Homes for Sale in Panama City, FL 32405

ZIP 32405 local snapshot

Panama City · Bay County · FL

Population

29,336

Median household income

$71,002

Median home value

$255,100

Census owner-occupied value estimate ($255,100) reflects ACS survey data with a longer lag than current MLS list prices ($330,000 median on this page).

Homeownership rate

59.8%

Housing tenure

Owner-occupied 59.8% · Renter-occupied 40.2%

59.8% own

Owner-occupiedRenter-occupied

How ZIP 32405 compares to Bay County

Benchmarks use Census ACS data across 12 ZIP codes in Bay County.

Median home value

20% below the county average

ZIP 32405$255,100

Bay County average$319,417

Median household income

6% below the county average

ZIP 32405$71,002

Bay County average$75,534

Homeownership rate

9% below the county average

ZIP 3240559.8%

Bay County average65.4%

Nearby ZIP code comparison

See how ZIP 32405 stacks up against neighboring areas by median home value and income.

ZIP	Area	Median home value	Median income	Distance
32405	Panama City	$255,100	$71,002	Current area
32401	Panama City	$207,000	$49,901	1.0 mi
32413	Panama City Beach	$384,000	$76,010	2.9 mi
32408	Panama City	$352,400	$72,322	3.7 mi
32409	Panama City	$221,500	$60,687	7.5 mi
32403	Panama City	—	$61,500	8.5 mi

Source: U.S. Census Bureau ACS 5-year estimates · Data as of Sep 2026