Panama City Florida Real Estate
Panama City, Florida, is located in Bay County, 74 miles S of Dothan, Alabama and 245 miles W of Jacksonville, Florida. Panama City has a population of 36,417.
Panama City Homes
Panama City properties pool is 14,797 residential properties including Panama City new homes. Median age of real estate in Panama City is 1970. Average Household size is 2.92 people. 4% are one bedroom homes, 21% are 2 bedroom homes, 56% are 3 bedroom homes, 16% are 4 bedroom homes, and 2% are 5+ bedroom homes.
Panama City Mortgage Statistics
Panama City mortgages vs. USA median statistics
| Homes |
Panama City |
USA |
| Homes With No Mortgage |
39% |
30% |
| Homes With Mortgage |
61% |
70% |
| First Mortgage Only |
50% |
54% |
| First & Second Mortgage or HELOC |
11% |
16% |
Panama City Area Real Estate Tax
Panama City Real estate Tax: Median Real Estate Taxes (2000) were $525 comparing to 1999 Median Family income $ 40,890. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Panama City School District: Children make up 23% of Panama City population. Panama City has 8,361 under 18 years old residents, or 0.55 kids per one worker, or 0.57 kids per one household.
Panama City Real Estate & Panama City Homeownership
There are 4735.04 or 32% one person households, 5030.98 or 34% two person households, and 2367.52 or 16% three person households in Panama City, Florida. Median residents age is 37.2, Senior citizens (65+) make up 5,799 or 15.9%% of Panama City population.
There are 15,173 workers (over 16 years of age) in Panama City. Of these, 93.92% drive to work. Approximately 0.71% of workers in Panama City take public transportation. An estimated 1.61% walk to work.
Median Panama City homeowner's housing expences are 17%
Crime in Panama City (2003), crimes per 10,000 residents per year
| Type of Crime |
Panama City |
USA, 2003 |
| Violent Crimes |
103.8 |
47.5 |
| Robberies |
23.89 |
14.2 |
| Aggravated Assaults |
70.3 |
29.5 |
| Property Crimes |
773.81 |
358.8 |
| Burglaries |
134.55 |
74.0 |
| Larceny-Thefts |
596.7 |
241.5 |
| Motor Vehicle Thefts |
42.56 |
43.3 |
Invest in Panama City Properties
When making a decision about buying real estate in Panama City Florida area, you should consider following statistical data:
| Category |
Panama City |
USA |
| Near Medium City |
Dothan, Alabama |
- |
| Near Large City |
Jacksonville, Florida |
- |
| Panama City Zip Codes |
32401, 32403, 32404, 32405, 32407, 32408, 32409, 32413 |
- |
| Panama City Area Codes |
850 |
- |
| White population |
73.64% |
75.1% |
| African-American population |
21.45% |
12.3% |
| Asian |
1.55% |
3.6% |
| American Indian & Alaskan |
0.63% |
0.9% |
| Hispanic (of any race) |
2.91% |
12.5% |
| Median Family Income (1999) |
$ 40,890% |
$42,000 |
| Population Below Poverty Level |
16.13% |
12.4% |
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