Homes for Sale in Panama City, FL 32409

ZIP 32409 local snapshot

Panama City · Bay County · FL

Population

10,941

Median household income

$60,687

Median home value

$221,500

Census owner-occupied value estimate ($221,500) reflects ACS survey data with a longer lag than current MLS list prices ($390,000 median on this page).

Homeownership rate

91.7%

Housing tenure

Owner-occupied 91.7% · Renter-occupied 8.3%

91.7% own

Owner-occupiedRenter-occupied

How ZIP 32409 compares to Bay County

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

Median home value

31% below the county average

ZIP 32409$221,500

Bay County average$319,417

Median household income

20% below the county average

ZIP 32409$60,687

Bay County average$75,534

Homeownership rate

40% above the county average

ZIP 3240991.7%

Bay County average65.4%

Nearby ZIP code comparison

See how ZIP 32409 stacks up against neighboring areas by median home value and income.

ZIP	Area	Median home value	Median income	Distance
32409	Panama City	$221,500	$60,687	Current area
32405	Panama City	$255,100	$71,002	7.5 mi
32401	Panama City	$207,000	$49,901	8.4 mi
32413	Panama City Beach	$384,000	$76,010	9.8 mi
32408	Panama City	$352,400	$72,322	10 mi
32407	Panama City Beach	$403,500	$79,052	11 mi

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