Highland City
Homes for Sale in Panama City, FL
All 238 homes for sale in Panama City, FL · median $359,950 · 312 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of November 2026, Highland City in Panama City, FL has 13 homes for sale and 4 pending, asking from $139,900 to $365,000 (median $285,000). Over the 12 months ending 2026-09-20, 16 recorded sales closed at a median of $272,450 (+10% versus the prior year's median), a median 65 days on market, sellers accepting 94% of original asking. Homes listed or recently sold were built 1950–2026 with 6 new construction; none of the 17 geocoded homes sit in a FEMA special flood hazard zone (median elevation 40 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,340 ($2,860 with the full homestead exemption).
Last 30 days in Highland City: 5 new listings (median asking $275,000), 4 under contract right now. As of November 9, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Highland City
Live MLS inventory for Highland City. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 183 daysTop listing
Active · 183 days
Active · 15 days
Active · 0 days
Active · 94 days
Active · 51 days
Active · 71 days
Active · 13 days
Active · 32 days
Active · 148 days
Active · 29 days
Active · 38 days
Active · 8 daysActive and pending Highland City listings as of 2026-11-09, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Highland City Right Now (17)
All 17 active and pending Highland City listings with a detail page, newest first, refreshed twice a day from the MLS.
- 3021 Altha Avenue, Panama City, Fl 32405 · $139,900 · 2 bd / 2 ba · listed Oct 27, 2026 · listed by Beycome of Florida LLC
- 2317 Cocoa Avenue, Panama City, Fl 32405 · $335,000 · 3 bd / 2 ba · listed Oct 23, 2026 · listed by Keller Williams Success Realty
- 3024 Selma Avenue, Panama City, Fl 32405 · $275,000 · 3 bd / 2 ba · listed Oct 15, 2026 · listed by Think Real Estate
- 1026 Mulberry Avenue, Panama City, Fl 32401 · $269,900 · 3 bd / 2 ba · pending · listed Oct 1, 2026 · listed by Hope Realty of Bay County LLC
- 3431 Ten Acre Road, Panama City, Fl 32405 · $339,900 · 3 bd / 2 ba · listed Sep 23, 2026 · listed by EXP Realty LLC
- 2909 Wakulla Avenue, Panama City, Fl 32405 · $269,900 · 3 bd / 2 ba · listed Sep 19, 2026 · listed by eXp Realty LLC
- 2711 Arden Avenue, Panama City, Fl 32405 · $159,000 · 4 bd / 3 ba · listed Sep 16, 2026 · listed by Eugeniu Ursu
- 2831 Wakulla Avenue, Panama City, Fl 32405 · $289,900 · 3 bd / 2 ba · listed Sep 11, 2026 · listed by Keller Williams Success Realty
- 3119 Debra Boulevard, Panama City, Fl 32405 · $149,900 · 2 bd / 2 ba · listed Sep 11, 2026 · listed by CENTURY 21 Commander Realty
- 3039 Headland Avenue, Panama City, Fl 32405 · $319,999 · 4 bd / 2 ba · pending · listed Sep 5, 2026 · listed by Clubbs Real Estate Group LLC
- 2503 Game Farm Road, Panama City, Fl 32405 · $285,000 · 4 bd / 2 ba · listed Aug 18, 2026 · listed by CENTURY 21 Ryan Realty Inc
- 3116 Douglas Road, Panama City, Fl 32405 · $365,000 · 3 bd / 2 ba · listed Aug 11, 2026 · listed by Coastal Choice Realty LLC
- 3112 Douglas Road, Panama City, Fl 32405 · $346,500 · 3 bd / 2 ba · listed Aug 11, 2026 · listed by Coastal Choice Realty LLC
- 2930 N Kirkwell Avenue, Panama City, Fl 32405 · $299,900 · 3 bd / 2 ba · listed Aug 11, 2026 · listed by Beachy Beach Real Estate
- 2730 Denise Drive, Panama City, Fl 32405 · $235,000 · 4 bd / 2 ba · listed Aug 11, 2026 · listed by EXP Realty LLC
- 2431 Game Farm Road, Panama City, Fl 32405 · $309,000 · 3 bd / 2 ba · pending · listed Aug 11, 2026 · listed by Anchor Realty Florida
- 2429 Game Farm Road, Panama City, Fl 32405 · $219,000 · 3 bd / 2 ba · pending · listed Aug 11, 2026 · listed by Anchor Realty Florida
Price here is driven by condition and vintage more than location premiums. With a median build year of 1985 and a housing stock stretching back to 1919, what you pay tracks closely to how much work a given home needs. The median sits at $291,750, but the spread around it is wide — a renovated home and a dated one on the same street can look like different markets entirely.
The current posture favors patience on both sides. A median of roughly 72 days on market and a heat score of 28 point to a slow, negotiable market despite a strong 21.8% year-over-year move in the median. Sellers should price to condition and expect the property to sit; buyers have room to inspect carefully and negotiate rather than chase.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Highland City right now
🟢 Still climbing. The trailing-12-month median ($272K) is up 10.1% from the prior 12 months ($248K). With about 24 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: High (16 and 24 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 9, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Highland City market snapshot (as of September 20, 2026): the median sale price is about $272K, and a median 65 days on market for closed sales. The trailing-12-month median is up 10% from the prior 12 months, computed from record-level CPAR MLS closed sales (16 closings in the current window).
In ZIP 32404 (Panama City), 1,051 homes closed in the last 12 months at a median of $290K, down 3.5% year over year, with a median 58 days on market. Right now 389 active and 144 pending listings put supply at about 4.4 months — a balanced market. See the live ZIP 32404 housing market and the Bay County market.
County records show 14 qualified sales in Highland City across 2024–2025 (10 in 2024, 4 in 2025), median $289,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in Highland City: of 10 listing addresses checked against the FEMA National Flood Hazard Layer, 100% sit outside the FEMA Special Flood Hazard Area (Zone X). Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City.
Highland City is a community of 200 homes in Panama City, Bay County, built between 1919 and 2024 (median 1977.5), with a median living area of about 1,730 square feet. 52% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Highland City is an established, older section of Panama City where roughly 992 homes span more than a century of construction. With just over half owner-occupied, it reads as a settled, individually-owned area rather than a builder-driven subdivision.
The setting & the homes.
Aerial and on-site photos of Highland City. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Highland CityHighland CityHighland CityHighland CityHighland CityHighland CityHighland CityHighland CityPhotos from CPAR MLS listings in Highland City; content deemed reliable but not guaranteed.
Who Highland City is best for.
Best for
- Buyers comfortable renovating an older home and budgeting for updates on top of the purchase
- Value-focused buyers who want negotiating leverage in a slower market
- Long-hold owner-occupants seeking an established Panama City area rather than a new subdivision
Probably not for
- Buyers who need turnkey, new-construction finishes with no deferred maintenance
- Anyone needing a fast close in a competitive-bid environment
- Buyers expecting a uniform housing stock where the median predicts each home's price
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 ($272K) IS the median in the snapshot above, and the move from 2025 ($248K) IS the +10.1% one-year change.
Windows contain 5 to 32 sales each (16 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.
24% of homes for sale in Highland City 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 (2026-11-06).
Highland City Market Scorecard
Highland City is currently a balanced market., a median asking price of $297,250, and homes go under contract in about 38 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Highland City on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap contributors.
The Highland City buying strategy.
If we were buying in Highland City 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 Highland City.
A condition-driven market with a long vintage
The defining fact of Highland City is age variance. Homes were built anywhere from 1919 to 2024, with the midpoint around 1985 and a typical footprint near 1,723 square feet. That range means two things: no single "typical" house, and a price that depends heavily on whether systems, roof, and finishes have been updated. Read every listing through the lens of what has actually been renovated.
The pace is deliberate. With a median around 72 days on market and a heat score of 28, this is not a market where speed wins. The 14 recent closings behind these figures make it a smaller, thinner sample, so individual sales carry more weight — one or two dated or updated homes can swing the read. Treat the median as a starting point, not a ceiling or floor for any specific property.
The location and the amenities are priced into every listing in Highland City. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Highland City buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (6.7). Basis: Recent Direction +10.1% year-over-year; Owner Commitment 52% owner-occupied; Pricing Power 94.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
A market this varied in age and condition rewards local reading over automated numbers. We help buyers separate a truly updated home from a cosmetically staged one, and we price sellers honestly against a slow, condition-sensitive market rather than against a wishful headline. With a thin recent sample, that hands-on comparison matters more than any single statistic.
Highland City in 15 seconds.
Tools for a Highland City 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 Highland City sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Highland City, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Highland City home worth?
Get a no-obligation home value based on real comparable sales in Highland City, 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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Recently off market in Highland City
Homes in Highland City that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 10 on record.
- 2202 Game Farm Road · off market
- 2407 Volusia Avenue · off market
- 2524 Wakulla Avenue · off market
- 2528 Wakulla Avenue · off market
- 2725 Denise Drive · off market
- 3025 Sarasota Avenue · off market
- 3109 E Orlando Road · off market
- 3117 Debra Boulevard · off market
| Location | Panama City, Bay County, FL · ZIP 32404, 32405 |
|---|---|
| Homes in the community | 200 (FL DOR 2025 assessment roll) |
| Years built | 1919–2024 (median 1977.5) |
| Typical living area | 1,730 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 71%, manufacturedhome 18%, attached 6% |
| Sale prices, last 12 months | $272,450 median across 16 closed sales · +10.1% vs the prior 12 months |
| Days on market (closed sales) | 65 median |
| For sale right now | 12 active, 5 pending · median asking $297,250 |
| Owner-occupied (homestead) share | 52% |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Highland City key facts,” movewithmomentum.com/neighborhoods/highland-city, data as of September 20, 2026.
Housing distress & ownership in Highland City, Panama City
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
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.
Just listed in Highland City
The newest homes for sale in Highland City right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 2317 Cocoa Avenue, Panama City, FL 32405 $335,000 · 3 bd · 2 ba · new today Courtesy of Keller Williams Success Realty
- 3021 Altha Avenue, Panama City, FL 32405 $139,900 · 2 bd · 2 ba · listed Nov 1, 2026 Courtesy of Beycome of Florida LLC
- 3024 Selma Avenue, Panama City, FL 32405 $275,000 · 3 bd · 2 ba · listed Oct 27, 2026 Courtesy of Think Real Estate
- 3431 Ten Acre Road, Panama City, FL 32405 $339,900 · 3 bd · 2 ba · listed Oct 25, 2026 Courtesy of EXP Realty LLC
- 2711 Arden Avenue, Panama City, FL 32405 $159,000 · 4 bd · 3 ba · listed Oct 11, 2026 Courtesy of Eugeniu Ursu
- 2909 Wakulla Avenue, Panama City, FL 32405 $269,900 · 3 bd · 2 ba · listed Oct 8, 2026 Courtesy of eXp Realty LLC
Checked against the MLS nightly. All new listings in this market.
More Panama City home searches
- All homes for sale in Panama City, FL
- Homes for sale in Bay County, FL
- Panama City home values: what is my house worth?
- ZIP 32404 housing scorecard
- 5 coming-soon communities in Bay County
Panama City guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Home insurance cost
- New construction
- ZIP codes
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
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What it really costs to own in Highland City
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $479/yr across 28 listings here (MLS tax records, 2026-11-09). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 10 listing addresses checked against the FEMA flood map, 100% sit outside the high-risk zone. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2000 across 34 listings. An original roof here would be about 26 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Email me new listings in Highland City
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Highland City
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Highland City will answer, and the answer is published on this page for the next buyer.
Recent Developments in Highland City
Development, infrastructure, retail, and school activity affecting Highland City, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Development
Panama City rejects marina bids and will rebuild West Basin in phases
The city rejected all bids earlier this month for the 49-slip West Basin and will rebid in phases focused on wet slips. The boat ramp has been redesigned and will come later. Phase One construction could start within 90 days of selecting a contractor.
What it may mean for the marketA slower, phased marina rebuild delays new downtown waterfront boating capacity but keeps the project moving toward construction. The site is less than a mile southwest of Highland City.
Source: WJHG - September 2026Retail & Dining
Panama City meets Houston developer interested in part of Panama City Mall site
Panama City officials met a Houston developer interested in buying a portion of the largely vacant Panama City Mall, owned by Hendon Properties, with a retail focus. Discussions covered rezoning, possible CRA participation and plan submittal. The mayor called the FDOT US 231 widening, planned to six lanes from US 98 to SR 20, the biggest holdup.
What it may mean for the marketPossible retail redevelopment of a large vacant site could add shopping options near the US 231 corridor, with timing tied to road widening and rezoning. The site is about 2 miles north of Highland City.
Source: WJHG - August 2026Development
Deal reached to redevelop historic Panama City Grammar School into apartments and townhomes
Panama City reached a deal for developer Zachary Seymour to buy the 1914 Panama City Grammar School on East Seventh Street and convert it to apartments and townhomes. The city would waive about $375,000 in code fines and a $100,000 CRA grant is pending approval. Seymour has one year to finish structural repairs to roofs, windows and doors.
What it may mean for the marketReuse of a vacant historic building would add downtown-area residential units and remove a long-standing vacant property. The site is less than a mile southwest of Highland City.
Source: WJHG - August 2026Infrastructure
HCA Florida Gulf Coast Hospital announces $125 million expansion
HCA Florida Gulf Coast Hospital announced a $125 million expansion on its 23rd Street campus, including a new patient tower with 34 additional beds, a 16-bed orthopedic and spine unit, a fourth cath lab, an expanded women's center and a 5,000-square-foot outpatient entrance expansion. The project is in design, with construction of 24 to 36 months and completion targeted for 2029.
What it may mean for the marketAdded hospital capacity and specialty services would improve local healthcare access and add medical-sector employment along the 23rd Street corridor. The site is about 2 miles northwest of Highland City.
Source: WJHG - July 2026Civic
Panama City approves 12-month moratorium on AI data centers
Panama City commissioners unanimously approved a 12-month pause on AI data centers in certain areas, following a six-month restriction adopted by Bay County the prior week. The city said it will use the period to study data center operations and revisit how they fit into local zoning and land-use rules.
What it may mean for the marketA temporary pause shapes where data centers can locate while the city reviews zoning and land-use standards. The site is less than a mile southwest of Highland City.
Source: WJHG News Channel 7 - June 2026Infrastructure
Panama City moves downtown marina slip construction to bid, ends City Marina Partners deal
Panama City put the first 50 boat slips at the Downtown Marina out for contractor bids, with construction expected to begin shortly after a contract is awarded and the bid window closing June 16. Commissioners also ended their working relationship with City Marina Partners and budgeted payment for work already completed.
What it may mean for the marketProgress on downtown marina slip construction advances waterfront infrastructure in the Panama City core. The site is less than a mile southwest of Highland City.
Source: WJHG News Channel 7
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Highland City?
How long do homes in Highland City take to sell?
How many homes are in Highland City?
What share of Highland City is owner-occupied?
When were the homes in Highland City built?
Who is the best real estate agent for Highland City?
How do I find a top Panama City real estate agent who knows Highland City?
Can Momentum Realty connect me with an agent for Highland City?
Where is Highland City, and what county is it in?
Is Highland City in a flood zone?
Is Highland City a good place to live?
Should you buy in Highland City?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: November 9, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32404/32405)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2015 (261 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.
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