PlainZIP

Panama City, FL · standard

ZIP Code 32405

Bay County, Florida - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

29,980
609/sq mi
$73,373
Median income
$279,900
Median home value
30.8%
Bachelor's or higher

The verdict

Panama City pairs an above-median household income with above-median home values, in a low-density, mixed-tenure area.

Top 48%
household income, US ZIPs
Top 37%
home value, US ZIPs
609
people per sq mi
60%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 32405 against every reporting US ZIP.

ZIP code 32405 is a densely settled ZIP (a standard USPS delivery area) in Panama City, Bay County, Florida, with 29,980 residents across 49.2 square miles, a density of 609 people per square mile, in the Chicago time zone.

ZIP 32405 lands in the middle-income range, with a median household income of $73,373 (5% below the Florida average), while per-capita income is $39,376. Poverty here runs at 16.7%, with unemployment measured at 2.5%. The typical home here is valued at $279,900 (25% below the state average); renters pay a median of $1,467 monthly, and 59.5% of units are owner-occupied.

A solid share of residents have a four-year degree: 30.8% of adults hold a bachelor's degree or higher, the median age is 36.2, and the average commute is 22 minutes. Beyond these figures, 6 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Bay County, letting you compare 32405 to its immediate surroundings rather than a national baseline alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 32405

Top 5 sectors by establishment count in Panama City, FL

Which industries have the most business establishments in ZIP 32405.

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 · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 32405?

36.2

Median Age

47.5%

Male

52.5%

Female

8.1%

Foreign-Born

White 68.5%
African American 16.4%
Asian 1.9%
American Indian or Alaska Native 1.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 9.3%
Hispanic or Latino 8.0%

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

How ZIP 32405 ranks nationally

Panama City, FL household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$73,373 Top 48% higher than 52% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 55.5%
Bachelor's Degree or Higher 30.8%

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

Owner 59.5%
Renter 40.5%

$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 →

ZIP 32405 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 32405 ranks the most populous - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 32405 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 32405 ranks #5 of 7 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
32401 Panama City, FL 22,647 2.8 mi
32444 Lynn Haven, FL 18,985 2.9 mi
32408 Panama City, FL 15,352 5.4 mi
32407 Panama City Beach, FL 9,347 7.4 mi
32409 Panama City, FL 8,691 10.2 mi
32403 Panama City, FL 2,995 12.1 mi

More ZIP Codes in Bay County

32404 standard
Panama City, FL
Pop: 38,425
32401 standard
Panama City, FL
Pop: 22,647
32444 standard
Lynn Haven, FL
Pop: 18,985
32408 standard
Panama City, FL
Pop: 15,352
32413 standard
Panama City Beach, FL
Pop: 13,128
32407 standard
Panama City Beach, FL
Pop: 9,347

Related Areas

Bay County Panama City, FL Florida

Frequently Asked Questions

What county is ZIP code 32405 in? ▼
ZIP code 32405 (Panama City) is located in Bay County, Florida. Bay County contains multiple ZIP codes, see the full list at /counties/bay-fl.
What is the population of ZIP code 32405? ▼
ZIP code 32405 in Panama City, FL has a population of 29,980 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 32405? ▼
The median household income in ZIP 32405 is $73,373, which is 4% below the national average of $76,288.
What is the average home value in ZIP 32405? ▼
The median home value in ZIP 32405 is $279,900, which is 1% above the national average of $278,155.
What is the demographic makeup of ZIP 32405? ▼
The largest racial group in ZIP 32405 is White at 68.5%. Hispanic or Latino residents make up 8.0% of the population.
How many businesses are in ZIP code 32405? ▼
ZIP code 32405 has 1,209 business establishments employing approximately 17,402 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 32405? ▼
The top industries by establishment count in ZIP 32405 are: Health care and social assistance (279), Retail trade (193), Construction (140). There are 18 industry sectors represented in total.
How have home values changed in ZIP code 32405? ▼
According to the FHFA House Price Index, home values in ZIP 32405 increased by 0.5% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 170%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 32405? ▼
In ZIP code 32405, 55.5% of residents aged 25+ have a high school diploma or higher, and 30.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 32405? ▼
The mean commute time for workers in ZIP code 32405 is 22.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 32405? ▼
In ZIP code 32405, approximately 59.5% of occupied housing units are owner-occupied and 40.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 32405? ▼
The poverty rate in ZIP code 32405 is 16.7% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.