RentYield Atlas

ZIP 32404 — Panama City, FL: rental yield & market data

Gross rental yield of 7.53% — ranked #215 of 687 Florida ZIP codes. June 2026 data.

Gross rental yield
7.53%
Home value
$288,494
Market rent / mo
$1,809
Price-to-rent
13.3

Trend

Metric1-year change5-year change
Home value+0.6% +23.4%
Market rent+1.4% +22.6%

Metro: Panama City, FL · County: Bay County · Annual rent: $21,708

Comparable ZIP codes in Florida

Similar home values, sorted by yield — the cheapest way to see if 32404 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
33971Lehigh AcresFL$287,277$2,0168.42%11.9-7.1%
33935LabelleFL$289,064$2,0248.40%11.9-4.0%
33974Lehigh AcresFL$289,101$1,9328.02%12.5-7.1%
34741KissimmeeFL$287,861$1,7807.42%13.5-5.0%
33860MulberryFL$287,027$1,7557.34%13.6-2.1%
32726EustisFL$288,310$1,7247.17%13.9-1.8%
34491SummerfieldFL$287,930$1,7217.17%13.9-2.4%
32129Port OrangeFL$287,845$1,7117.13%14.0-4.0%

Top rental yields in all of Florida →

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