Panama City Real Estate

Panama City, Florida, is the largest city between Pensacola and Tallahassee. By 2015 estimates, the city has a population of approximately 38,200. The city began as a small community named Floriopolis, which was later named Park Resort, and then Harrison. It became Panama City in an attempt to push real estate development during the time the Panama Canal was being constructed.

Panama City is located in a privileged location on St. Andrews bay in the Florida Panhandle. The city’s living environment is very appealing. Good housing opportunities, fishing and water sports, and a pleasant climate are just a few of the often cited attributes of Panama City.

The real estate market in Panama City is healthy at the moment. The average home cost is $148,000 and the average apartment rent is $1,150. The average family income is $40,800. About 65% of the residents are homeowners. The cost of living, on the other hand, is 7 points below the U.S. average (2017).

Panama City is considered one of the leading art towns in the U.S. The city offers several year-round events that attract many tourists from everywhere. Some of the most popular are The Annual Spring Boat Show, A Classic Car Show, The Blessing of the Fleet, The Annual Independence Day Celebration, and the Spring Festival of the Arts.

Featured Real Estate Agents and Agencies in Panama City, FL: Michael & Cynthia McQuaig - Latitudes Realty, Connie Overstreet - Overstreet Realty, David Murphree - Nations Real Estate, Carla Bjorklund, Mike Bumgardner - ERA Neubauer Real Estate, and Counts Real Estate Group, Inc.

Real Estate in Panama City
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