Cities with the fastest growing home prices in Panama City metro area

Written by:
September 29, 2022
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Cities with the fastest growing home prices in Panama City metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Panama City, FL metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 11 cities and towns with data available were included in the list.

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1 / 11
Stacker

#11. Ebro, Florida

- 1-year price change: +$22,517 (+17.6%)
- 5-year price change: +$58,253 (+63.3%)
- Typical home value: $150,278 (#11 most expensive city in metro)
2 / 11
Stacker

#10. Springfield, Florida

- 1-year price change: +$35,104 (+19.6%)
- 5-year price change: +$75,598 (+54.6%)
- Typical home value: $214,004 (#9 most expensive city in metro)
3 / 11
Stacker

#9. Fountain, Florida

- 1-year price change: +$40,683 (+30.7%)
- 5-year price change: +$75,719 (+77.7%)
- Typical home value: $173,213 (#10 most expensive city in metro)
4 / 11
Stacker

#8. Parker, Florida

- 1-year price change: +$42,027 (+21.3%)
- 5-year price change: +$99,066 (+70.7%)
- Typical home value: $239,152 (#8 most expensive city in metro)
5 / 11
Stacker

#7. Callaway, Florida

- 1-year price change: +$47,831 (+22.0%)
- 5-year price change: +$109,416 (+70.2%)
- Typical home value: $265,342 (#7 most expensive city in metro)

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6 / 11
Stacker

#6. Youngstown, Florida

- 1-year price change: +$51,293 (+23.7%)
- 5-year price change: +$100,962 (+60.6%)
- Typical home value: $267,499 (#6 most expensive city in metro)
7 / 11
Stacker

#5. Panama City, Florida

- 1-year price change: +$52,247 (+23.7%)
- 5-year price change: +$114,865 (+73.0%)
- Typical home value: $272,264 (#5 most expensive city in metro)
8 / 11
Stacker

#4. Lynn Haven, Florida

- 1-year price change: +$57,195 (+20.8%)
- 5-year price change: +$119,880 (+56.5%)
- Typical home value: $332,208 (#4 most expensive city in metro)
9 / 11
Stacker

#3. Port Saint Joe, Florida

- 1-year price change: +$80,732 (+22.9%)
- 5-year price change: +$169,265 (+64.1%)
- Typical home value: $433,498 (#3 most expensive city in metro)
10 / 11
Stacker

#2. Panama City Beach, Florida

- 1-year price change: +$125,740 (+32.3%)
- 5-year price change: +$244,938 (+90.8%)
- Typical home value: $514,670 (#2 most expensive city in metro)

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11 / 11
Stacker

#1. Mexico Beach, Florida

- 1-year price change: +$156,332 (+42.0%)
- 5-year price change: +$230,248 (+77.2%)
- Typical home value: $528,498 (#1 most expensive city in metro)

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