1,361, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.6% of Florida neighborhoods.
Upper Grand Lagoon is a suburban neighborhood (based on population density) located in Panama City Beach, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Upper Grand Lagoon real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Upper Grand Lagoon neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Upper Grand Lagoon. The current real estate vacancy rate here is 20.8%. This is higher than the rate of vacancies in 86.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (15.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.