Moving to Panama City, FL: The 2026 Relocation Guide

Q: What are the best neighborhoods in Panama City?

We rank Panama City's neighborhoods by demand, value, and appreciation on the best-neighborhoods page; a local agent can match you to the right fit.

Q: Is Panama City a good place to move?

For many, yes: no state income tax, a protected property-tax cap once homesteaded, and varied neighborhoods. Plan for insurance costs.

By Jon Brooks, Co-Founder, Momentum Realty · Updated September 27, 2026

Thinking about moving to Panama City, Florida? This guide pulls together everything you need to plan the move — the housing market, what it really costs to live here, the best neighborhoods, new construction, and Florida’s tax advantages — using Momentum’s MLS data (as of 2026-09-27).

Panama City right now — September 2026

$304,400

Median sale price (12 mo), -2.0% YoY

496

Homes for sale today

63 days

Median days on market

—

Months of supply

$1,612

P&I on the median, 20% down at 6.95%

Live pages for your move: 258 homes for sale in Panama City · Luxury homes · New construction · Condos (237) · Homes by ZIP (5 ZIPs) · New listings this week · Price reductions · Property tax · Flood zones by neighborhood · Bay County homes for sale.

MLS closed sales and live inventory, Momentum Research; refreshed nightly. Updated September 27, 2026.

Panama City at a glance

$313,500

Median home price

75 days

Median days on market

$2,099

Est. monthly cost to own

143

Communities

Why people move to Panama City

Florida’s draw is simple: no state income tax, year-round sunshine, and no income tax on retirement income. In Panama City specifically, the median home runs about $313,500, and homes sell in a median of 75 days. Once you buy and homestead, Florida’s Save Our Homes cap limits how fast your property taxes can rise. The trade-off to plan for is home insurance, which runs above the national average — we break that down in the cost-of-living guide below.

Best neighborhoods in Panama City

A few of Panama City’s strongest communities by the data: Avondale Estates, Azalea Place, Barrett'S Park. See the full, ranked list →

Your Panama City relocation toolkit

Common questions

Does Florida have a state income tax?

No. Florida has no state income tax, including on retirement income, which is one of the biggest reasons people relocate here.

How much does it cost to live in Panama City?

A typical Panama City home is about $313,500, with an estimated monthly cost to own around $2,099. See the cost-of-living guide for the full breakdown including taxes and insurance.

What are the best neighborhoods in Panama City?

It depends on your budget, schools, and commute. We rank Panama City's neighborhoods by the data (demand, value, appreciation) on the best-neighborhoods page, and a local agent can match you.

Is Panama City a good place to move?

For many people, yes — no state income tax, a protected property-tax cap once you homestead, and a range of neighborhoods and new construction. The variable to plan for is insurance.

Figures are estimates from Momentum Realty’s MLS data and Bay County tax/insurance data, as of 2026-09-27, and change over time. General relocation guidance, not financial advice. Equal Housing Opportunity.