Hiland Park
Homes for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 302 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $156,500, a median 39 days on market, sellers accepting 94% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $1,920 ($1,440 with the full homestead exemption).
Hiland Park's median price sits at $156,500, and with a median year built of 1983 against a range that runs all the way back to 1928 and as recent as 2024, the age spread is doing a lot of the pricing work. Two homes on the same street can carry very different numbers once you factor in updates, roof age, and how much of the original systems remain.
A median 39 days on market says this isn't a snap-it-up environment, but it isn't sluggish either — there's room for a buyer to do real diligence without losing the house, and room for a seller to price on condition rather than urgency. With 171 homes tracked and just over 45% carrying a homestead exemption, a meaningful share of the inventory turns over as it moves out of long-term ownership, which is where the renovation spread shows up most.
The 60-Second Overview
Hiland Park market snapshot (as of September 20, 2026): the median sale price is about $156K, and a median 39 days on market for closed sales.
In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.
Hiland Park is an established Panama City neighborhood where the housing stock spans nearly a century of construction, so the market here is less about a single price point and more about which decade — and which renovation — a given home represents.
Who Hiland Park is best for.
Best for
- A buyer who wants a modest-footprint home near the median $156,500 price and is willing to budget for age-appropriate updates.
- Someone comfortable doing inspection-level diligence on homes that could date anywhere from 1928 to 2024.
- A buyer prioritizing location and value over a shared amenity package, since none is identified in current listings.
Probably not for
- A buyer who wants a single consistent construction era or architectural style throughout the neighborhood.
- Anyone expecting a clubhouse, pool, or other organized community amenity as part of the purchase.
- A buyer unwilling to budget contingency funds for roof, HVAC, or system age on an older home.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($156K) IS the median in the snapshot above.
Windows contain 0 to 5 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
30% of homes for sale in ZIP 32404 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
The Hiland Park buying strategy.
If we were buying in Hiland Park today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Hiland Park.
Reading a century of building
A year-built range of 1928 to 2024 inside one neighborhood of 171 homes means Hiland Park isn't a single-era subdivision — it's a layered market. The median year built, 1983, tells you the typical home is a few decades into its life, which puts roof, HVAC, and electrical age squarely in the conversation for most listings, alongside a smaller tier of much older and much newer builds at either end.
At a median living area of 1,612 square feet, this reads as a neighborhood of modest, efficient footprints rather than sprawling floor plans. Combined with a median price of $156,500, the math suggests the price is being set primarily by condition and vintage rather than by size — two homes of similar square footage can land far apart depending on what's been touched since they were built. No community amenities are identified from current MLS listings, so buyers should treat this as a location and housing-stock play rather than an amenity-driven purchase.
The location and the amenities are priced into every listing in Hiland Park. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a neighborhood spanning nearly a hundred years of construction, the difference between a fair deal and an overpay is usually in the details — permit history, what's original versus updated, and how a specific listing's age lines up with its price relative to the $156,500 median. We walk that comparison line by line before you write an offer or set a list price.
Hiland Park in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Hiland Park buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Hiland Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Hiland Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Hiland Park home worth?
Get a no-obligation home value based on real comparable sales in Hiland Park, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Hiland Park?
How long do homes in Hiland Park take to sell?
Who is the best real estate agent for Hiland Park?
How do I find a top Panama City real estate agent who knows Hiland Park?
Can Momentum Realty connect me with an agent for Hiland Park?
Where is Hiland Park, and what county is it in?
Should you buy in Hiland Park?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (24 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
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More on Hiland Park
- Home values · What homes in Hiland Park actually sell for