Panama City Beach 32407

Panama City, FL · Bay County, FL · 11,305 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

50affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
30.5%
stretched
Days on market
84
daily
Price cuts
22.6%
of active
Valuation
-3.7%
vs assessor
Look up an address
50
/100
mixed
cooling · seller slight · prices easing 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

65/ 100SellerBalancedBuyer
Negotiate Hard
DOM: 125d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)25
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)100
Days on Market (5%)100

Moderate buyer leverage in 32407. Room to negotiate 5-10% below list. Payment burden: 30.6% of median income. Median days on market: 125. Renting is approximately 71% cheaper than buying (price-to-rent ratio: 20.5).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
COOLINGSELLER SLIGHT

Market is cooling with expanding inventory. Sellers hold a slight edge. Prices down 3.7% YoY.

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Market snapshoteach number, once

Median price
$398,358
▾ 3.7% YoY
Days on market
84
daily · zip_data
Median rent
$1,622
ZORI
Investor score
41/100
cash-flow lens
Active listings
351
90-day

Valuation3 lenses, different anchors

vs assessor
-3.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$383,670
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$231
Price-to-income5.0×

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How 32407 ranks in FL
percentile vs all FL ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

15SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply34.6 mo
Days on Market84d
Inv vs History-17.7%
Listing Density54.3/1k
Market dynamics
Price cut %22.6%
Momentumcooling
LeverageSELLER SLIGHT
Months of supply34.6
Sales (90d)0
Investment analysis
Median rent$1,622
Price-to-rent20.5
Est. cap rate3.2%
Buy vs rentfavors renting

Livability

Walk score7
Transit score4
Bike score—

Historical trends

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Bay County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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Nearby ZIP codes

32401
Panama City
$217,902
0.0%
Panama City Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Bay County