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Panama City city, FL

ZIP 32401 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32401

Median Home Value
$207,000
Median Rent
$957
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,330/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32401 in Panama City city, FL, a household would need roughly $57,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,330. That is roughly in line with the local median household income ($49,901). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
58.9%-10% vs US avg
x
Vacancy Rate
14.3%+39% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
17.9%+40% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
25.7%-48% vs US avg
x
Mortgage-Free
47.7%+25% vs US avg
x
$207,000
Home Value
$957
Rent
1965
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.4%
  • 1-unit attached4.9%
  • 2-9 units13.9%
  • 10+ units7.7%
  • Mobile home & other10.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$207,000
Median rent$957
Owner-occupied58.9%
Vacant14.3%
Price-to-income4.1x
Est. income to buy$57,000