Home prices
The median home in Panama City Beach is valued at $243,300. This is approximately $12,680 (5%) higher in comparison to nearby areas.In comparison to the US as a whole it is approximately $25,800 (11%) higher, and it is about $92,600 (61%) higher in comparison to the city of Dothan.
Rents
The median monthly rent in Panama City Beach is $1,268. Compared to its surrounding areas this is about $220 (20%) higher.Compared to the entire country it is approximately $206 (19%) higher, and compared to the city of Dothan is approximately $517 (68%) higher.
Nearby places
Laguna Beach
Laguna Beach is Panama City Beach's neighbor to the west. The housing prices there are similar. The median home in Laguna Beach costs $237,000, which comes out to $6,300 (2%) lower than Panama City Beach. Rents there are somewhat less expensive. In Laguna Beach the median monthly rent is $996, which comes out to $272 (27%) lower than Panama City Beach.
Upper Grand Lagoon
Upper Grand Lagoon is Panama City Beach's neighbor to the southeast. Real estate prices there are a little less expensive. The median home in Upper Grand Lagoon is valued at $229,000, which works out to $14,300 (6%) lower than Panama City Beach. Rent there is somewhat less expensive. The median rent in Upper Grand Lagoon is $1,198 a month, which works out to $70 (5%) lower than Panama City Beach.
Lower Grand Lagoon
Lower Grand Lagoon is Panama City Beach's neighbor to the southeast. Real estate prices there are fairly similar. The median home in Lower Grand Lagoon is valued at $232,600, which is $10,700 (4%) lower than Panama City Beach. Its rents are somewhat less expensive. Lower Grand Lagoon's median monthly rent is $1,063, which works out to $205 (19%) lower than Panama City Beach.
Pretty Bayou
Pretty Bayou is roughly 10 miles east of Panama City Beach. The real estate prices there are similar. The median home in Pretty Bayou is valued at $254,400, which comes out to $11,100 (4%) higher than Panama City Beach. Its rents are substantially less expensive. Pretty Bayou's median rent is $824 a month, which works out to $444 (53%) lower than Panama City Beach.
Lynn Haven
Lynn Haven is roughly 12 miles east of Panama City Beach. Real estate prices there are a bit less expensive. The median home in Lynn Haven costs $200,100, which comes out to $43,200 (21%) lower than Panama City Beach. The rent there is somewhat less expensive. The median rent in Lynn Haven is $1,160 a month, which works out to $108 (9%) lower than Panama City Beach.
