Market Brief
As Tyndall Air Force Base builds about 140 new facilities, ZIP 32404 east of Panama City had 317 homes for sale and 85 pending on October 30, 2026, about 3.7 to 1, against 10.0 to 1 in beachside 32408.
What is for sale near Tyndall Air Force Base as its rebuild heads toward 2027, from new builder communities in 32404 to Lynn Haven and Mexico Beach.
Tyndall Air Force Base is rebuilding with about 140 new facilities designed for a Category 5 storm, and most current projects are expected to finish by 2027, WJHG reported on October 5, 2026. Our live MLS data shows the housing market closest to the base moving faster than the beach markets to the west. On October 30, 2026, ZIP 32404, which covers east Panama City, Callaway, Parker and Springfield, had 317 active listings and 85 pending, about 3.7 to 1, against 10.0 to 1 in beachside ZIP 32408 and 6.3 to 1 in 32413. New construction made up 145 of the 317 active homes, and the median asking price was $325,710. Fifty-six homes in 32404 closed from October 1 to 29 at a median of $287,450. All MLS figures are ours, computed from Central Panhandle MLS records; information is deemed reliable but not guaranteed.
This article looks at homes near the base. Our October 24 article on Panama City new construction share covered new homes across the market, our October 28 article on Panama City price cuts tracked price reductions, and the completed-month figures are in our Panama City closed sales and Panama City median price articles. The full series is on the Panama City market data hub.
What is happening at Tyndall Air Force Base?
Hurricane Michael damaged every building at Tyndall on October 10, 2018, and most were beyond repair, according to WJHG's eight-year report. The Air Force chose to rebuild, and the base now hosts F-35 squadrons. Col. Robert Bartlow, who oversees the rebuild, told the station that most current projects will be finished by 2027. He also cited delays in finding workers and local materials, a tight budget, and planned buildings still waiting on congressional funding. The report did not give a total cost or a personnel count, so this article does not estimate either.
How many homes are for sale near Tyndall?
| Area | ZIP | Active | Pending | Active per pending | Median asking price |
|---|---|---|---|---|---|
| East Panama City, Callaway, Parker, Springfield | 32404 | 317 | 85 | 3.7 | $325,710 |
| Lynn Haven | 32444 | 82 | 17 | 4.8 | $409,700 |
| Southport and north Panama City | 32409 | 76 | 27 | 2.8 | $389,450 |
| Panama City, central | 32405 | 113 | 33 | 3.4 | $359,900 |
| Downtown Panama City | 32401 | 111 | 25 | 4.4 | $259,000 |
| Mexico Beach | 32456 | 45 | 3 | 15.0 | $392,990 |
Source: Momentum Research, computed from Central Panhandle MLS records, live map snapshot, October 30, 2026. Pending combines MLS pending statuses. ZIP codes follow the listing record; area names are approximate. Mexico Beach counts only listings with a Mexico Beach address in ZIP 32456. Deemed reliable but not guaranteed.
Single-family homes in 32404 ran at 3.4 active listings per pending sale, with a median asking price of $329,900, about $80,000 below Lynn Haven's $409,700 median for all listings. The beach ZIP codes were much slower: 32408 ran at 10.0 to 1 and 32413 at 6.3 to 1, mostly because of condo supply. Our October 27 article on Panama City condos listed long covers that side of the market. Prices by place are on the Panama City, Lynn Haven and Mexico Beach market pages.
Are new homes or resale homes moving faster near the base?
New homes. In 32404, the 145 active new-construction listings were matched by 59 pending, about 2.5 to 1, at a median asking price of $320,490. The 172 active resale homes were matched by 26 pending, about 6.6 to 1, at a median asking price of $335,000. Of the 56 closings we recorded in 32404 from October 1 to 29, 36 were new construction.
| Community in 32404 | Main listing office | Active | Pending | Median active asking price |
|---|---|---|---|---|
| Liberty | D.R. Horton | 34 | 14 | $314,900 |
| Parkbrook | Adams Homes | 28 | 2 | $310,991 |
| Titus Park | D.R. Horton | 17 | 8 | $371,900 |
| College Station | VCFL Realty and Adams Homes | 17 | 6 | $397,850 |
| Sunrise at East Bay | Adams Homes | 12 | 2 | $282,925 |
| Magnolia Ridge | Lennar | 6 | 9 | $307,737 |
Source: Momentum Research, live map snapshot, October 30, 2026, new-construction listings only. Community names come from the subdivision field on the listing; listing office is the brokerage on the MLS record. Deemed reliable but not guaranteed.
Lennar's Magnolia Ridge had more homes pending than for sale, and D.R. Horton's Liberty had the most activity of any community in the ZIP. Adams Homes' Parkbrook had the most active inventory relative to contracts. Builder profiles are on our D.R. Horton communities in Bay County and Adams Homes communities in Bay County pages, and the full list is on Bay County new construction homes.
What changed near the base in the last two weeks?
From October 16 to 29, 2026, our change log recorded 73 new listings in 32404, 24 homes going pending and 57 price reductions with a median cut of 3.13 percent. Across the whole feed, the median cut was 2.56 percent. Lynn Haven logged 17 new listings, 5 new pending sales and 21 price cuts at a median 1.92 percent. Supply near the base kept growing faster than contracts, so the 3.7 to 1 ratio reflects a steady flow of new listings as much as demand.
What should buyers relocating to Tyndall compare?
Price is only one line. Flood exposure, insurance and association fees vary by community. On October 30, 31 of the 317 active listings in 32404 carried a flood zone flag, against 21 of 82 in Lynn Haven and 11 of 45 in Mexico Beach. Compare the Panama City flood zones by neighborhood, Panama City home insurance cost, Lynn Haven home insurance cost and Bay County HOA fees by community pages with the asking price. Sellers of resale homes in 32404 face builders as their main competition, and resale listings there ran nearly three times slower than new construction.
People also ask
How many homes are for sale near Tyndall Air Force Base?
On October 30, 2026, ZIP 32404, which covers east Panama City, Callaway, Parker and Springfield, had 317 active listings and 85 pending, with a median asking price of $325,710.
When will the Tyndall Air Force Base rebuild be finished?
The officer overseeing the rebuild told WJHG on October 5, 2026 that most current projects will be finished by 2027. Some planned buildings still await congressional funding.
Are new homes cheaper than resale homes near Tyndall?
At the median, slightly. Active new-construction listings in 32404 asked $320,490 on October 30, 2026, against $335,000 for active resale listings, and new homes ran at 2.5 active listings per pending sale against 6.6 for resale.
Limitations
MLS figures are a single live snapshot taken October 30, 2026, plus the change log for October 16 to 29 and closings recorded October 1 to 29; they are not monthly totals and may differ from completed-month figures. Pending combines the MLS pending statuses. New construction follows the MLS new-construction flag. ZIP 32404 does not follow city limits, and area names are approximate. The flood zone flag reflects the listing record, not a flood determination for any property. Tyndall facts come from one news report and are not a forecast of base staffing or housing demand. This article is general information, not advice about any specific property or transaction.
Sources
- Momentum Research, computed from Central Panhandle MLS records, Bay County and Mexico Beach, live map snapshot October 30, 2026, and change log October 1 to 29, 2026. Information is deemed reliable but not guaranteed.
- WJHG report on the Tyndall Air Force Base rebuild, October 5, 2026.
- Panama City market data hub, Momentum Research.
Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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