Interested in purchasing investment houses in the 32405 zip code in Panama City, FL?
The zip code 32405 is in Bay county with a latitude of -85.667900000000 and longitude of 30.200400000000, is in the state of Florida. The average asking price of houses and condos is $201,502.00 and the average sale price was $132,568.00. this regions is classified as the Panama City metro area and is in the 850 area code. The location in degrees is 30° 12' 1.44" N, 85° 40' 4.44" W. The county F.I.P.S. is 12005. This zip code contains five cities including Panama City, FL (39.98%), Cedar Grove, FL (8.88%), Lynn Haven, FL (8.52%), Pretty Bayou, FL (7.86%), and Springfield, FL (3.81%) The total land area is 19.0 square miles and the water area is 4.5 square miles. The elevation in this area is 7 - 30 feet. The zip code is on central standard time and observes daylight savings time.
The zip 32405 is in county number 005 and is L. Sector 03, L. Segment 61, H. Sector 79, and H. Segment 79. The population was 32,590 in 2019 and 29,980 in 2010. Of this, the break down in 2019 was 32,570 urban and 19 rural. This further breaks down to 15,652 males (48.0%) and 16,937 females (52.0%). The median age of residents is 39.3 years. The population of the greater Panama City-Lynn Haven, FL area is 170,196. The population density (people per square mile) is 1,716. This zip code has a combined total of 14,888 houses and condos. There are 5,392 rented appartments. 41% of residents rent versus the 41% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $47,595 and the average salary is $38,926. The median household income of individuals is $47,369.00 and the average is $59,780.00. This zip code has a mean commute time to work of 22.4 minutes. The unemployment rate is 4.9%. Income earners by percent breakdown as 52.80% (Under $50,000), 32.60% ($50,000-$100,000), and 14.60% earn over $100,000. 15.5% of residents live below poverty line versus the 12.7% in the state that are below this line. The cost of living index is 87.1. The educational breakdown is 92.7% have a high school education or higher, 26.7% have a bachelor's degree or higher, and 10.5% have some kind of profesional degree.
This area has 12,297 households and the average size is 2.5 people. Individuals who are single and have never been married are 28.0%, 46.3% are now married, 2.3% are separated, 7.3% are widowed, and 16.0% are divorced. The average yearly contribution amount given by people to charity was $6,106 versus the state average of $5,698. The percent of residents who gave to charity was 15.3%.
The estimated median value of houses and condos is $195,828. The median monthly owner costs of mortgage holders was $1,407, where as the costs for those who don't have a mortgage are $414. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $1,304. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,035. The median housing property tax percent for residents with mortgages was 0.7% which amounted to an average tax amount of $1,410. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $1,053. Reported taxable interest for persons was $1,605, dividends $4,937, capital gains +$8,400, and itemized deductions $20,910. The average earned income tax credit is $2,340. The percent of individuals that use a tax preparer is 41.2%. The total average income taxes paid by individuals was $3,752. Businesses reported an average profit of $15,209.
Chow Time Grill and Buffet
2343 Martin Luther King Jr Blvd, Panama City, FL 32405
Peppers Mexican Grill & Cantina
2061 Martin Luther King Jr Blvd, Panama City, FL 32405
Golden Corral Restaurants
105 E 23rd St, Panama City, FL 32405
Hunt's Oyster Bar & Seafood Restaurant
1150 Beck Ave, Panama City, FL 32401 (2.7 miles away)
Pier 77 Seafood Restaurant
3016 Thomas Dr, Panama City, FL 32408 (3.1 miles away)
Corams Steak & Eggs
804 Tennessee Ave, Lynn Haven, FL 32444 (3.3 miles away)
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