Residential delivery area · Florida
ZIP Code 32408: Upper Grand Lagoon (Panama City), FL
ZIP code 32408 is in Upper Grand Lagoon (postal name Panama City), Florida, entirely in Bay County (Census 2020 ZIP-county file). About 19,000 people live there (Census Bureau, ACS 2020-2024), the 4th most populous of Panama City's 6 residential ZIP codes. Median household income is $80,822 (Census Bureau, ACS 2020-2024). By Census place, its land lies in Upper Grand Lagoon (69%) and Lower Grand Lagoon (25%), and 4% in smaller places; 2% is outside any Census place.
- ACS2020-24
- Census2020
- FHFA2025
- ZBP2023
- IRS2022
- Town
- Panama City · 6 residential ZIPs
- County
- Bay County
- Census places
- Upper Grand Lagoon (69%) census-designated place; Lower Grand Lagoon (25%) census-designated place
- Metro area
- Panama City-Panama City Beach, FL
- House district
- FL-2 119th Congress
- State
- Florida
- Time zone
- Central
- Land area
- 8.6 sq mi · 2,199 people per sq mi
Where is ZIP code 32408?
32408 centers on 30.157°, -85.755° and covers 8.6 square miles of land plus 4.3 of water. It borders 2 ZIP codes: 32407, 32401.
The map draws ZIP code areas only. For the streets inside 32408, open its center on OpenStreetMap.
Source: U.S. Census Bureau, 2020 ZCTA cartographic boundaries and the 2023 Gazetteer (2020 ZCTAs); ZIP-to-county shares, Census places and House districts (119th Congress) from the Census 2020 relationship files (shares of land); metro area from the OMB delineation (July 2023); town name and time zone from simplemaps US ZIP Codes (CC BY 4.0).
How does 32408 compare with the rest of Panama City?
| Measure | 32408 | In Panama City | In Bay County | In FL |
|---|---|---|---|---|
| People (ACS 2020-2024) | 18,832 | 4th of 6 | 5th of 16 | 521st of 1,013 |
| Median household income | $81k | 1st of 5 | 3rd of 11 | 311th of 819 |
| Median home value | $382k | 1st of 5 | 3rd of 11 | 330th of 833 |
Its median household income is higher than in 63% of U.S. residential ZIP codes, and it is denser than 85% of all U.S. residential ZIP codes. ZIP codes at the ACS caps ($250,000 or more for household income, $2,000,000 or more for home value) share the top rank.
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B19013, B25077); ranks by PlainZIP over residential ZIP codes (ZCTAs).
How many people live in 32408?
The 2020 Census counted 17,479 people in 32408; the ACS, which samples households over 2020-2024, estimates 18,832. Its boundary changed between the 2010 and 2020 censuses, so the two counts are not compared.
- People, ACS 2020-2024
- 18,832
- 2020 Census count
- 17,479
- Households
- 9,135
- Median age
- 47.8
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B01002, B11001); 2020 Census (DHC P1); 2010 Census (SF1 P1).
Who lives in 32408?
Of the 18,832 people the ACS estimates in 32408, 15.8% are under 18 and 23.3% are 65 or older. The largest group by race and Hispanic origin is White (not Hispanic) (79.3%).
- Under 1815.8%
- 18 to 6460.9%
- 65 and older23.3%
- White, not Hispanic79.3%
- Other or two or more8.1%
- Hispanic or Latino6.9%
- Black, not Hispanic3.6%
- Asian, not Hispanic2.0%
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01001 age by sex, B03002 Hispanic or Latino origin by race); shares of the estimated population, small ZIP codes carry wide margins.
What do households in 32408 earn?
Median household income is $80,822 (ACS 2020-2024), the 3rd highest of the 11 ranked ZIP codes in Bay County.
- Median household income
- $80,822
- Income per person
- $50,125
- Below the poverty line
- 9.7%
- Unemployed (of the labor force)
- 2.8%
- Adults 25+ with a bachelor's degree
- 35.8%
- Adjusted gross income per tax return, 2022
- $104,8588,020 returns; wages 49% of AGI (IRS)
Source: U.S. Census Bureau, ACS 2020-2024 and 2015-2019 5-year estimates (B19013, B19301, B17001, B23025, B15003; 2015-2019 dollars converted with the BLS CPI-U, 1.22699); IRS Statistics of Income, ZIP code data, tax year 2022 (adjusted gross income per return, filed under the address on the return).
What are homes worth in 32408?
FHFA's house price index for 32408, built from repeat sales and appraisals of the same homes, rose 143% from 2015 to 2025 and rose 58% from 2020 to 2025, and moved +0.8% in 2025.
- Median home value (owners' estimate)
- $382,300
- Median gross rent
- $1,584
- Homes owned by their occupants
- 63.0%
- Housing units
- 17,531
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B25077, B25064, B25003, B25001); FHFA House Price Index, annual five-digit ZIP, updated 2026-03-31.
What businesses are in 32408?
538 business establishments had a location in this ZIP code in 2023, 76 more than in 2018; the most are in real estate and rental and leasing (ZIP Code Business Patterns).
- Real estate and rental and leasing81
- Construction75
- Accommodation and food services66
- Professional, scientific, and technical services61
- Retail trade57
- Other services (except public administration)42
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023 and 2018 (establishments with paid employees, by the business's ZIP code).
Which ZIP codes are next to 32408?
| ZIP | Town | People | Household income | Distance |
|---|---|---|---|---|
| 32407 | Panama City Beach | 16,404 | $81k | 3.6 mi |
| 32401 | Panama City | 18,947 | $53k | 7.0 mi |
| 32405 | Panama City | 29,984 | $73k | 5.9 mi (near) |
| 32444 | Lynn Haven | 21,459 | $83k | 8.4 mi (near) |
| 32413 | Panama City Beach | 15,453 | $80k | 12.9 mi (near) |
| 32409 | Panama City | 11,113 | $65k | 13.0 mi (near) |
| 32403 | Panama City | 447 | $119k | 14.2 mi (near) |
| 32404 | Panama City | 42,514 | $75k | 14.9 mi (near) |
Source: PlainZIP from the Census 2020 ZCTA boundaries (shared edges) and internal points; figures ACS 2020-2024.