HomeFloridaBay CountyPanama City
Panama City, Florida: commercial real estate data.
Panama City is a Census city of 34,979 people across 35.47 square miles of land, in Bay County. Median household income is $62,265, 56.3 percent of occupied homes are owned, and the SBA record carries 99 7(a) approvals to borrowers here worth $53.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Panama City
What Panama City is
- Census place typecity
- Land area35.47 sq mi
- Water area6.14 sq mi
- Population per square mile of land986
- County holding the largest share of its areaBay County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama City
How many people live in Panama City
- Population34,979
- Median age39.5
- Population under 187,601
- Share under 1821.7 percent
- Population 65 and over6,220
- Share 65 and over17.8 percent
- Households15,169
- Family households8,681
- Share of households that are families57.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama City
Income and work in Panama City
- Median household income$62,265
- Per capita income$38,881
- Civilian labor force17,509
- Employed16,728
- Unemployed781 plus or minus 262
- Unemployment rate4.5 percent plus or minus 1.5
- Adults 25 and over24,730
- Adults 25 and over with a high school diploma or higher90.4 percent
- Adults 25 and over with a bachelor degree or higher26.4 percent
- Adults 25 and over with a graduate degree10.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama City
Housing in Panama City
- Housing units17,104
- Occupied units15,169
- Vacant units1,935
- Vacancy rate11.3 percent
- Owner occupied8,535
- Renter occupied6,634
- Ownership rate56.3 percent
- Median owner-occupied home value$268,900
- Median gross rent, monthly$1,327
- Annual rent as a share of median income25.6 percent
- Single family units11,721
- Share single family68.5 percent
- Units in buildings of two or more5,046
- Share in buildings of two or more29.5 percent
- Mobile homes329 plus or minus 124
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama City
How Panama City gets to work
- Workers 16 and over who commute14,920
- Commuting under 15 minutes5,796
- Share commuting under 15 minutes38.8 percent
- Commuting 30 minutes or more3,684
- Share commuting 30 minutes or more24.7 percent
- Drove alone72.6 percent
- Carpooled13.6 percent plus or minus 3.5
- Public transport0.2 percent plus or minus 0.2
- Walked1.2 percent plus or minus 0.6
- Worked from home10.9 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama City
SBA loans in Panama City (7(a))
- Approvals99
- Gross approval$53,246,700
- Average approval$537,845
- Median approval$250,000
- Ninetieth percentile approval$901,840
- Largest approval$5,000,000
- Jobs supported1,389
- Jobs per approval14.0
- Loans with a final outcome13
- Paid in full12
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more17.2 percent
- Share to franchises18.2 percent
- Distinct lenders39
- Distinct industries by NAICS63
Counted by borrower city: approvals to borrowers whose address is in Panama City, in any county, FY2020 to FY2026. Only 13 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Panama City
SBA loans in Panama City (504)
- Approvals54
- Gross approval$40,105,000
- Average approval$742,685
- Median approval$436,500
- Largest approval$5,451,000
- Jobs supported403
- Loans with a final outcome12
- Charged off1
- Median term300 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Panama City, in any county, FY2010 to FY2026. Only 12 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Panama City
Flood risk in Panama City
- NFIP communityCity of Panama City
- NFIP community number120012
- Participating in the NFIPYes
- Community Rating System classClass 5
- Currently effective map date10/24/24
The City of Panama City participates in the National Flood Insurance Program as community 120012 and carries Community Rating System class 5, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Bay County, not Panama City
Bay County context, not Panama City figures
- Establishments in Bay County5,306
- Covered employment, Bay County82,632
- Average annual pay, Bay County$53,407
- Housing units permitted, Bay County2,473
Every figure in this section is published for Bay County as a whole and is not a measurement of Panama City.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Panama City questions, answered from the record.
How many people live in Panama City, Florida?
34,979, in 15,169 households. Panama City city covers 35.47 square miles of land, which is 986 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Panama City in?
Bay County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Panama City?
$62,265. The median owner-occupied home is valued at $268,900. Median gross rent is $1,327 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Panama City businesses?
99 7(a) approvals totaling $53.2 m since FY2020, across 39 lenders, median approval $250,000, plus 54 504 approvals worth $40.1 m since FY2010. These count approvals to borrowers whose address is in Panama City, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Panama City borrowers get paid back?
No rate is published for Panama City. Only 13 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Panama City in the National Flood Insurance Program?
Yes. Panama City appears in the FEMA Community Status Book as Panama City, city of, community 120012, carrying Community Rating System class 5, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Panama City figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Bay County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Panama City.
Is zoning published for Panama City?
No. Nothing on this page presents parcel level zoning.