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1 / 10#10. Fountain, FL
- Typical home value: $165,527
- 1-year price change: +3.7%
- 5-year price change: +14.6%
Cities with the most expensive homes in the Panama City metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Panama City metro area using data from . Charts show the monthly typical home value since January 2018. All 10 cities and towns with data available were included in the list.
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2 / 10#9. Springfield, FL
- Typical home value: $217,654
- 1-year price change: -0.0%
- 5-year price change: +21.3%
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3 / 10#8. Parker, FL
- Typical home value: $239,134
- 1-year price change: +2.9%
- 5-year price change: +23.5%
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4 / 10#7. Callaway, FL
- Typical home value: $266,423
- 1-year price change: +0.6%
- 5-year price change: +20.1%
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5 / 10#6. Youngstown, FL
- Typical home value: $275,346
- 1-year price change: +1.7%
- 5-year price change: +19.2%
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6 / 10#5. Panama City, FL
- Typical home value: $284,369
- 1-year price change: +1.2%
- 5-year price change: +23.9%
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7 / 10#4. Lynn Haven, FL
- Typical home value: $327,447
- 1-year price change: -0.3%
- 5-year price change: +18.6%
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8 / 10#3. Panama City Beach, FL
- Typical home value: $414,475
- 1-year price change: -1.4%
- 5-year price change: +12.1%
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9 / 10#2. Port Saint Joe, FL
- Typical home value: $465,166
- 1-year price change: -2.4%
- 5-year price change: +21.1%
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10 / 10#1. Mexico Beach, FL
- Typical home value: $496,971
- 1-year price change: -2.2%
- 5-year price change: +32.7%
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