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Homes For Sale In Panama City, FL

Homes

Panama City is a beautiful coastal city in Bay County and one of the best locations to find Florida real estate in Florida’s panhandle. With stunning views of St. Andrews Bay and The Grand Lagoon, Panama City offers access to over five state parks and miles of sandy beaches along the Gulf Coast. Aside from the sunny climate and beachfront sights, Panama City boasts a solid school district, a supportive community environment for families, and oceanfront Florida homes for sale that suit all lifestyles and preferences.

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$499,000

Active Listing

Single Family Home For Sale

Panama City, FL 32405

Single Family Home For Sale

New Listing - 8 hours on Site

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$135,000

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Single Family Home For Sale

Panama City, FL 32401

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New Listing - 12 hours on Site

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$199,000

Pending Listing

Single Family Home For Sale

Panama City, FL 32401

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New Listing - 13 hours on Site

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$240,000

Active Listing

Single Family Home For Sale

Panama City, FL 32401

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$244,000

Active Listing

Single Family Home For Sale

Panama City, FL 32404

Single Family Home For Sale

New Listing - 15 hours on Site

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$279,000

Active Listing

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Panama City, FL 32404

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New Listing - 16 hours on Site

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$315,000

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4131 Magnolia Beach Road

Panama City, FL 32408

Single Family Home For Sale

New Listing - 17 hours on Site

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$269,900

Active Listing

Single Family Home For Sale

Panama City, FL 32405

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$279,900

Active Listing

Single Family Home For Sale

Panama City, FL 32405

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$585,000

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Single Family Home For Sale

Panama City, FL 32404

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$378,000

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Single Family Home For Sale

Panama City, FL 32404

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$378,000

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Panama City, FL 32404

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$234,900

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Single Family Home For Sale

7223 S Lake Joanna Drive

Panama City, FL 32404

Single Family Home For Sale

New Listing - yesterday

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$450,000

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Single Family Home For Sale

Panama City, FL 32401

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$550,000

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Single Family Home For Sale

Panama City, FL 32404

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$450,000

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Single Family Home For Sale

105 White Oaks Boulevard

Panama City, FL 32409

Single Family Home For Sale

New Listing - 2 days on Site

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$259,900

Active Listing

Single Family Home For Sale

Panama City, FL 32405

Single Family Home For Sale

New Listing - 2 days on Site

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$599,900

Active Listing

Single Family Home For Sale

Panama City, FL 32408

Single Family Home For Sale

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$310,000

Active Listing

Single Family Home For Sale

Panama City, FL 32404

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New Listing - 3 days on Site

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$250,000

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Single Family Home For Sale

Panama City, FL 32401

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Real Estate Market in Panama City, FL

Homes For Sale In Panama City, Florida

The Panama City real estate market has been heating up over the past year as more and more relocators head to this beautiful destination from in and out of Florida. The same trend has been seen in other sought-after markets across Bay County such as Panama City Beach and Lynn Haven. The median listing price for houses in Panama City is $327K, below the state’s average and with a growth of around 17%.

While homebuyers can find almost any type of real estate in Panama City, from cozy townhomes to bayfront condos, over 61% of the housing supply corresponds to single-family homes for sale in Panama City. These houses attract mostly young families looking for a peaceful existence near the beach with extra benefits like metropolitan amenities, good schools, and Florida’s low tax burdens.

In most cases, the single-family homes for sale in Panama City are two or three-bedroom affairs built in the ‘70s or the ‘80s and they spent 38 days on the market on average. Be ready to encounter some quaint beach bungalows, classic Florida ranch-style homes, and even sprawling estates of brick construction with double garage and fully-fenced backyards.

Panama City, FL Neighborhood & Suburb Sampler

Forest Park

Forest Park is a small residential neighborhood in central Panama City. Boasting some Panama City homes for sale and plenty of living options, you can find something that fits any budget or lifestyle. Here, you'll be just minutes away from Panama City Beach but still have access to all the staple amenities.

You’ll love the nearby commercial areas, essential services like schools (Northside Elementary) and healthcare facilities (HCA Florida Gulf Coast Hospital), and abundant recreation options including all the neighboring beaches and fishing spots. If you are ready to enjoy life surrounded by modern-day comforts, homes for sale in Forest Park sell for a median price of $255K.

The Woods

If you appreciate peace and seclusion, then The Woods in Panama City is the ideal place for your new home. Nestled away from the hustle and bustle of city life, this charming neighborhood provides a tranquil escape in which to relax and unwind.

Moving to The Woods homes for sale provides a serene atmosphere for couples and retirees, with the convenience of being only minutes away from essential resources like banks, restaurants, home centers and clinics. With some of the best schools in Florida located within driving distance, it's an ideal choice for growing families, too. Panama City homes for sale in this community are commonly on large lots and the median price is around $370K.

Lynn Haven

Lynn Haven is a suburban city situated north of Panama City homes for sale with a growing population of 18K. From shopping centers to cultural events, Lynn Haven is full of activities, with world class golf courses and outdoor recreation opportunities (including three major Florida parks) to boot.

This area offers Panama City homes for sale ranging from small bungalows to sprawling new construction estates and attracts homebuyers looking for a relaxing retirement close to the ocean or families wanting a bit more sun and fun in their days. Homes for sale in Lynn Haven sell for around $315K.

Pretty Bayou

If you're searching for a close-knit area, Pretty Bayou, situated west of Panama City, is your perfect fit. With its quiet population and plentiful activities to participate in, this city is a premier spot to buy Panama City waterfront homes for sale. The easiest way to define lifestyle in Pretty Bayou is quiet suburban living by the bay.

The homes for sale in Pretty Bayou often cater to a variety of lifestyles, from retirees and families to working professionals seeking affordable housing close to Panama City. The median sale price in this community is $399K. Here you get endless outdoor recreation options, from multiple parks to miles of pristine white sand beaches close by.

Panama City, FL Schools

Panama City, Florida offers top-quality schools in the panhandle area, meaning Panama City homes for sale are a great option when it comes to finding a place where your kids can get a good education.

Bay District Schools is the local school board in charge of 42 schools serving a population of over 26K students. The schools are divided into 18 elementary schools, six middle schools, five high schools, two multi-grade schools, and three special education schools. Top institutions in Panama City, FL include:

Public Schools In Panama City, FL

Elementary Schools in Panama City, Florida

Callaway Elementary School
Cedar Grove Elementary School
Deer Point Elementary School
Hiland Park Elementary School
Northside Elementary School
Parker Elementary School

Middle Schools in Panama City, Florida

Breakfast Point Academy
Deane Bozeman School
Jinks Middle School
Merritt Brown Middle School
Mowat Middle School
Surfside Middle School

High Schools in Panama City, Florida

A. Crawford Mosley High School
Bay High School
Deane Bozeman School
J.R. Arnold High School
Rosenwald High School
Rutherford High School

Private Schools In Panama City, FL

Holy Nativity Episcopal School
Panama City Advanced School
Covenant Christian School
St. John Catholic Academy
Eagle Nest Christian Academy

Specialized Schools In Panama City, FL

Panama City Trilingual School
Gulf Coast School For Autism

Colleges & Universities Near Panama City, FL

Florida State University - Panama City Campus
Gulf Coast State College

Frequently Asked Questions About Panama City, FL Homes For Sale

What Is The Zip Code For Panama City, Florida?

Panama City, FL comprises six different zip codes. Buyers of Panama City homes for sale often search for active listings in these zip codes: 32401, 32402, 32404, 32405, 32406, 32412.

What County Is Panama City In?

Panama City is a city and the county seat of Bay County, Florida.

Where Is The Nearest Commercial Airport For Panama City, Florida?

For anyone looking to purchase a home in Panama City, FL, the closest commercial airport is Panama City NW Florida Beaches (ECP). The airport is located approximately 30 minutes (or 23 miles) north of the city’s downtown area.

Is Destin Or Panama City Better?

Deciding between Panama City and Destin definitely isn't an easy decision. Panama City is known for its affordability; with Panama City homes for sale averaging around the low $300s, you can get far more bang for your buck there than in Destin. Panama City also boasts plenty of unique attractions both on the beach and inland.

However, Destin is renowned as one of the best fishing spots in the world with some of the most beautiful beaches, scenic golf courses and a much more laid-back, village-like atmosphere. As you see, there's no easy answer here, you'll just have to do your research and go check them out yourself and decide which one is a fit for you.

Is Panama City, Florida A Good Place To Retire?

Named by Niche.com as one of the top places to retire in Bay County, Panama City offers an excellent mix of amenities for retirees looking to settle down. Retirees can take advantage of Panama's warm climate, stunning scenery, and relatively low cost of living; all while still having access to top notch medical facilities and quality dining options.

Plus, Panama City features world-class shopping, live entertainment, world-class fishing and boating, and international events year-round - making it the perfect choice for anyone seeking a stimulating retirement destination.

What Major Florida Cities Are Panama City Homes Close To?

Panama City homes for sale are great for many reasons, not least of which is their convenience. The city has great access to major cities throughout Florida, including nearby Pensacola, Panama City Beach, and Tallahassee.

These cities are close enough to experience all the amenities they have to offer while also providing an escape from more crowded areas. Panama City homes for sale also provide easy day trip opportunities such as Destin and Fort Walton Beach, both located on the Emerald Coast.

Living In Panama City, FL

Cost of Living Panama City, Florida

For those seeking affordable city living, Panama City is a great option. With its cost of living index at 88.4 according to bestplaces.net (lower than both Florida and the US national averages which are 103.1 and 100 respectively), this stunning urban hub provides an unbeatable quality of life for its residents despite being more financially accessible than most other American cities.

Housing is one of the most cost-effective expenses in the area followed by transportation and groceries. If you move to a home for sale in Panama City expect to pay close to the state’s average for other things, like healthcare and utilities.

Weather In Panama City, Florida

Panama City is known for its beautiful weather year-round. Summers are hot and humid with temperatures reaching the high 80s but thankfully, most Panama City homes for sale are situated close to many beaches that offer a great respite from the heat. Winters tend to be mild, with temperatures around 70°F, which makes Panama City an attractive option for retirees seeking a warm climate.

What is the hottest month in Panama City Florida?

Panama City is a prime vacation spot, and it's known for having hot weather all year round. The hottest month of the summer in Panama City is July, with an average high of 91°F and a low of 76°F.

Healthcare In Panama City, Florida

Panama City is a top destination to look for a home if you value well-rounded healthcare. The city has two main healthcare providers:

Ascension Sacred Heart Bay: This is a 202-bed acute care hospital in Bay County offering residents in Panama City homes for sale a variety of services including 24/7 emergency, general surgery, heart surgery, and the area’s only trauma center.
HCA Florida Gulf Coast Medical Center: This hospital continues to grow with the community offering high-quality, cost-effective medical services like emergency care and a postpartum unit. This hospital is certified in advanced primary stroke care and accredited as a comprehensive breast care center. It is also the area’s only accredited chest pain center.

Job Market In Panama City, FL

If you are transitioning from a bustling U.S. city and seeking plenty of career openings, you may feel that Panama City offers limited professional opportunities. The local economy of this Florida region is mostly driven by the service (mainly hospitality), manufacturing, retail, and real estate industries.

You can also find employment opportunities in the military since this area is home to Tyndall Air Force Base and the U.S. Navy's Naval Support Activity Panama City. It is also around 100 miles south of the US Army's Aviation Center of Excellence in Fort Rucker, Alabama. The largest employers in Panama City are:

The Federal Government
Eastern Shipbuilding Group
Gulf Power
Trane
L-3 Communications
ARINC
JENSEN-GROUP

Transportation In Panama City, FL

Like many other cities in the Sunshine State, Panama City is mostly car-dependent with a low walk score of 33 out of 100. Residents in this area of Florida’s panhandle will find no trouble driving around with five major roads serving them, including US 98, US 231, SR 77, SR 390, and SR 368. Because of its location on St. Andrews Bay, Panama City is almost entirely surrounded by water and bridges are true necessities. There are three major routes that cross parts of the bay:

Bailey Bridge to the north via Hwy 77
Dupont bridge to its south with Hwy 98
Hathaway Bridge in a western direction also using Hwy 98

Residents in Panama City homes for sale in need of public transit alternatives have The Bay Line Railroad running north to Dothan Alabama and local bus services provided by Baytown Trolley. Air transportation is served by Northwest Florida Beaches International Airport (ECP).

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