PlainZIP

Panama City Beach, FL · standard

ZIP Code 32407

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

9,347
260/sq mi
$80,831
Median income
$404,200
Median home value
40.0%
Bachelor's or higher

The verdict

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

Top 37%
household income, US ZIPs
Top 20%
home value, US ZIPs
260
people per sq mi
56%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 32407 against every reporting US ZIP.

ZIP code 32407 is a mid-sized community (a standard USPS delivery area) in Panama City Beach, Bay County, Florida, home to 9,347 residents across 36.0 square miles, a density of 260 people per square mile, in the Chicago time zone.

ZIP 32407 lands in the middle-income range, with a median household income of $80,831 (5% above the Florida average), while per-capita income is $47,494. Poverty here runs at 6.3%, with unemployment measured at 4.3%. Median home value sits at $404,200 (8% above the state average), median rent at $1,840 a month, and owner-occupancy at 56.4%.

A solid share of residents have a four-year degree: 40.0% of adults hold a bachelor's degree or higher, the median age is 38.2, and the average commute is 20 minutes. To put 32407 in local context, 6 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Bay County, for a geography-aware comparison.

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 32407

Top 5 sectors by establishment count in Panama City Beach, FL

Which industries have the most business establishments in ZIP 32407.

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 32407, Panama City Beach, 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

9,347

Population

36.0

Area (sq mi)

260

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 32407?

38.2

Median Age

52.3%

Male

47.7%

Female

12.9%

Foreign-Born

White 73.9%
African American 7.1%
Asian 2.4%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 10.9%
Hispanic or Latino 12.3%

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?

$80,831

Median Household Income

+5% vs state

$47,494

Per Capita Income

6.3%

Poverty Rate

4.3%

Unemployment Rate

19.8 min

Mean Commute Time

How ZIP 32407 ranks nationally

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

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

$80,831 Top 37% higher than 63% 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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $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 58.3%
Bachelor's Degree or Higher 40.0%

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

What does housing look like?

12,275

Total Housing Units

7,009

Occupied Units

5,266

Vacant Units

2.32

Avg Household Size

Occupancy Type

Owner 56.4%
Renter 43.6%

$404,200

Median Home Value

+8% vs state

$1,840

Median Rent

2002

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

-6.0%

YoY Change (2024)

325

HPI Index (2000 = 100)

+225%

Total Change Since 2000

Home values in ZIP 32407 have decreased 6.0% over the past year (2024). Since 2000, this ZIP has seen +225% cumulative appreciation.

Year Annual Change HPI Index
2020 +13.1% 238
2021 +5.8% 252
2022 +20.9% 305
2023 +13.6% 346
2024 -6.0% 325

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 664 business establishments in ZIP 32407, employing approximately 8,216 people with a combined annual payroll of $354,186,000.

664

Businesses

8,216

Employees

$354.2M

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Retail trade 114 17.2%
Accommodation and food services 101 15.2%
Professional, scientific, and technical services 69 10.4%
Real estate and rental and leasing 68 10.2%
Other services (except public administration) 57 8.6%
Health care and social assistance 49 7.4%
Administrative and support and waste management and remediation services 48 7.2%
Construction 47 7.1%
Finance and insurance 35 5.3%
Arts, entertainment, and recreation 23 3.5%
Wholesale trade 13 2.0%
Transportation and warehousing 12 1.8%
Manufacturing 10 1.5%
Information 10 1.5%
Utilities 3 0.5%
Management of companies and enterprises 3 0.5%

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 32407 vs 32405 →

ZIP 32407 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 32407 ranks #6 by population - useful context the national average alone can't give.

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

ZIP 32407 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 32407 ranks #2 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
32405 Panama City, FL 29,980 7.4 mi
32408 Panama City, FL 15,352 5.8 mi
32401 Panama City, FL 22,647 8.3 mi
32444 Lynn Haven, FL 18,985 8.7 mi
32413 Panama City Beach, FL 13,128 10.5 mi
32409 Panama City, FL 8,691 12.9 mi

More ZIP Codes in Bay County

32404 standard
Panama City, FL
Pop: 38,425
32405 standard
Panama City, FL
Pop: 29,980
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

Related Areas

Bay County Panama City Beach, FL Florida

Frequently Asked Questions

What county is ZIP code 32407 in? ▼
ZIP code 32407 (Panama City Beach) 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 32407? ▼
ZIP code 32407 in Panama City Beach, FL has a population of 9,347 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 32407? ▼
The median household income in ZIP 32407 is $80,831, which is 6% above the national average of $76,288.
What is the average home value in ZIP 32407? ▼
The median home value in ZIP 32407 is $404,200, which is 45% above the national average of $278,155.
What is the demographic makeup of ZIP 32407? ▼
The largest racial group in ZIP 32407 is White at 73.9%. Hispanic or Latino residents make up 12.3% of the population.
How many businesses are in ZIP code 32407? ▼
ZIP code 32407 has 664 business establishments employing approximately 8,216 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 32407? ▼
The top industries by establishment count in ZIP 32407 are: Retail trade (114), Accommodation and food services (101), Professional, scientific, and technical services (69). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 32407? ▼
According to the FHFA House Price Index, home values in ZIP 32407 decreased by 6.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 225%. 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 32407? ▼
In ZIP code 32407, 58.3% of residents aged 25+ have a high school diploma or higher, and 40.0% 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 32407? ▼
The mean commute time for workers in ZIP code 32407 is 19.8 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 32407? ▼
In ZIP code 32407, approximately 56.4% of occupied housing units are owner-occupied and 43.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 32407? ▼
The poverty rate in ZIP code 32407 is 6.3% 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.