234 White Sandy Dr · Panama City Beach, FL 32407

$319,900

2 bd · 3.0 ba · 1,188 sqft · Townhouse public records · 145 Days on market

Built 1990 $269/sqft · 29% below area Est $452k · 29% under · waterfront

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +11.5/30.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• DSCR +3.4/10.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Do you want to WALK TO THE BEACH from YOUR HOME? Come check out this 2 Bedroom with 2.5 Baths. It is a ''Glassback''style unit backing up to the CANAL. This unit has a lot of Property in the Front & Back of the unit. If you are L@@king for a unit to sit out back and Enjoy your Coffee, Grill Out, or Read a Book come check me out. If you enjoy Peacefulness you will love Sitting out by the Canal on this private Dead End Street. You can even invite friends to visit and have plenty of Entertaining Space and if they spend the night they can have their own Private Bath. Bring your toothbrush and clothes and start enjoying the BEACH today!!! This unit has 2 Private Parking Spaces, so if you get a ''Street Legal'' Golf Cart, you will have a place to park it and you can CRUISE to Walmart, St Andrews Park, Pier Park, Post Office, Shopping, Dining, and THE BEACH. The Post Office, Walmart, and THE BEACH are in WALKING DISTANCE. HOA fees are $1121.78/Qtr and include Household Trash Disposal, Wi-Fi Internet, Lawn Mowing, Sprinklers, Termite Contract with HOA, Some Pest Control, and the Amenities. .. 11 Pools ''5 Heated'', 3 Tennis Courts ''2 Lighted'', 4 Pickleball Courts, Fitness Center, 18 Hole Mini Golf, 2 Playgrounds, Shuffleboard Courts, Conference Center, and a Private Beach House with a Snack Bar on The Beach along with 1 of the 11 Pools. ~~ Age, S/F, and Dimensions are approximate. .. Please verify if important. ~~ All Information contained herein is deemed to be reliable but not guaranteed and should be verified by the Buyers. Everything is subject to. .. Errors, Changes with items in or on the Property, Omissions in prior sales, changes or withdrawals without notice.

Key facts

• 11 pools
• Private bath
• Community pool

Tags

• BACKS UP TO THE CANAL
• PRIVATE DEAD END STREET
• PRIVATE BATH
• PRIVATE PARKING SPACES
• WALKING DISTANCE TO THE BEACH
• 11 POOLS

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath townhouse listed at $320k.

Deal economics

• At list price, monthly cash flow is $-103 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $302k (5.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $252k (21.2% below list).
• Recommended offer: $252k (21.2% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 2.6% in Panama City Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#172 in FL, #2,624 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, commute F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hutchison Beach Elementary School (math 55% / reading 45%, grade D+, #1,070 of 2,144 statewide, top 51%, 621 students, 59% FRL); Surfside Middle School (math 58% / reading 59%, grade B, #148 of 571 statewide, top 26%, 843 students, 48% FRL); J.R. Arnold High School (math 41% / reading 54%, grade D, #204 of 667 statewide, top 31%, 1,617 students, 36% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents soft (-0.2%/yr); 705 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 37% of the median local income ($81k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 145 days — a 12% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $160k; list at $320k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $251,990 (21.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 145 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.38%
• DSCR: 0.94
• GRM: 10.6

CMA / ARV

• ARV (median comp): $452,420
• List price: $319,900
• Delta: -29.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
106 Tonya Ln	0.07mi	2/2.5	1,188 (0%)	1mo	$316,000	$266	94
10625 Front Beach Rd #901	0.22mi	2/2.0	1,174 (-1%)	0mo	$465,000	$396	84
157 Kimberly Dr	0.18mi	2/2.5	1,248 (+5%)	0mo	$315,000	$252	81
10519 Front Beach Rd Unit 1802B	0.24mi	2/2.0	1,147 (-4%)	1mo	$475,000	$414	78
105 Linda Marie Ln	0.18mi	2/1.5	1,080 (-9%)	0mo	$288,000	$267	70
9900 S Thomas Dr #2003	0.49mi	2/2.5	1,131 (-5%)	1mo	$520,000	$460	66
112 Robin Ln	0.27mi	3/2.5 (+1)	1,293 (+9%)	1mo	$370,000	$286	65
10515 Front Beach Rd #603	0.32mi	2/2.0	1,326 (+12%)	1mo	$580,000	$437	61
177 Robin Ln	0.39mi	2/1.5	1,061 (-11%)	1mo	$265,000	$250	58
9902 S Thomas Dr #1928	0.54mi	3/2.0 (+1)	1,262 (+6%)	0mo	$241,500	$191	55
9860 S Thomas Dr #1906	0.62mi	3/2.0 (+1)	1,262 (+6%)	1mo	$355,000	$281	51
9860 S Thomas Dr #2014	0.62mi	1/2.0 (-1)	1,047 (-12%)	1mo	$252,000	$241	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -21.8%
• Equity multiple: 0.27×
• Total profit: $-65,813
• Equity at exit: $47,698

10-year hold

• IRR: -24.5%
• Equity multiple: -0.05×
• Total profit: $-94,428
• Equity at exit: $27,659

Cash invested: $89,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32407

• Home prices YoY: -29.5%
• Rents YoY: -0.2%
• Active inventory: 705
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,520 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$283 /mo · $3,393/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $-103

Break-even live

Break-even rent $2,650

Max offer price $301,715

Occupancy floor 99%

Sensitivity live

Price	-10% $78	-5% $-12	+0% $-103	+5% $-193	+10% $-284
Rent	-10% $-302	-5% $-202	+0% $-103	+5% $-3	+10% $96
Rate	-1.0pp $58	-0.5pp $-22	base $-103	+0.5pp $-186	+1.0pp $-270

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10625 Front Beach Rd Unit 1354975P Panama City Beach, FL	2.0	2.0	1140	$3,166	$2.78	15d	1	0.22mi
133 W Leslie Ln Unit 1 Panama City Beach, FL	2.0	1.5	950	$2,200	$2.32	23d	1	0.22mi
10811 Front Beach Rd Unit 1354928P Panama City Beach, FL	3.0	2.0	1194	$3,463	$2.90	15d	1	0.24mi
136 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,750	$1.80	15d	1	0.37mi
138 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,599	$1.65	15d	1	0.37mi
104 Gulfside Ct Unit 1523320P Panama City Beach, FL	3.0	3.0	1496	$5,020	$3.36	15d	1	0.41mi
998 Gulfside Ct Unit 1523366P Panama City Beach, FL	2.0	2.0	1065	$4,124	$3.87	15d	1	0.42mi
9815 S Thomas Dr Unit 1523339P Panama City, FL	3.0	2.0	1259	$4,018	$3.19	23d	1	0.45mi
204 Potters Bluff Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1035	$1,651	$1.60	15d	12	0.47mi
9902 S Thomas Dr Unit 1354966P Panama City Beach, FL	2.0	2.0	1259	$1,970	$1.56	15d	1	0.54mi
98 Paddock Club Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1093	$1,751	$1.60	15d	19	0.56mi
9850 S Thomas Dr Unit 1 Panama City Beach, FL	1.0	1.0	700	$2,750	$3.93	23d	1	0.63mi
520 N Richard Jackson Blvd #1912 Panama City Beach, FL	2.0	2.0	1200	$2,375	$1.98	15d	1	0.67mi
11222 Hutchison Blvd Unit 1523347P Panama City Beach, FL	2.0	2.0	1194	$3,907	$3.27	23d	1	0.72mi
104 White Cap Way Panama City Beach, FL	3.0	2.0	1146	$2,700	$2.36	23d	1	0.76mi
175 White Cap Way Unit 1 Panama City Beach, FL	3.0	2.5	1432	$1,750	$1.22	15d	1	0.81mi
10400 Panama City Beach Pkwy Panama City Beach, FL	1.0–3.0	1.0–2.0	1151	$1,890	$1.64	15d	20	0.97mi
11709 Seashore Ln Panama City Beach, FL	3.0	2.0	1269	$2,300	$1.81	15d	1	1.00mi
800 Grand Panama Blvd Panama City Beach, FL	3.0	1.0–2.0	978	$2,299	$2.35	15d	30	1.05mi
12011 Front Beach Rd Unit 1523327P Panama City Beach, FL	2.0	2.0	1076	$3,796	$3.53	15d	1	1.17mi
302 Cabana Blvd Panama City Beach, FL	1.0–3.0	1.0–2.0	1184	$1,550	$1.31	15d	15	1.42mi
2521 Allison Ave Panama City, FL	2.0	2.0	980	$1,450	$1.48	23d	1	1.47mi
2301 Anne Ave Unit 8901 Laird Panama City, FL	2.0	2.0	900	$1,625	$1.81	15d	1	1.50mi

Listing history 25 events

1. 2026-06-21
   days on market $319,900 Active 145 DOM
2. 2026-06-19
   days on market $319,900 Active 143 DOM
3. 2026-06-18
   days on market $319,900 Active 142 DOM
4. 2026-06-17
   days on market $319,900 Active 141 DOM
5. 2026-06-16
   days on market $319,900 Active 140 DOM
6. 2026-06-15
   days on market $319,900 Active 139 DOM
7. 2026-06-14
   days on market $319,900 Active 137 DOM
8. 2026-06-13
   days on market $319,900 Active 136 DOM
9. 2026-06-10
   days on market $319,900 Active 134 DOM
10. 2026-06-09
    days on market $319,900 Active 133 DOM
11. 2026-06-08
    days on market $319,900 Active 132 DOM
12. 2026-06-07
    days on market $319,900 Active 131 DOM
13. 2026-06-05
    days on market $319,900 Active 128 DOM
14. 2026-06-03
    days on market $319,900 Active 127 DOM
15. 2026-06-02
    days on market $319,900 Active 126 DOM
16. 2026-06-01
    days on market $319,900 Active 125 DOM
17. 2026-05-31
    days on market $319,900 Active 124 DOM
18. 2026-05-30
    days on market $319,900 Active 123 DOM
19. 2026-01-26
    listed $319,900 Active 1699-char remark

    Show marketing remark (1699 chars)

    Do you want to WALK TO THE BEACH from YOUR HOME? Come check out this 2 Bedroom with 2.5 Baths. It is a ''Glassback''style unit backing up to the CANAL. This unit has a lot of Property in the Front & Back of the unit. If you are L@@king for a unit to sit out back and Enjoy your Coffee, Grill Out, or Read a Book come check me out. If you enjoy Peacefulness you will love Sitting out by the Canal on this private Dead End Street. You can even invite friends to visit and have plenty of Entertaining Space and if they spend the night they can have their own Private Bath. Bring your toothbrush and clothes and start enjoying the BEACH today!!! This unit has 2 Private Parking Spaces, so if you get a ''Street Legal'' Golf Cart, you will have a place to park it and you can CRUISE to Walmart, St Andrews Park, Pier Park, Post Office, Shopping, Dining, and THE BEACH. The Post Office, Walmart, and THE BEACH are in WALKING DISTANCE. HOA fees are $1121.78/Qtr and include Household Trash Disposal, Wi-Fi Internet, Lawn Mowing, Sprinklers, Termite Contract with HOA, Some Pest Control, and the Amenities. .. 11 Pools ''5 Heated'', 3 Tennis Courts ''2 Lighted'', 4 Pickleball Courts, Fitness Center, 18 Hole Mini Golf, 2 Playgrounds, Shuffleboard Courts, Conference Center, and a Private Beach House with a Snack Bar on The Beach along with 1 of the 11 Pools. ~~ Age, S/F, and Dimensions are approximate. .. Please verify if important. ~~ All Information contained herein is deemed to be reliable but not guaranteed and should be verified by the Buyers. Everything is subject to. .. Errors, Changes with items in or on the Property, Omissions in prior sales, changes or withdrawals without notice.

20. 2016-01-14
    soldstatus $160,000
21. 2016-01-04
    soldstatus $160,000 2114-char remark

    Show marketing remark (2114 chars)

    I am a 2 BR ''Glassback'' unit backing up to the Canal. If you are L@@king for that ''Beachy Theme'', come check me out. Bring your toothbrush and clothes I am move in ready with my new Flooring, Lightning, Decor, A/C, Furnace, Water Heater, and Roof. If you enjoy Peacefulness you will love Sitting out by the Canal on this private dead end street. You can even invite friends to visit, I have plenty of entertaining space and if they spend the night they can have their own Private Bath. This "Gated Resort" features 11 Pools (5 Heated), 4 Tennis Courts (2 Lighted), An 18 Hole Putt Putt Golf Course, several Shuffleboard Courts, a Conference Center, Fitness Center, Wi-Fi rooms, and a Clubhouse with a Pool directly on the Beach. .. there is NO EXTRA CHARGE to use any of these amenities. This Resort is great for Walking, Jogging, and Bike Riding. You even own the 2 Parking Spaces in front of your unit along with the Front & Back Yard. NO Elevators to wait on and NO hunting for a Parking Space! This is not a "Condo", so they are much easier to This "Gated Resort" features 11 Pools (5 Heated), 4 Tennis Courts (2 Lighted), An 18 Hole Putt Putt Golf Course, several Shuffleboard Courts, a Conference Center, Fitness Center, Wi-Fi rooms, and a Clubhouse with a Pool directly on the Beach. .. there is NO EXTRA CHARGE to use any of these amenities. This Resort is great for Walking, Jogging, and Bike Riding. You even own the 2 Parking Spaces in front of your unit along with the Front & Back Yard. NO Elevators to wait on and NO hunting for a Parking Space! This is not a "Condo", so they are much easier to get a loan on. The HOA dues are only $420/Qtr equals ($140/month) the dues include trash, cable, some pest control, termite bond, lawn mowing, sprinklers, and of course ALL the amenities. Gulf Highlands Beach Resort is Great for Weekly Rentals, Snowbirds, or for that Affordable Getaway Home at the Beach!!! There is a 2 pet maximum per unit with a 25lb weight limit per pet. Age, SF, and Dimensions are approximate. .. please verify if important.

22. 2015-10-31
    listed $169,900 2114-char remark

    Show marketing remark (2114 chars)

    I am a 2 BR ''Glassback'' unit backing up to the Canal. If you are L@@king for that ''Beachy Theme'', come check me out. Bring your toothbrush and clothes I am move in ready with my new Flooring, Lightning, Decor, A/C, Furnace, Water Heater, and Roof. If you enjoy Peacefulness you will love Sitting out by the Canal on this private dead end street. You can even invite friends to visit, I have plenty of entertaining space and if they spend the night they can have their own Private Bath. This "Gated Resort" features 11 Pools (5 Heated), 4 Tennis Courts (2 Lighted), An 18 Hole Putt Putt Golf Course, several Shuffleboard Courts, a Conference Center, Fitness Center, Wi-Fi rooms, and a Clubhouse with a Pool directly on the Beach. .. there is NO EXTRA CHARGE to use any of these amenities. This Resort is great for Walking, Jogging, and Bike Riding. You even own the 2 Parking Spaces in front of your unit along with the Front & Back Yard. NO Elevators to wait on and NO hunting for a Parking Space! This is not a "Condo", so they are much easier to This "Gated Resort" features 11 Pools (5 Heated), 4 Tennis Courts (2 Lighted), An 18 Hole Putt Putt Golf Course, several Shuffleboard Courts, a Conference Center, Fitness Center, Wi-Fi rooms, and a Clubhouse with a Pool directly on the Beach. .. there is NO EXTRA CHARGE to use any of these amenities. This Resort is great for Walking, Jogging, and Bike Riding. You even own the 2 Parking Spaces in front of your unit along with the Front & Back Yard. NO Elevators to wait on and NO hunting for a Parking Space! This is not a "Condo", so they are much easier to get a loan on. The HOA dues are only $420/Qtr equals ($140/month) the dues include trash, cable, some pest control, termite bond, lawn mowing, sprinklers, and of course ALL the amenities. Gulf Highlands Beach Resort is Great for Weekly Rentals, Snowbirds, or for that Affordable Getaway Home at the Beach!!! There is a 2 pet maximum per unit with a 25lb weight limit per pet. Age, SF, and Dimensions are approximate. .. please verify if important.

23. 2015-05-19
    soldstatus $130,100
24. 2015-05-18
    soldstatus $130,000
25. 2013-12-11
    listed $149,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,393 · $283/mo
• Projected year-2 tax: $3,393 · $283/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 49% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,239
• − Mortgage interest: −$17,919
• − Property taxes: −$3,393
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,419
• − Management: −$2,419
• − Depreciation: −$9,306
• Taxable loss: −$6,818
• Est. tax savings @ 24.0%: +$1,636
• After-tax cash flow: $401/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Panama City Beach

• Score: 78/100
• State rank: #172
• US rank: #2624

Category grades

Amenities D- Commute F Cost of living B- Crime A+ Employment A- Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Panama City Beach, FL
• County: Bay County · 163,593 people
• City population: 50,689
• Metro: Panama City, FL
• Population (ZIP): 16,404
• Household income: $80,831
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 939.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 9% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Italian 3% Portuguese 2%
• Foreign-born: 12% · Canada, Jamaica, South Korea
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -116.39%
• Current HPI: 277.8875
• Rent YoY: ▼ -0.25%
• Metro: Panama City, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+113.4% since first listed

7 events — show timeline

• 2026-01-26 Listed $319,900 CPARMLS
• 2016-01-14 Sold (Public Records) $160,000 Public Records
• 2016-01-04 Sold (MLS) $160,000 CPARMLS
• 2015-10-31 Listed $169,900 CPARMLS
• 2015-05-19 Sold (Public Records) $130,100 Public Records
• 2015-05-18 Sold (MLS) $130,000 CPARMLS
• 2013-12-11 Listed $149,900 CPARMLS

Property tax history

+9.8%/yr

Latest (2025): $3,393 · +6.4% YoY. Source: county tax records.