Panama City 32401
Panama City, FL · Bay County, FL · 12,259 properties · updated 7/5/2026
Should you buy here?buyer-timing lens
56affordability /100
Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.
Payment burden
26.5%
affordable
Days on market
58
daily
Price cuts
24.8%
of active
Valuation
-43%
vs assessor
63
/100
stable
stable · seller slight · prices rising year-over-year.
Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.
Buyer / sellerbuyer-timing lens
Balanced Market
DOM: 111d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)40
Supply & Demand (20%)100
Buy vs Rent (15%)0
Cancellation Rate (10%)50
Days on Market (5%)100
Balanced market in 32401. List price is roughly fair — focus on condition and value. Payment burden: 26.5% of median income. Median days on market: 111.
Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLESELLER SLIGHT
Market is holding steady with balanced conditions. Sellers hold a slight edge.
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Market snapshoteach number, once
Median price
$217,902
▴ 0.0% YoY
Days on market
58
daily · zip_data
Median rent
$1,648
ZORI
Investor score
82/100
cash-flow lens
Active listings
156
90-day
Valuation3 lenses, different anchors
vs assessor
-43.0%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$124,100
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+60.7%
County-wide market — the widest, slowest signal.
Bay+60.7%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$197
Price-to-income4.4×
How 32401 ranks in FL
percentile vs all FL ZIPs
Comparative ranking not available for this ZIP.
Affordability, supply & momentum
22SUPPLY
OversuppliedSupply Tightness
Ample inventory — buyers have time and leverage to negotiate.
Months of Supply31.4 mo
Days on Market58d
Inv vs History+3.3%
Listing Density18.1/1k
Market dynamics
Price cut %24.8%
Momentumstable
LeverageSELLER SLIGHT
Months of supply31.4
Sales (90d)0
Investment analysis
Median rent$1,648
Price-to-rent11.0
Est. cap rate5.9%
Buy vs rentfavors buying
Livability
Walk score5
Transit score1
Bike score—
Historical trends
Bay County contextmacro · jobs · debt · migration
ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.