Panama City Beach 32413

Panama City, FL · Bay County, FL · 22,408 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

38affordability /100

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

Payment burden
37.6%
severe
Days on market
100
daily
Price cuts
24.3%
of active
Valuation
-33.8%
vs assessor
Look up an address
34
/100
weak
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

72/ 100SellerBalancedBuyer
Negotiate Hard
Needs 20.2% correction for affordability
DOM: 109d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)75
Valuation Gap (25%)40
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)75
Days on Market (5%)100

Moderate buyer leverage in 32413. Room to negotiate 5-10% below list. Payment burden: 37.6% of median income. A 7% price correction needed to reach 30% affordability threshold. Median days on market: 109. Renting is approximately 97% cheaper than buying (price-to-rent ratio: 23.6).

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 2.3% YoY.

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Market snapshoteach number, once

Median price
$471,615
▾ 2.3% YoY
Days on market
100
daily · zip_data
Median rent
$1,667
ZORI
Investor score
34/100
cash-flow lens
Active listings
690
90-day

Valuation3 lenses, different anchors

vs assessor
-33.8%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$312,000
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$329
Price-to-income6.2×

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How 32413 ranks in FL
percentile vs all FL ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

11SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply30.5 mo
Days on Market100d
Inv vs History-5.5%
Listing Density96.3/1k
Market dynamics
Price cut %24.3%
Momentumcooling
LeverageSELLER SLIGHT
Months of supply30.5
Sales (90d)0
Investment analysis
Median rent$1,667
Price-to-rent23.6
Est. cap rate2.8%
Buy vs rentfavors renting

Livability

Walk score2
Transit score—
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

32444
Lynn Haven
$327,569
+0.3%
Panama City Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Bay County