Callaway Real Estate

The City of Callaway in Bay County is a suburb of Panama City, and part of the metropolitan area that comprises Panama City, Panama City Beach, and Lynn Haven. It is located in the Florida panhandle area, near the gulf coast. The population is about 15,000 (2015 estimates).

The cost of living in Callaway is 9.30% lower than the national average. The median home price is $142,500 and the median apartment rent per month is $1,100. The median household income is about $47,500 and about 65% of the population are homeowners.

Some points of interest in and nearby Callaway are the Callaway Bayou and the Veterans Park. Despite the area’s isolation from air service and cultural amenities, the city offers good water recreation alternatives and attractive beaches. Also, future job growth is expected.

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