Is Panama City, FL a good place to invest in rental property?

Panama City, FL has a median modeled monthly cash flow of $-499 and a median cap rate of 4.3%, on a median sold price of $304,990. Prices changed +0.0% year over year.

What is the average cap rate in Panama City, FL?

The median cap rate across recently sold homes in Panama City, FL is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Panama City, FL?

The median sold price in Panama City, FL is $304,990 (about $185 per square foot).

Investing in Panama City, FL Real Estate

A data-driven snapshot of the Panama City, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$304,990Median sold price

$185Median $/sqft

4.3%Median cap rate

$-499Modeled cash flow / mo

+0.0%Appreciation YoY

10.7Months of supply

1,375Active listings

1,545Sold (last 12 mo)

What the Panama City numbers say

In Panama City, FL, the median home sold for $304,990 (about $185 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-499 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 10.7 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 21 fix-and-flip deals in Panama City — listings where the estimated after-repair value beats list price + rehab.

Other Florida markets to compare

See Panama City cash-flowing listings

CashFlowRE ranks every for-sale home in Panama City, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Panama City deals, or browse the national market data.