1. States
  2. /Florida
  3. /Bay County
  4. /Panama City
MSAPanama City-Panama City Beach#1/12 Population

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Showing latest year with year-over-year changes. Full permit history available with a paid plan. View plans →

Year

Insightsi

Construction activity in 2024 was up 7.9% from the prior year, with 288 housing units permitted.

  • •289% more units than the average Bay County town (74), suggesting faster-than-typical growth.
  • •Average unit valued at $359K — 57% above the Bay County average of $228K, indicating higher-end construction.
  • •8% of new units were multi-family (apartments, condos, duplexes).

Total Unitsi

288 ▲ 7.9%

2024

Total Valuei

$103.4M ▲ 8%

2024

Single-Familyi

92%

265 units

Multi-Familyi

8%

23 units

Panama City vs. Avg. Bay Co. Town (2024)i

Panama CityAvg.Diff
Total Unitsi28874+289%
Total Valuei$103.4M$16.9M+512%
Single-Familyi26527+881%
Multi-Familyi2347-51%
Buildingsi27228+871%
Value / Uniti$359K$228K+57%

Housing Units Permittedi

Solid line is Panama City; dashed line is Bay County average.

Construction Valuei

Solid line is Panama City; dashed line is Bay County average.

Census BPS