ZIP Code 32405
standardSource:
Panama City · Bay County · Florida
- Population
- 29,980
- Median income
- $73,373
- Median home value
- $279,900
- Bachelor's or higher
- 30.8%
- Land area
- 49.2 sq mi
609/sq mi
▼ 4% vs US
higher than 52% of US ZIPs
▲ 1% vs US
higher than 63% of US ZIPs
Median age 36.2
Chicago
ZIP code 32405 in Panama City, Florida has a population of 29,980. The median household income is $73,373, which is 4% below the national average. Median home value is $279,900, 1% above the US average. 30.8% of residents hold a bachelor's degree or higher.
ZIP code 32405 is classified by USPS as a standard delivery area and covers roughly 49.2 square miles in Panama City, Bay County, Florida. The area is home to 29,980 residents, producing a population density of 609 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 32405 against Florida and the nation.
On the economic side, the median household income for ZIP 32405 sits at $73,373 (5% below the Florida average), while per-capita income is $39,376. The poverty rate stands at 16.7% and the unemployment rate at 2.5%. On housing, the median home value is $279,900 (25% below the state average) with median rent at $1,467 per month, and 59.5% of occupied units are owner-occupied, a direct signal of whether 32405 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 30.8% of adults hold a bachelor's degree or higher, the median age is 36.2, and the average commute is 22 minutes. We also surface 6 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Bay County, so you can benchmark 32405 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 32405
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 32405.
- Health care and social assistance
Health care and social assistance
279 establishments
- Retail trade
Retail trade
193 establishments
- Construction
Construction
140 establishments
- Other services (except public administration) 85
Other services (except public administration)
85 establishments
- Accommodation and food services 83
Accommodation and food services
83 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 32405, Panama City, FL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
29,980
Population
49.2
Area (sq mi)
609
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 32405?
36.2
Median Age
47.5%
Male
52.5%
Female
8.1%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$73,373
Median Household Income
-5% vs state
$39,376
Per Capita Income
16.7%
Poverty Rate
2.5%
Unemployment Rate
22.1 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
13,711
Total Housing Units
12,433
Occupied Units
1,278
Vacant Units
2.36
Avg Household Size
Occupancy Type
$279,900
Median Home Value
-25% vs state
$1,467
Median Rent
1987
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+0.5%
YoY Change (2024)
270
HPI Index (2000 = 100)
+170%
Total Change Since 2000
Home values in ZIP 32405 have increased 0.5% over the past year (2024). Since 2000, this ZIP has seen +170% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.0% | 194 |
| 2021 | +8.2% | 210 |
| 2022 | +20.0% | 252 |
| 2023 | +6.5% | 268 |
| 2024 | +0.5% | 270 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 1,209 business establishments in ZIP 32405, employing approximately 17,402 people with a combined annual payroll of $937,943,000.
1,209
Businesses
17,402
Employees
$937.9M
Annual Payroll
18
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 279 | 23.1% |
| Retail trade | 193 | 16.0% |
| Construction | 140 | 11.6% |
| Other services (except public administration) | 85 | 7.0% |
| Accommodation and food services | 83 | 6.9% |
| Finance and insurance | 77 | 6.4% |
| Professional, scientific, and technical services | 75 | 6.2% |
| Real estate and rental and leasing | 68 | 5.6% |
| Administrative and support and waste management and remediation services | 54 | 4.5% |
| Wholesale trade | 53 | 4.4% |
| Manufacturing | 32 | 2.6% |
| Transportation and warehousing | 22 | 1.8% |
| Information | 17 | 1.4% |
| Educational services | 10 | 0.8% |
| Arts, entertainment, and recreation | 10 | 0.8% |
| Agriculture, forestry, fishing and hunting | 3 | 0.3% |
| Utilities | 3 | 0.3% |
| Management of companies and enterprises | 3 | 0.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 32405 vs 32401 →
More ZIP Codes in Bay County
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Frequently Asked Questions
What county is ZIP code 32405 in? ▼
What is the population of ZIP code 32405? ▼
What is the median household income in ZIP 32405? ▼
What is the average home value in ZIP 32405? ▼
What is the demographic makeup of ZIP 32405? ▼
How many businesses are in ZIP code 32405? ▼
What are the main industries in ZIP code 32405? ▼
How have home values changed in ZIP code 32405? ▼
What is the education level in ZIP code 32405? ▼
What is the average commute time in ZIP 32405? ▼
What percentage of residents own vs. rent in ZIP 32405? ▼
What is the poverty rate in ZIP code 32405? ▼
ZIP Code Research Guides
Official Data Resources for Panama City, FL
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.