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Example household · $83,730 · same pay · 1 adult

Panama City

Housing in Panama City, FL: Rent, Home Prices & Property Tax

$2,328 left/mo

$1,328/mo (1 bd) in Panama City. Median home $263,500. Property tax 0.57%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$1,328
/mo
Buy
$1,803
Mortgage, tax, insurance
Buying costs more
$475
/mo

To buy

  • 20% down payment$52,700
  • Mortgage at 7.24%$1,437
  • Property tax (0.57% of value)$125/mo · $1,502/yr
  • Insurance and upkeep$242
  • Monthly total$1,803

Months to 20% down

$2,328 left each month. About 23 months (1.9 years) to save $52,700.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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