Panama City housing market: home prices, trends and forecast
Panama City home prices: in September 2026, a typical home in Panama City, Florida was valued at $282,475 by the Zillow Home Value Index. This was 1.1% higher than a year earlier and 1.7% under the $287,397 peak reached in April 2024.
- Value of a typical home
- $282,475September 2026, Zillow ZHVI
- Change over 12 months
- +1.1%. Compared with September 2025.
Panama City home prices since 2000
Panama City is the steel line, and the United States the grey line. In January 2000, a typical Panama City home was worth $89,874. Its later value was $282,475, a ×3.14 change, compared with ×2.99 for the US during those months. During the boom, the high was $190,400 in October 2006. The low came in March 2012 at $115,755, representing a −39.2% change.
Yearly median home price in Panama City
Each yearly figure averages the twelve monthly values; for 2026, the latest month is shown.
| Year | Panama City | Change on the year | United States |
|---|---|---|---|
| 2000 | $92,309 | $125,745 | |
| 2001 | $96,574 | +4.6% | $134,899 |
| 2002 | $100,361 | +3.9% | $144,276 |
| 2003 | $108,500 | +8.1% | $155,308 |
| 2004 | $126,103 | +16.2% | $169,891 |
| 2005 | $157,931 | +25.2% | $189,732 |
| 2006 | $187,179 | +18.5% | $206,531 |
| 2007 | $184,330 | −1.5% | $208,449 |
| 2008 | $170,915 | −7.3% | $195,574 |
| 2009 | $148,224 | −13.3% | $177,542 |
| 2010 | $136,747 | −7.7% | $171,462 |
| 2011 | $122,719 | −10.3% | $162,508 |
| 2012 | $116,486 | −5.1% | $161,137 |
| 2013 | $123,043 | +5.6% | $171,420 |
| 2014 | $129,533 | +5.3% | $182,996 |
| 2015 | $136,023 | +5.0% | $192,738 |
| 2016 | $143,965 | +5.8% | $204,509 |
| 2017 | $150,079 | +4.2% | $216,767 |
| 2018 | $162,647 | +8.4% | $230,541 |
| 2019 | $167,972 | +3.3% | $242,088 |
| 2020 | $193,669 | +15.3% | $257,151 |
| 2021 | $224,854 | +16.1% | $295,959 |
| 2022 | $261,116 | +16.1% | $340,014 |
| 2023 | $278,449 | +6.6% | $348,160 |
| 2024 | $283,688 | +1.9% | $359,751 |
| 2025 | $281,230 | −0.9% | $362,959 |
| September 2026 | $282,475 | +1.1% | $366,157 |
Current values for Panama City homes bought in any year
The estimate uses an index for a typical home and does not represent an appraisal.
Each year's figure averages twelve monthly index values. The current value shown is September 2026. More options: calculate home appreciation.
Considering a sale? Use Realtor.com to compare local agents. This site may receive payment for links like this one, but that never affects any number. Disclosure.
Panama City housing market forecast
For the Panama City, FL metro, Zillow's forecast shows −0.3% over the 12 months beginning September 2026. Over the three months beginning then, it shows −0.2%. The estimate would put Panama City's typical $282,475 value near $281,600 one year later.
This restates Zillow's central estimate for the metro, and the site does not publish a forecast of its own. Such 12-month forecasts have usually fallen several percentage points away from the realised change, either above or below it. This is not investment advice.
One table contains every metro forecast: housing market forecast.
Panama City housing market crash risk score
High (64 of 100)
The score ranks Panama City against 292 cities using five conditions that were high before earlier price falls. Every input receives a score from 0 to 100 based on the other cities. Equal weight is then given to all five scores when averaging them. It shows conditions as they are now; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +59.5% | 94 | 20% |
| Length of time on the market vs 2019 | +65.6% | 98 | 20% |
| Price-to-rent ratio | 14.2 | 19 | 20% |
| 12-month price change | +1.1% | 47 | 20% |
This is not investment advice. How each input is scored: the methodology. All 292 cities ranked: city crash risk rankings.
In Panama City: housing inventory and days on the market
In September 2026 the Panama City, FL metro listed 2,933 homes for sale. That was −4.7% from the year before and +59.5% from the same month in 2019. The median listing took 101 days to sell, a figure +65.6% above 2019. Price cuts affected 20.9% of listings.
| Panama City, FL metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 2,933 | −4.7% |
| New listings | 530 | |
| Median days on market | 101 | −6.1% |
| Median list price | $399,000 | −3.4% |
| Share with a price cut | 20.9% |
Realtor.com® Economic Research, metro inventory. Data from Realtor.com. Every metro: days on market for each city.
What it costs to live in Panama City
In Panama City, the typical asking rent is $1,655 a month according to the Zillow Observed Rent Index, which shows +0.6% on a year. For a typical home, the cost equals 14.2 years of that rent. For the metro, BEA reports prices at 97.3 and housing costs at 96.4. The US price average is 100.
For moving there, review rent, prices, and the salary needed: Panama City cost of living.
Other Florida housing markets
- Jacksonville housing market $284,832.
- Miami housing market $583,705.
- Tampa housing market $375,619.
- Orlando housing market $372,775.
- St. Petersburg housing market $351,862.
- Port St. Lucie $384,099
- Cape Coral $334,660
- Tallahassee housing market $291,188.
- Fort Lauderdale $509,743
- Hollywood prices $442,331.
The whole state: housing market across Florida.
Understanding the chart
Each point shows the Zillow Home Value Index for Panama City. This is the smoothed and seasonally adjusted value of a typical home in the market's middle third, expressed in that month's dollars. The hollow dot identifies the selected month on the slider, while the terracotta dot identifies the latest month. These amounts do not include an inflation adjustment. The index tracks the typical home rather than one particular house. Use its sale price with the card above or the appreciation calculator to calculate the value of a single home.