Panama City, FL Real Estate
According to census data in the year 2000 there were 16,524 housing units in Panama City.
This represents a 3.7% growth from 15,928 in 1990.
Of those housing units, 16,524 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Panama City is about 57.7%.
Panama City's vacancy rate, including seasonal lodging, is about 10.5%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Panama City were built after 1970.
|Housing Units by Size|
|Five Bedrooms or more||1.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.42|
|Median year structure was built||1964|
|Median Value of occupied units||$75,800|
|Median Price asked for vacant units||$54,200|
Rented Homes, Apartments and Condos
|Average Household Size||2.14|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$505|
Owners Finance Status
|Second Mortgage & Equity Loan||0.60%|
|Home Equity Loan||4.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17%|