Housing market/Florida/ZIP 32408
ZIP 32408 Panama City, 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 32408 · FL — sent to you.
ZIP 32408 · FL
ACS rent vs 2BR SAFMR
ZIP 32408 — Panama City, 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 32408
- 1-unit detached6,15036.2%
- 1-unit attached9495.6%
- 2–4 units1,1166.6%
- 5–49 units1,93311.4%
- 50+ units5,53832.6%
- Mobile1,2997.6%
2–4 unit share 6.6% · 5–49 unit share 11.4% · combined 2–49 17.9%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,453 (all bedrooms, occupied rentals).
- Median contract rent $1,225.
- Renters paying ≥30% of income 53.5%; ≥50% 22.8%.
- FY2027 2BR SAFMR $1,650 (1.136× ACS median gross rent).
Population
18,326 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +1.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: 1 properties, 39 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 32408 31.8% of occupied households are renters; vacancy is 47.4%; ACS median gross rent is $1,453; population increased +1.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,116 units in 2–4-unit structures and 1,933 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,650 versus ACS median gross rent of $1,453. 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 32408 is a Census / HUD profile for Panama City, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 32408 — Panama City, 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 32408?
ZIP 32408 (Panama City, FL HUD Metro FMR Area) has 18,326 residents, 8,949 households, a renter share of 31.8%, median household income of $72,322, and ACS 2023 median gross rent of $1,453. Vacancy is 47.4%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 32408?
ACS counts 511 units in 2-unit buildings, 605 in 3–4 unit buildings, 843 in 5–9, 617 in 10–19, and 473 in 20–49. Combined 2–49 unit stock is 3,049 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 32408?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,650. See the full schedule and 90–110% payment-standard band on the ZIP 32408 — Panama City, FL HUD Section 8 Payment Standards / SAFMR.
Does this Florida ZIP profile include Georgia listings?
No. ZIP 32408 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.