Market Overview
Home Prices in Panama City Beach, FL
The median home value in Panama City Beach, FL is $416,066 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3% compared to a year ago and down 6.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Panama City Beach are priced1% above average. Panama City Beach is part of the Panama City, FL metro area.
Over the past five years, Panama City Beach home values have risen by approximately18.2%, reflecting steady appreciation in this market.
Price History
Panama City Beach Home Price Trend
City Comparison
Panama City Beach vs. National Median
At $416,066, homes in Panama City Beach cost 1% above the national median of $410,000. Buyers in Panama City Beach should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Panama City Beach?
20% Down Payment
$83,213
on $416,066
Monthly P&I
$2,170/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,756/mo
incl. taxes & insurance
Income Needed
$110,240
gross annual (30% rule)
10% Down Option
$41,607
+ PMI applies
Loan Amount (20% dn)
$332,853
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Panama City Beach, FL?
The median home value in Panama City Beach is $416,066 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3% year-over-year.
How much have home prices changed in Panama City Beach?
Over the past year, home values in Panama City Beach have decreased by 3%. Over five years, prices have risen approximately 18.2%.
How much do I need to earn to buy a home in Panama City Beach?
To comfortably afford the median home price of $416,066 with a 20% down payment ($83,213) at today's rates (6.8%), you'd need a gross annual income of approximately $110,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Panama City Beach compare to the national average home price?
The national median home value is approximately $410,000. At $416,066, homes in Panama City Beach are 1% above the national average.
What metro area is Panama City Beach part of?
Panama City Beach is part of the Panama City, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.