County market report · FIPS 12005
Bay County, FL
Panama City, FL · Population 171,322 (Census V2020 est.)
Typical value
$343,009
Sep 2026
1M
-0.2%
3M
-0.6%
12M
-0.0%
5Y
+15.8%
10Y
+80.0%
From peak
-7.2%
Peak $369,443 · Mar 2024
Rank US / state
2429 / 30
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyD · Accelerating Downturn
r3-0.56%p3-0.13%Acceleration-0.43ppMonths persisting1Evidence (Price-Only)56/100
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $340,982 | -3.6% |
| 2024 | $353,735 | -3.4% |
| 2023 | $366,175 | +0.9% |
| 2022 | $362,973 | +16.8% |
| 2021 | $310,666 | +20.3% |
| 2020 | $258,180 | +12.7% |
| 2019 | $228,986 | +2.7% |
| 2018 | $223,054 | +10.3% |
| 2017 | $202,181 | +6.2% |
| 2016 | $190,440 | +3.8% |
| 2015 | $183,392 | +6.7% |
| 2014 | $171,838 | +5.8% |
| 2013 | $162,369 | +7.2% |
| 2012 | $151,471 | -0.1% |
| 2011 | $151,659 | -10.1% |
| 2010 | $168,646 | -6.8% |
| 2009 | $180,949 | -11.6% |
| 2008 | $204,662 | -11.6% |
| 2007 | $231,403 | -5.7% |
| 2006 | $245,485 | +3.1% |
| 2005 | $238,098 | +31.1% |
| 2004 | $181,683 | +23.4% |
| 2003 | $147,196 | +12.0% |
| 2002 | $131,473 | +6.1% |
| 2001 | $123,880 | +3.1% |
| 2000 | $120,143 | — |