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Florida Housing Data · ZIP Scorecard

Panama City Beach, FL (32407) housing scorecard.

Home value, rent, cap rate, 5-year growth, price versus incomes and our 0 to 100 Momentum Market Score for ZIP 32407, free, from Zillow, Realtor.com and Census data.

Sources: Zillow, Realtor.com, U.S. Census, Freddie Mac/FRED. Score by Momentum Realty (methodology).
Updated 2026-08-22
34/ 100
Momentum Market Score
Seller-favored
Panama City Beach, FL (32407) is pricey against incomes with thin buyer leverage.

At about 4.98 times the local median income, prices sit close to the Florida norm. Gross rent yield is around 5.18%. Values are up roughly 2.4% a year over the last five years. Owning the typical home at today's 6.65% 30-year rate takes about 30.7% of a median income in principal and interest, the affordability squeeze in one number. About 23.5% of listings have cut their price.

$393,968
Home value
1yr -3.4%
2.4%
5yr growth/yr
ZHVI CAGR
$1,702
Median rent
monthly (ZORI)
5.18%
Cap rate
gross yield
4.98x
Price to income
value vs incomes
-0.2%
Over/undervalued
vs FL norm
30.7%
Affordability
income to own/yr
98
Days on market
median (Realtor)
23.5%
Price cuts
share of listings
$79,052
Median income
household (Census)
15,459
Population
Census ACS
64
New listings
last month

Typical home value, last 13 months

What drives the score

Cheapness vs income50
Price-cut leverage39
Inventory growth7
Affordability50
Rent yield14

Each bar ranks this ZIP against every other Florida ZIP (0 = lowest, 100 = highest) on that input, then weighted into the score. Full methodology.

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Common questions

Is Panama City Beach, FL (32407) a buyer's or seller's market?

By the Momentum Market Score, Panama City Beach, FL (32407) reads seller-favored (34 out of 100), meaning it is pricey against incomes with thin buyer leverage. The score blends value versus incomes, price cuts, inventory growth, affordability and rent yield.

What is the typical home value in Panama City Beach?

About $393,968 (Zillow Home Value Index, 2026-08-22), up roughly 2.4% a year over five years.

Where does this data come from?

Zillow Research (home value, rent), Realtor.com (days on market, listings), U.S. Census (income, population), Freddie Mac via FRED (rate). Score and derived metrics by Momentum Realty, methodology here.

Data: Zillow Research, Realtor.com, U.S. Census Bureau ACS, and Freddie Mac 30-Year Fixed Rate Mortgage Average [MORTGAGE30US] via FRED. Score by Momentum Realty.

Housing distress & ownership in ZIP 32407

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 485 listings
Months of supply
8.3
buyer’s market · active inventory ÷ sales pace (trailing 12 mo)
Actives with a price cut
51.9%
median cut 6.1% off original price · 242 of 466 active listings
Out-of-state owners
39.5%
mailing address outside FL
Non-homestead
74.2%
not owner-occupied (investor/2nd-home proxy)
Median just value
$310,750
11,302 parcels
Median closed sale price — $369,950 · ▼ 9.3% yr (12-mo rolling)
Distress share trend — 0.0% now (2026-08-10 → 2026-08-25)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. 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.

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