The median listing price in the Panama City-Panama City Beach metro area was $399K in September 2026, down 3.4% from a year earlier (Realtor.com). 2,933 homes were listed for sale, down 4.7% year over year, with a median of 101 days on market. The metro area covers Bay, Washington counties, with 206,627 residents and a median household income of $67,834 (U.S. Census Bureau, ACS 2019–2023).
Housing Market (September 2026)
| Median listing price | $399K | #9 of 28 |
|---|---|---|
| Listing price change (YoY) | -3.4% | |
| Active listings | 2,933 | #15 of 28 |
| Inventory change (YoY) | -4.7% | |
| Median days on market | 101 | |
| Listings with a price cut | 20.9% | |
| Listing price per sq ft | $286 | #5 of 28 |
Source: Realtor.com® Economic Research (realtor.com/research/data).
People and Affordability
| Population | 206,627 | #17 of 28 |
|---|---|---|
| Population growth (5 yr) | +4.1% | |
| Median household income | $67,834 | #15 of 28 |
| Median home value (owner-reported) | $264K | |
| Median gross rent | $1,390 | |
| Price-to-income ratio | 3.88× |
Source: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates.
Economy, Development and Banking
Totals across the 2 counties in the metro area.
| Total employment (2025) | 89,648 | |
|---|---|---|
| Permitted housing units, YTD (through August 2026) | 1,503 | |
| Banks headquartered here | 0 |
Sources: U.S. Bureau of Labor Statistics (QCEW); U.S. Census Bureau Building Permits Survey; FDIC BankFind Suite.
Florida foreclosure rates
- 1 in 2,397 Florida housing units had a foreclosure filing in August 2026, the #3 highest state rate (4,278 filings).
- For the first half of 2026, Florida had the #1 state rate: 0.27% of housing units.
- Florida metros in the national top 10: Punta Gorda (#1), Lakeland (#2), Cape Coral (#6), Jacksonville (#8), Ocala (#10).
Source: ATTOM, foreclosure rates by state (August 2026, published September 18, 2026) and mid-year 2026 report. Updated monthly.
Counties in the Panama City-Panama City Beach metro area
| County | Population | Median list price | YoY | Days on market |
|---|---|---|---|---|
| Bay County | 181,368 | $400K | -4.0% | 102 |
| Washington County | 25,259 | $283K | -2.3% | 81 |
See the Panama City-Panama City Beach area's Linton Global Market Score and Linton Global Value Gap against every Florida metro on the Market Map. Free to unlock.
See the Linton Global scores →How we calculate them: methodology.
Frequently Asked Questions
What is the median listing price in the Panama City-Panama City Beach area?
$399K in September 2026, according to Realtor.com Economic Research, -3.4% versus a year earlier.
Which counties are in the Panama City-Panama City Beach metro area?
Bay, Washington counties, under the federal (OMB) core-based statistical area definition.
How affordable is the Panama City-Panama City Beach area?
The ACS median home value is $264K against a median household income of $67,834, a price-to-income ratio of 3.88×.
Equal Housing Opportunity