Zip Code: 32405 (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 32405 Zip Code (Panama City, Florida) in January 2026 was $287,963.219. The month over month percentage change (MoM) was 0.36%, and the year over year percentage change (YoY) was -2.39%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 32405 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 32405 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: 32405 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 32405 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 153119.57658793576 0.30 3.75
Feb 2015 153916.4103318268 0.52 3.07
Mar 2015 154675.76809356126 0.49 2.23
Apr 2015 155555.66329534983 0.57 1.86
May 2015 156216.81436967355 0.43 1.85
Jun 2015 156897.406226931 0.44 2.21
Jul 2015 157853.55598531797 0.61 2.72
Aug 2015 158887.947844171 0.66 3.40
Sep 2015 159712.5892061292 0.52 4.03
Oct 2015 160166.10853914206 0.28 4.74
Nov 2015 160419.11053955686 0.16 5.17
Dec 2015 161018.68173182625 0.37 5.48
Jan 2016 161728.92464320743 0.44 5.62
Feb 2016 162458.78274216512 0.45 5.55
Mar 2016 163223.6099376773 0.47 5.53
Apr 2016 164446.4326065617 0.75 5.72
May 2016 165715.67560904252 0.77 6.08
Jun 2016 166885.0829071873 0.71 6.37
Jul 2016 167686.3451730736 0.48 6.23
Aug 2016 168672.109494379 0.59 6.16
Sep 2016 169526.46155479553 0.51 6.15
Oct 2016 169907.69272148484 0.23 6.08
Nov 2016 169722.23126124762 -0.11 5.80
Dec 2016 168889.26940799982 -0.49 4.89
Jan 2017 167956.0410661197 -0.55 3.85
Feb 2017 167362.77506907695 -0.35 3.02
Mar 2017 167596.23137006725 0.14 2.68
Apr 2017 168924.61880351376 0.79 2.72
May 2017 171066.74764126234 1.27 3.23
Jun 2017 173399.27097309893 1.36 3.90
Jul 2017 175614.77055444138 1.28 4.73
Aug 2017 177387.58760090775 1.01 5.17
Sep 2017 178822.906568764 0.81 5.48
Oct 2017 179519.0033378656 0.39 5.66
Nov 2017 179778.18999050892 0.14 5.93
Dec 2017 179965.14328734437 0.10 6.56
Jan 2018 179737.15769338465 -0.13 7.01
Feb 2018 179567.48729707883 -0.09 7.29
Mar 2018 179981.49570899468 0.23 7.39
Apr 2018 181586.07462994405 0.89 7.50
May 2018 183524.14589829207 1.07 7.28
Jun 2018 185210.83601332814 0.92 6.81
Jul 2018 186882.73818423846 0.90 6.42
Aug 2018 188437.9216861486 0.83 6.23
Sep 2018 189961.11140723884 0.81 6.23
Oct 2018 191312.10376445437 0.71 6.57
Nov 2018 192726.32459247462 0.74 7.20
Dec 2018 193540.97722445894 0.42 7.54
Jan 2019 192312.74941255338 -0.63 7.00
Feb 2019 188886.14661618732 -1.78 5.19
Mar 2019 184415.1883727728 -2.37 2.46
Apr 2019 181181.17485099557 -1.75 -0.22
May 2019 179987.13142641177 -0.66 -1.93
Jun 2019 180580.89216249253 0.33 -2.50
Jul 2019 181519.641144774 0.52 -2.87
Aug 2019 182545.01888776323 0.56 -3.13
Sep 2019 183215.20524513838 0.37 -3.55
Oct 2019 184281.00024984087 0.58 -3.67
Nov 2019 185980.12795242353 0.92 -3.50
Dec 2019 188539.37194748272 1.38 -2.58
Jan 2020 192489.58970527808 2.10 0.09
Feb 2020 196965.633628778 2.33 4.28
Mar 2020 201286.40658819 2.19 9.15
Apr 2020 204396.23339055982 1.55 12.81
May 2020 206194.07906938755 0.88 14.56
Jun 2020 207692.27484989926 0.73 15.01
Jul 2020 209315.76605827617 0.78 15.31
Aug 2020 211640.15824151426 1.11 15.94
Sep 2020 214420.26190160748 1.31 17.03
Oct 2020 217531.55943965705 1.45 18.04
Nov 2020 220502.44987974362 1.37 18.56
Dec 2020 223064.294887264 1.16 18.31
Jan 2021 226128.99058116402 1.37 17.48
Feb 2021 229443.305413147 1.47 16.49
Mar 2021 232871.40044846 1.49 15.69
Apr 2021 235361.2109588303 1.07 15.15
May 2021 237622.1523809612 0.96 15.24
Jun 2021 239662.31514513458 0.86 15.39
Jul 2021 241104.08443754655 0.60 15.19
Aug 2021 241764.45664026545 0.27 14.23
Sep 2021 242255.00306732615 0.20 12.98
Oct 2021 243360.00058227117 0.46 11.87
Nov 2021 245528.47079455375 0.89 11.35
Dec 2021 247725.59150002067 0.90 11.06
Jan 2022 251451.0933990391 1.50 11.20
Feb 2022 256513.8026133212 2.01 11.80
Mar 2022 263004.23512330983 2.53 12.94
Apr 2022 268794.0298006647 2.20 14.21
May 2022 273293.49770621414 1.67 15.01
Jun 2022 277076.6080949176 1.38 15.61
Jul 2022 279908.4680913892 1.02 16.09
Aug 2022 281666.1376195931 0.63 16.50
Sep 2022 282476.76028761035 0.29 16.60
Oct 2022 283357.0042721315 0.31 16.43
Nov 2022 284466.19425808406 0.39 15.86
Dec 2022 285315.5647730033 0.30 15.17
Jan 2023 285777.7640930793 0.16 13.65
Feb 2023 286767.480084673 0.35 11.79
Mar 2023 288318.82110382227 0.54 9.63
Apr 2023 290049.1092514876 0.60 7.91
May 2023 291018.6266260371 0.33 6.49
Jun 2023 291611.49974604277 0.20 5.25
Jul 2023 292077.4307034731 0.16 4.35
Aug 2023 292671.5248049504 0.20 3.91
Sep 2023 292688.783426001 0.01 3.62
Oct 2023 292600.4722535566 -0.03 3.26
Nov 2023 292548.8082550857 -0.02 2.84
Dec 2023 293230.1707116866 0.23 2.77
Jan 2024 294681.1319820084 0.50 3.12
Feb 2024 296939.8703067388 0.77 3.55
Mar 2024 299134.09405493893 0.74 3.75
Apr 2024 300325.8012379177 0.40 3.54
May 2024 299960.70065734896 -0.12 3.07
Jun 2024 298297.6345424154 -0.55 2.29
Jul 2024 296540.83132042416 -0.59 1.53
Aug 2024 295232.681888338 -0.44 0.88
Sep 2024 294421.929984872 -0.28 0.59
Oct 2024 293750.480172765 -0.23 0.39
Nov 2024 293292.73769313697 -0.16 0.25
Dec 2024 293682.1723693483 0.13 0.15
Jan 2025 295006.8624081104 0.45 0.11
Feb 2025 296245.18915717566 0.42 -0.23
Mar 2025 296623.87852652045 0.13 -0.84
Apr 2025 295407.56174656027 -0.41 -1.64
May 2025 293762.97128542996 -0.56 -2.07
Jun 2025 292043.9806147231 -0.58 -2.10
Jul 2025 290658.4191793667 -0.47 -1.98
Aug 2025 289296.77392927447 -0.47 -2.01
Sep 2025 288109.86854536884 -0.41 -2.14
Oct 2025 287300.3633637325 -0.28 -2.20
Nov 2025 286963.01427287236 -0.12 -2.16
Dec 2025 286929.0223799749 -0.01 -2.30
Jan 2026 287963.2188469418 0.36 -2.39