Housing market/Florida/ZIP 32407
ZIP 32407 Panama City Beach, Florida
Panama City, FL HUD Metro FMR Area · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 32407 · FL — sent to you.
ZIP 32407 · FL
ACS rent vs 2BR SAFMR
ZIP 32407 — Panama City Beach, FL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 32407
- 1-unit detached3,40328.0%
- 1-unit attached8847.3%
- 2–4 units4233.5%
- 5–49 units2,64621.8%
- 50+ units4,51237.1%
- Mobile2952.4%
2–4 unit share 3.5% · 5–49 unit share 21.8% · combined 2–49 25.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,792 (all bedrooms, occupied rentals).
- Median contract rent $1,576.
- Renters paying ≥30% of income 59.1%; ≥50% 27.6%.
- FY2027 2BR SAFMR $2,100 (1.172× ACS median gross rent).
Population
15,459 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +48.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 4 projects, 398 units.
- HUD project-based assisted MF: 1 properties, 103 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 344 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 32407 39.0% of occupied households are renters; vacancy is 45.6%; ACS median gross rent is $1,792; population increased +48.2% between the 2018 and 2023 ACS vintages; the housing stock includes 423 units in 2–4-unit structures and 2,646 units in 5–49-unit structures; 4 LIHTC projects totaling 398 units; FY2027 2BR SAFMR is $2,100 versus ACS median gross rent of $1,792. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Florida research
ZIP 32407 is a Census / HUD profile for Panama City, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 32407 — Panama City Beach, FL HUD Section 8 Payment Standards / SAFMR·Florida ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 32407?
ZIP 32407 (Panama City, FL HUD Metro FMR Area) has 15,459 residents, 6,613 households, a renter share of 39.0%, median household income of $79,052, and ACS 2023 median gross rent of $1,792. Vacancy is 45.6%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 32407?
ACS counts 138 units in 2-unit buildings, 285 in 3–4 unit buildings, 762 in 5–9, 878 in 10–19, and 1,006 in 20–49. Combined 2–49 unit stock is 3,069 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 32407?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,100. See the full schedule and 90–110% payment-standard band on the ZIP 32407 — Panama City Beach, FL HUD Section 8 Payment Standards / SAFMR.
Does this Florida ZIP profile include Georgia listings?
No. ZIP 32407 is Census / HUD research for Panama City, FL HUD Metro FMR Area. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.