U.S. ZIP Code · FL32404
Bay County · Panama City-Panama City Beach, FL
Appreciation
- 1-year
- +0.4%
- 5-year / yr
- +4.8%
- 10-year / yr
- +5.8%
Relative price
- vs U.S.
- ≈ U.S. median
- vs metro
- ≈ metro median
- vs state
- -17.8%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 32404 is worth $285,214. Over the past year, values have risen 0.4%. Homes here rent for a typical $1,756 a month — a 7.4% gross rental yield. The effective property tax rate is 0.6%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Bay County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Moderate[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Relatively Moderate
- Wildfire
- Relatively Low
- Drought
- Very Low
- Heat wave
- Relatively Moderate
- Hurricane
- Very High
- Tornado
- Relatively High
- Earthquake
- Very Low
- Winter weather
- Relatively Low
#Who lives here
#Migration
Household moves in and out of Bay County over a year, from IRS tax-return data.
- Net migration
- +2,172[5]
- Moved in
- 7,826
- Moved out
- 5,654
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 8
- Elementary
- 5
- Middle
- 2
- High
- 1
NORTH BAY HAVEN CAREER ACADEMY
High · Grades 9–12 · BAY
882 students
TOMMY SMITH ELEMENTARY SCHOOL
Elementary · Grades PK–5 · BAY
731 students
DEER POINT ELEMENTARY SCHOOL
Elementary · Grades PK–5 · BAY
707 students
NORTH BAY HAVEN CHARTER ACADEMY ELEMENTARY SCHOOL
Elementary · Grades K–5 · BAY
694 students
MERRITT BROWN MIDDLE SCHOOL
Middle · Grades 6–8 · BAY
680 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Owning and renting are roughly even.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 32404?
- The typical home in 32404 is worth $285,214, based on the Zillow Home Value Index.
- Are home values rising in 32404?
- Home values in 32404 are up 0.4% over the past year, and up 4.8% a year over five years.
- What is the typical rent in 32404?
- A typical home in 32404 rents for about $1,756 a month, a gross rental yield of 7.4%.
- What is the property tax rate in 32404?
- The effective property tax rate in 32404 is 0.6% — roughly $1,691 a year on a typical home.
- Who lives in 32404?
- ZIP code 32404 has a population of 42,514 and a median household income of $74,708.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Panama City, FL
- Typical home
- $292,529
- Gross yield
- 6.6%
FL
- Typical home
- $269,766
- Gross yield
- —
Lynn Haven, FL
- Typical home
- $325,943
- Gross yield
- 6.7%
Chipley, FL
- Typical home
- $227,329
- Gross yield
- —
Panama City, FL
- Typical home
- $214,139
- Gross yield
- 9.2%
Upper Grand Lagoon CDP, FL
- Typical home
- $368,989
- Gross yield
- 5.8%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 32404 against any other ZIP — full side-by-side table.
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