Panama City, Florida is a part of the Panama City, FL metropolitan area area, and contains 11 zip codes, including: 32412, 32417, 32411, 32406, 32405, and 32403.
The 2019 average effective rent for Class A, B, and C apartments in the Panama City, FL metropolitan area area was $1,151, which is 39.68% lower than 2014 average rent. This represents a compounded annual growth rate of 6.91%. 2019 vacancy in Panama City, FL was 3.20%.
The total population of the city of Panama City, FL has grown 1.16% since 2010. As of 2018, the population was 36,908. The median household income of the Panama City was $41,161, which is 31.73% lower than the national average.