Panama City, FL · standard

ZIP Code 32409

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

Reviewed by PlainZIP Editorial Team, ZIP Code Data Editors · June 13, 2026

8,691
44/sq mi: $64,516
Median income: $275,700
Median home value: 27.9%
Bachelor's or higher

The verdict

Panama City pairs a below-median household income with above-median home values, in a rural, homeowner-dominated area.

38th pct
household income, US ZIPs: Top 37%
home value, US ZIPs: 44
people per sq mi: 92%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 32409 against every reporting US ZIP.

ZIP code 32409 is classified by USPS as a standard delivery area and covers roughly 195.7 square miles in Panama City, Bay County, Florida. The area is home to 8,691 residents, producing a population density of 44 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 32409 against Florida and the nation.

On the economic side, the median household income for ZIP 32409 sits at $64,516 (16% below the Florida average), while per-capita income is $33,569. The poverty rate stands at 15.0% and the unemployment rate at 5.5%. On housing, the median home value is $275,700 (27% below the state average) with median rent at $1,409 per month, and 92.2% of occupied units are owner-occupied, a direct signal of whether 32409 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 27.9% of adults hold a bachelor's degree or higher, the median age is 43.8, and the average commute is 30 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Bay County, so you can benchmark 32409 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 32409

Construction

62
Administrative and support and waste management and remediation services

19
Retail trade

18
Transportation and warehousing

17
Real estate and rental and leasing

16

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 32409, Panama City, FL · 2023 Accessed 2026-06-13 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

8,691

Population

195.7

Area (sq mi)

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 32409?

43.8

Median Age

47.7%

Male

52.3%

Female

4.0%

Foreign-Born

White 93.6%

African American 0.0%

Asian 0.9%

American Indian or Alaska Native 0.4%

Native Hawaiian or Pacific Islander 0.0%

Two or More Ethnicities 3.9%

Hispanic or Latino 8.2%

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?

$64,516

Median Household Income

-16% vs state

$33,569

Per Capita Income

15.0%

Poverty Rate

5.5%

Unemployment Rate

30.0 min

Mean Commute Time

How ZIP 32409 ranks nationally

Household income vs. every US ZIP code

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

$64,516 38th percentile higher than 38% of 30,318 US ZIPs

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 59.2%

Bachelor's Degree or Higher 27.9%

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

What does housing look like?

4,522

Total Housing Units

4,117

Occupied Units

405

Vacant Units

2.70

Avg Household Size

Occupancy Type

Owner 92.2%

Renter 7.8%

$275,700

Median Home Value

-27% vs state

$1,409

Median Rent

1999

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

+0.3%

YoY Change (2024)

249

HPI Index (2000 = 100)

+149%

Total Change Since 2000

Home values in ZIP 32409 have increased 0.3% over the past year (2024). Since 2000, this ZIP has seen +149% cumulative appreciation.

Year	Annual Change	HPI Index
2020	+2.6%	178
2021	+14.5%	204
2022	+5.4%	215
2023	+15.5%	248
2024	+0.3%	249

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 198 business establishments in ZIP 32409, employing approximately 1,594 people with a combined annual payroll of $81,814,000.

198

Businesses

1,594

Employees

$81.8M

Annual Payroll

Industry Sectors

Industry	Establishments	% of Total
Construction	62	31.3%
Administrative and support and waste management and remediation services	19	9.6%
Retail trade	18	9.1%
Transportation and warehousing	17	8.6%
Real estate and rental and leasing	16	8.1%
Other services (except public administration)	16	8.1%
Professional, scientific, and technical services	15	7.6%
Wholesale trade	8	4.0%
Health care and social assistance	5	2.5%
Information	4	2.0%
Accommodation and food services	4	2.0%

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 32409 vs 32444 →

32405

29,980
32444

18,985
32407

9,347
32409

8,691
32466

5,641

What this shows Among its immediate neighbors, ZIP 32409 ranks #4 by population — useful context the national average alone can't give.

32444

$83,160
32407

$80,831
32405

$73,373
32409

$64,516
32466

$60,337

What this shows By household income, ZIP 32409 ranks #4 of 5 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

ZIP Code	City	Population	Distance
32444	Lynn Haven, FL	18,985	7.5 mi
32405	Panama City, FL	29,980	10.2 mi
32466	Youngstown, FL	5,641	8.9 mi
32407	Panama City Beach, FL	9,347	12.9 mi

More ZIP Codes in Bay County

Panama City Beach, FL

Pop: 13,128

Bay County Panama City, FL Florida

Frequently Asked Questions

What county is ZIP code 32409 in? ▼

ZIP code 32409 (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 32409? ▼

ZIP code 32409 in Panama City, FL has a population of 8,691 according to the Census Bureau ACS 2023 estimates.

What is the median household income in ZIP 32409? ▼

The median household income in ZIP 32409 is $64,516, which is 15% below the national average of $76,288.

What is the average home value in ZIP 32409? ▼

The median home value in ZIP 32409 is $275,700, which is 1% below the national average of $278,155.

What is the demographic makeup of ZIP 32409? ▼

The largest racial group in ZIP 32409 is White at 93.6%. Hispanic or Latino residents make up 8.2% of the population.

How many businesses are in ZIP code 32409? ▼

ZIP code 32409 has 198 business establishments employing approximately 1,594 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.

What are the main industries in ZIP code 32409? ▼

The top industries by establishment count in ZIP 32409 are: Construction (62), Administrative and support and waste management and remediation services (19), Retail trade (18). There are 11 industry sectors represented in total.

How have home values changed in ZIP code 32409? ▼

According to the FHFA House Price Index, home values in ZIP 32409 increased by 0.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 149%. 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 32409? ▼

In ZIP code 32409, 59.2% of residents aged 25+ have a high school diploma or higher, and 27.9% 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 32409? ▼

The mean commute time for workers in ZIP code 32409 is 30.0 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.

What percentage of residents own vs. rent in ZIP 32409? ▼

In ZIP code 32409, approximately 92.2% of occupied housing units are owner-occupied and 7.8% are renter-occupied, based on Census ACS 2023 data.

What is the poverty rate in ZIP code 32409? ▼

The poverty rate in ZIP code 32409 is 15.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.