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ZIP Code · FL

ZIP 32401

Pop. 18,947·Bay County·602nd most expensive ZIP in Florida
Median rent (all units)
$1,575/mo
Year-over-Year
+2.4%
Month-over-Month
-4.4%
vs US Median
-$390
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 32401 · $1,575
More affordable than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,240
2 BR
$1,450
3 BR
$1,930
4 BR+
$2,440
Research median
$1,450/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,900/yr
At $1,575/mo median
Location
StateFL
CountyBay County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+2.4% YoY, -4.4% MoM), not inventory.
Demographics

Who lives here

ZIP 32401 (Panama City, FL) is majority owner-occupied, has a median income below the national average, 21.1% of residents hold a bachelor's degree or higher.

Population
18,947
Median income
$52,523
Median age
43.5
Renters
39.7%
Age distribution
19.6%
19.6%
24.8%
16.3%
19.7%
Under 1819.6%
18–3419.6%
35–5424.8%
55–6416.3%
65+19.7%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
63.3%
22.9%
White63.3%
Black22.9%
Hispanic10%
Asian2.1%
Other1.7%
Education (25+)
12.1%
33.7%
33.1%
21.1%
No HS diploma12.1%
HS diploma33.7%
Some college33.1%
Bachelor's+21.1%
Housing tenure
60.3%
39.7%
Owner60.3%
Renter39.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32401 in Panama City, FL has changed in 5 years

Income
$41,484 → $52,523
up 26.6%
Population
19,208 → 18,947
down 1.4%
Renter share
46.5% → 39.7%
-6.8 pts
Bachelor's+
19.4% → 21.1%
+1.7 pts
Median age
44.1 → 43.5
-0.6 yrs

Median household income climbed from $41,484 to $52,523 between 2021 and 2024, a 26.6% shift. Census counts show ZIP 32401 in Panama City, FL losing about 261 residents over the five-year window, down 1.4% on net. The renter share has eased from 46.5% to 39.7%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 32401

Last updated: July 20, 2026

ZIP code 32401 covers Panama City, FL. The median rent here is $1,575/mo as of July 2026. A 1-bedroom rents for a median of $1,240/mo. A 2-bedroom rents for a median of $1,450/mo.

At 36% of local median household income ($52,523/yr), ZIP 32401 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32401?

As of July 20, 2026, the median monthly rent in ZIP 32401 (Panama City, FL) is $1,575. This is based on aggregated data from public sources and community submissions.

How does ZIP 32401 rent compare to the US average?

ZIP 32401's median rent of $1,575/mo is $390 (20%) below the US national median of $1,965/mo.

How does ZIP 32401 compare to other ZIPs in Florida?

ZIP 32401 is among the more affordable ZIP codes in Florida, ranking #602 out of 662 ZIPs at $1,575/mo.

How much income do you need to rent in ZIP 32401?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,575/mo in ZIP 32401. The local median household income is $52,523/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32401?

Rent in ZIP 32401 has increased 2.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 32401 an affordable place to rent?

ZIP 32401 is considered moderate for renters. At $1,575/mo, rent takes approximately 36% of the local median household income ($52,523/yr). The standard benchmark is 30%. ZIP 32401 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 32401 residents rent vs. own?

According to Census data, approximately 39.7% of ZIP 32401 households are renters, while 60.3% are owner-occupied. ZIP 32401 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32401 compare to the rest of Panama City?

ZIP 32401 is more affordable than Panama City overall. At $1,575/mo, it's $169 below the Panama City citywide median of $1,744/mo.

When was rent data for ZIP 32401 last updated?

Rent data for ZIP 32401 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $1,575/mo, rent takes ~36% of ZIP 32401's median household income ($52,523/yr). The standard benchmark is 30%.

ZIP 32401 36%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32401 (Panama City, FL)

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