| ZIP Code | 32408 |
|---|---|
| City | Panama City |
| State | Florida (FL) |
| County | Bay County |
| Area Code | 448/850 |
| Latitude | 30.156773 |
|---|---|
| Longitude | -85.754657 |
| Timezone | New York (DST) |
| FIPS | 12005 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.2 yrs ↑ 18% since 2019 |
|---|---|
| Avg Household Size | 2.04 |
| Below Poverty | 8.8% ▼ 13% below avg |
| College Grads | 52.5% ▲ 36% above avg |
| Unemployment | 3.9% ▼ 21% below avg |
| No HS Diploma | 17 (0.1%) |
| HS Graduate | 2,869 (20.5%) |
| Some College | 1,491 (10.7%) |
| Associates | 2,265 (16.2%) |
| Bachelors | 1,901 (13.6%) |
| Graduate Degree | 5,449 (38.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $72,322 ≈ Avg ↑ 25% since 2019 |
|---|---|
| Median Home Value | $352,400 ▲ 26% above avg ↑ 48% since 2019 |
| Home/Income Ratio | 4.9x (nat avg ~3.5x) |
| Median Rent | $1,453/mo ↑ 29% since 2019 |
| Total Units | 17,018 |
| Vacant Units | 8,069 |
| Avg HH Size | 2.04 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 17,018 |
|---|---|
| Vacant | 8,069 |
| Owner Occupied | 68.2% |
| Renter Occupied | 31.8% |
| Avg HH Size | 2.04 |
ZIP code 32408 is located in Panama City, Florida, within Bay County. With a population of 18,326, this is a moderately populated ZIP code with a mature community — the median age is 48.2 years. Economically, 32408 is a solidly middle-class ZIP code: the median household income of $72,322 is near the national average.
Real estate in ZIP code 32408 represents a mid-range housing market. The median home value of $352,400 is above the national average. Renters can expect to pay around $1,453 per month in median rent. Homeownership is strong here — 68.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 48% since 2019.
The population of 32408 is primarily White (81.18%). Residents are well-educated — 52.5% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 8.8%. Household income has grown by 25% since 2019.
The unemployment rate in 32408 stands at 3.9%, which is below the national average. About 13% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 77%.
Overall, ZIP code 32408 in Panama City, FL is characterized as solidly middle-class, well-educated, a mature community, and predominantly owner-occupied. With 18,326 residents, a median household income of $72,322, and a median home value of $352,400, it offers a clear picture of life in this part of Florida.