32404, Panama City, FL

The 32404 zip code of Panama City, FL is a suburban area located in Bay County. The population of the 32404 zip code was 21,898 as of the 2010 census. The median household income in the 32404 zip code was $59,000 as of 2010. Home prices in the 32404 zip code have increased significantly over the past few years and are now among the highest in Bay County.

The primary drivers of home equity and home prices in the 32404 zip code are strong economic conditions and limited supply. The economy has been strong for many years, and this has led to increased demand for housing. Additionally, there is very little new housing construction available for purchase or rent in the 32404 zip code, which has led to high home prices.

Overall, homeownership rates in Bay County are among the highest in Florida. This is likely due to strong economic conditions and limited availability of affordable housing options. As a result, homeownership rates have helped to drive up home values in Bay County over time.