Zip Code: 32404 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)
Updated on February 21, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 32404 Zip Code (Panama City, Florida) in January 2026 was $279,471.122. The month over month percentage change (MoM) was 0.23%, and the year over year percentage change (YoY) was -0.76%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 32404 zip code (Panama City, Florida). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 32404 zip code (Panama City, Florida).

You can see similar information for other Florida zip codes, and for Florida.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 32404 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 32404 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 151050.51719755036 0.46 5.53
Feb 2015 152006.32790792253 0.63 5.23
Mar 2015 153025.2411295506 0.67 4.77
Apr 2015 154262.300948478 0.81 4.66
May 2015 155422.0268420122 0.75 4.66
Jun 2015 156423.56879615973 0.64 4.76
Jul 2015 157451.6908206177 0.66 4.87
Aug 2015 158579.76807497116 0.72 5.13
Sep 2015 159701.46561963263 0.71 5.53
Oct 2015 160189.48161489962 0.31 6.17
Nov 2015 160305.47396811206 0.07 6.55
Dec 2015 160464.52921189248 0.10 6.72
Jan 2016 160496.97870920788 0.02 6.25
Feb 2016 160455.52421049404 -0.03 5.56
Mar 2016 160426.78235642138 -0.02 4.84
Apr 2016 161245.95710536253 0.51 4.53
May 2016 162302.22902002718 0.66 4.43
Jun 2016 163333.01865622218 0.64 4.42
Jul 2016 163985.60213159202 0.40 4.15
Aug 2016 164856.3016656038 0.53 3.96
Sep 2016 165906.80662742545 0.64 3.89
Oct 2016 166516.73333339576 0.37 3.95
Nov 2016 166303.88643462153 -0.13 3.74
Dec 2016 165327.23057718916 -0.59 3.03
Jan 2017 164421.03177348457 -0.55 2.44
Feb 2017 163873.3316739242 -0.33 2.13
Mar 2017 163959.9427725634 0.05 2.20
Apr 2017 165022.71696220906 0.65 2.34
May 2017 166905.92566058086 1.14 2.84
Jun 2017 169090.26061240732 1.31 3.53
Jul 2017 171012.35690091146 1.14 4.29
Aug 2017 172625.91140212087 0.94 4.71
Sep 2017 174024.56568675025 0.81 4.89
Oct 2017 174688.3677818058 0.38 4.91
Nov 2017 174836.54392758803 0.09 5.13
Dec 2017 174926.1204857497 0.05 5.81
Jan 2018 174978.0790442798 0.03 6.42
Feb 2018 175069.11069409872 0.05 6.83
Mar 2018 175488.1608406216 0.24 7.03
Apr 2018 176683.5160794926 0.68 7.07
May 2018 178181.07996514835 0.85 6.76
Jun 2018 179734.95583055879 0.87 6.30
Jul 2018 181385.12630979402 0.92 6.07
Aug 2018 182959.60109805813 0.87 5.99
Sep 2018 184379.92859001618 0.78 5.95
Oct 2018 185570.7637595825 0.65 6.23
Nov 2018 186800.129061011 0.66 6.84
Dec 2018 187303.90394965434 0.27 7.08
Jan 2019 186025.83049901915 -0.68 6.31
Feb 2019 182357.35790669356 -1.97 4.16
Mar 2019 177091.07522703373 -2.89 0.91
Apr 2019 172505.8896292184 -2.59 -2.36
May 2019 169997.77737126115 -1.45 -4.59
Jun 2019 169924.47473439263 -0.04 -5.46
Jul 2019 170773.19442466545 0.50 -5.85
Aug 2019 172019.75225954992 0.73 -5.98
Sep 2019 172866.11492226514 0.49 -6.24
Oct 2019 174109.32803125013 0.72 -6.18
Nov 2019 175888.90890093325 1.02 -5.84
Dec 2019 178664.71500778207 1.58 -4.61
Jan 2020 182538.0317502223 2.17 -1.87
Feb 2020 186912.7957878251 2.40 2.50
Mar 2020 191357.62675142498 2.38 8.06
Apr 2020 195010.86892216417 1.91 13.05
May 2020 197307.5643212234 1.18 16.07
Jun 2020 198840.87801248333 0.78 17.02
Jul 2020 200251.95426850262 0.71 17.26
Aug 2020 202567.57286982177 1.16 17.76
Sep 2020 205372.47712903412 1.39 18.80
Oct 2020 208325.436447441 1.44 19.65
Nov 2020 210881.27048802387 1.23 19.90
Dec 2020 212989.11640734016 1.00 19.21
Jan 2021 215637.57192341468 1.24 18.13
Feb 2021 218840.0600395533 1.49 17.08
Mar 2021 222426.31974392573 1.64 16.24
Apr 2021 225227.41882378014 1.26 15.50
May 2021 227683.98936322483 1.09 15.40
Jun 2021 230069.50615836776 1.05 15.71
Jul 2021 231956.53392476836 0.82 15.83
Aug 2021 233346.5667568087 0.60 15.19
Sep 2021 234284.795073414 0.40 14.08
Oct 2021 235678.3818887842 0.60 13.13
Nov 2021 237858.82927137613 0.93 12.79
Dec 2021 240165.71713472775 0.97 12.76
Jan 2022 243977.40367105763 1.59 13.14
Feb 2022 248860.82585285438 2.00 13.72
Mar 2022 255028.75886455283 2.48 14.66
Apr 2022 260285.47937127048 2.06 15.57
May 2022 264171.4188764747 1.49 16.02
Jun 2022 267379.2404905926 1.21 16.22
Jul 2022 270000.4936882459 0.98 16.40
Aug 2022 271753.35885252355 0.65 16.46
Sep 2022 272601.8986487507 0.31 16.36
Oct 2022 273237.03980898386 0.23 15.94
Nov 2022 273907.7065828387 0.25 15.16
Dec 2022 274072.45787826605 0.06 14.12
Jan 2023 273708.376633811 -0.13 12.19
Feb 2023 274031.4666614747 0.12 10.11
Mar 2023 275341.7791539194 0.48 7.97
Apr 2023 277366.3167084741 0.74 6.56
May 2023 278914.3607191053 0.56 5.58
Jun 2023 280156.6421433186 0.45 4.78
Jul 2023 280936.30913498224 0.28 4.05
Aug 2023 281544.7701551308 0.22 3.60
Sep 2023 281351.0640149748 -0.07 3.21
Oct 2023 281143.6129083932 -0.07 2.89
Nov 2023 280916.34751152544 -0.08 2.56
Dec 2023 281179.658727874 0.09 2.59
Jan 2024 282268.6761103863 0.39 3.13
Feb 2024 283994.5859575595 0.61 3.64
Mar 2024 285741.27580808365 0.62 3.78
Apr 2024 286292.5577528277 0.19 3.22
May 2024 285829.7722674588 -0.16 2.48
Jun 2024 284465.7495900746 -0.48 1.54
Jul 2024 283120.3713269184 -0.47 0.78
Aug 2024 282030.5693968381 -0.38 0.17
Sep 2024 281353.3181551508 -0.24 0.00
Oct 2024 280687.3190240694 -0.24 -0.16
Nov 2024 280271.3020730853 -0.15 -0.23
Dec 2024 280502.8658939316 0.08 -0.24
Jan 2025 281620.5179806917 0.40 -0.23
Feb 2025 282602.4347432451 0.35 -0.49
Mar 2025 283351.0940951149 0.27 -0.84
Apr 2025 283287.5103022286 -0.02 -1.05
May 2025 283117.3247540994 -0.06 -0.95
Jun 2025 282289.47483913624 -0.29 -0.76
Jul 2025 281191.7263114747 -0.39 -0.68
Aug 2025 279932.1011127534 -0.45 -0.74
Sep 2025 279274.9311289158 -0.23 -0.74
Oct 2025 279092.5595269071 -0.06 -0.57
Nov 2025 279049.9899064861 -0.01 -0.44
Dec 2025 278840.00934014673 -0.07 -0.59
Jan 2026 279471.1219712946 0.23 -0.76