ZIP 32407 — Panama City Beach, FL: rental yield & market data
Gross rental yield of 5.0% — ranked #613 of 687 Florida ZIP codes. June 2026 data.
Gross rental yield
5.0%
Home value
$396,749
Market rent / mo
$1,653
Price-to-rent
20.0
Trend
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -4.1% | +15.8% |
| Market rent | -0.3% | +4.8% |
Metro: Panama City, FL · County: Bay County · Annual rent: $19,836
Comparable ZIP codes in Florida
Similar home values, sorted by yield — the cheapest way to see if 32407 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 33183 | Miami | FL | $398,349 | $2,554 | 7.69% | 13.0 | -3.6% |
| 33441 | Deerfield Beach | FL | $396,611 | $2,451 | 7.42% | 13.5 | -2.2% |
| 33314 | Davie | FL | $398,304 | $2,377 | 7.16% | 14.0 | -3.8% |
| 33015 | Hialeah | FL | $397,335 | $2,326 | 7.02% | 14.2 | -2.9% |
| 34772 | Saint Cloud | FL | $397,124 | $2,260 | 6.83% | 14.6 | -3.4% |
| 34243 | Sarasota | FL | $397,036 | $2,051 | 6.20% | 16.1 | -5.6% |
| 34292 | Venice | FL | $397,277 | $1,950 | 5.89% | 17.0 | -7.2% |
| 32817 | Orlando | FL | $398,899 | $1,910 | 5.74% | 17.4 | -2.4% |
Top rental yields in all of Florida →
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