Zip Code: 32404 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 32404 Zip Code (Panama City, Florida) in February 2026 was $280,128.909. The month over month percentage change (MoM) was 0.55%, and the year over year percentage change (YoY) was -0.56%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 32404 zip code (Panama City, Florida). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 32404 zip code (Panama City, Florida).

You can see similar information for other Florida zip codes, and for Florida.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 32404 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 32404 (Panama City, Florida) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 150574.6133390123 0.46 5.53
Feb 2015 151527.41264622254 0.63 5.23
Mar 2015 152543.11565220435 0.67 4.77
Apr 2015 153776.27795689614 0.81 4.66
May 2015 154932.34998655875 0.75 4.66
Jun 2015 155930.73645544672 0.64 4.76
Jul 2015 156955.61925075427 0.66 4.87
Aug 2015 158080.14235429757 0.72 5.13
Sep 2015 159198.30584823538 0.71 5.53
Oct 2015 159684.78428706437 0.31 6.17
Nov 2015 159800.4111916211 0.07 6.55
Dec 2015 159958.96531163418 0.10 6.72
Jan 2016 159991.3125726827 0.02 6.25
Feb 2016 159949.98868163754 -0.03 5.56
Mar 2016 159921.3373824303 -0.02 4.84
Apr 2016 160737.9312171775 0.51 4.53
May 2016 161790.87521288378 0.66 4.43
Jun 2016 162818.4172152785 0.64 4.42
Jul 2016 163468.9446434417 0.40 4.15
Aug 2016 164336.90092787347 0.53 3.96
Sep 2016 165384.0961402549 0.64 3.89
Oct 2016 165992.1011945938 0.37 3.95
Nov 2016 165779.92489703486 -0.13 3.74
Dec 2016 164806.3461180504 -0.59 3.03
Jan 2017 163903.00240888822 -0.55 2.44
Feb 2017 163357.02790812444 -0.33 2.13
Mar 2017 163443.36612748596 0.05 2.20
Apr 2017 164502.79191192926 0.65 2.34
May 2017 166380.0673218714 1.14 2.84
Jun 2017 168557.52024872237 1.31 3.53
Jul 2017 170473.56072850004 1.14 4.29
Aug 2017 172082.031521111 0.94 4.71
Sep 2017 173476.279167596 0.81 4.89
Oct 2017 174137.9898697572 0.38 4.91
Nov 2017 174285.69916775348 0.09 5.13
Dec 2017 174374.9935035802 0.05 5.81
Jan 2018 174426.78836006575 0.03 6.42
Feb 2018 174517.53320309843 0.05 6.83
Mar 2018 174935.2630788579 0.24 7.03
Apr 2018 176126.85219907502 0.68 7.07
May 2018 177619.69781931324 0.85 6.76
Jun 2018 179168.67800125456 0.87 6.30
Jul 2018 180813.64940859727 0.92 6.07
Aug 2018 182383.163613867 0.87 5.99
Sep 2018 183799.0161834855 0.78 5.95
Oct 2018 184986.0994754509 0.65 6.23
Nov 2018 186211.59150519947 0.66 6.84
Dec 2018 186713.77918700778 0.27 7.08
Jan 2019 185439.7324692692 -0.68 6.31
Feb 2019 181782.81786624427 -1.97 4.16
Mar 2019 176533.12727970598 -2.89 0.91
Apr 2019 171962.38789206333 -2.59 -2.36
May 2019 169462.1777606486 -1.45 -4.59
Jun 2019 169389.10607305702 -0.04 -5.46
Jul 2019 170235.15176404195 0.50 -5.85
Aug 2019 171477.782159984 0.73 -5.98
Sep 2019 172321.47824952632 0.49 -6.24
Oct 2019 173560.77445755308 0.72 -6.18
Nov 2019 175334.74853145576 1.02 -5.84
Dec 2019 178101.80910825732 1.58 -4.61
Jan 2020 181962.92247385866 2.17 -1.87
Feb 2020 186323.90326116668 2.40 2.50
Mar 2020 190754.73021971332 2.38 8.06
Apr 2020 194396.46238653144 1.91 13.05
May 2020 196685.92175474102 1.18 16.07
Jun 2020 198214.40454627573 0.78 17.02
Jul 2020 199621.03502715044 0.71 17.26
Aug 2020 201929.35797766538 1.16 17.76
Sep 2020 204725.42502940202 1.39 18.80
Oct 2020 207669.08067404595 1.44 19.65
Nov 2020 210216.86223454296 1.23 19.90
Dec 2020 212318.06711730527 1.00 19.21
Jan 2021 214958.17833755972 1.24 18.13
Feb 2021 218150.5766077337 1.49 17.08
Mar 2021 221725.53734496134 1.64 16.24
Apr 2021 224517.81120604137 1.26 15.50
May 2021 226966.6420076806 1.09 15.40
Jun 2021 229344.64292887304 1.05 15.71
Jul 2021 231225.72537438455 0.82 15.83
Aug 2021 232611.3787312629 0.60 15.19
Sep 2021 233546.65104027322 0.40 14.08
Oct 2021 234935.8471832052 0.60 13.13
Nov 2021 237109.42478910278 0.93 12.79
Dec 2021 239409.04450895012 0.97 12.76
Jan 2022 243208.72184224098 1.59 13.14
Feb 2022 248076.75818159044 2.00 13.72
Mar 2022 254225.25833616313 2.48 14.66
Apr 2022 259465.41687660074 2.06 15.57
May 2022 263339.11323534715 1.49 16.02
Jun 2022 266536.82819963695 1.21 16.22
Jul 2022 269149.82280583284 0.98 16.40
Aug 2022 270897.1653455564 0.65 16.46
Sep 2022 271743.0317092748 0.31 16.36
Oct 2022 272376.1717765327 0.23 15.94
Nov 2022 273044.72552945005 0.25 15.16
Dec 2022 273208.9577549752 0.06 14.12
Jan 2023 272846.02359476895 -0.13 12.19
Feb 2023 273168.0956862239 0.12 10.11
Mar 2023 274474.2798725719 0.48 7.97
Apr 2023 276492.4388641674 0.74 6.56
May 2023 278035.6055653294 0.56 5.58
Jun 2023 279273.9730239758 0.45 4.78
Jul 2023 280051.1835756577 0.28 4.05
Aug 2023 280657.7275620044 0.22 3.60
Sep 2023 280464.63171767024 -0.07 3.21
Oct 2023 280257.83421217464 -0.07 2.89
Nov 2023 280031.2848438335 -0.08 2.56
Dec 2023 280293.76646471844 0.09 2.59
Jan 2024 281379.35275951284 0.39 3.13
Feb 2024 283099.82490828546 0.61 3.64
Mar 2024 284841.01159036666 0.62 3.78
Apr 2024 285390.55665125547 0.19 3.22
May 2024 284929.2292303954 -0.16 2.48
Jun 2024 283569.50407987396 -0.48 1.54
Jul 2024 282228.3646019832 -0.47 0.78
Aug 2024 281141.9962314377 -0.38 0.17
Sep 2024 280466.87875589106 -0.24 0.00
Oct 2024 279802.9779397452 -0.24 -0.16
Nov 2024 279388.27170305635 -0.15 -0.23
Dec 2024 279619.1059526448 0.08 -0.24
Jan 2025 280733.2367344106 0.40 -0.23
Feb 2025 281712.0598433656 0.35 -0.49
Mar 2025 282458.36044876516 0.27 -0.84
Apr 2025 282394.9769847022 -0.02 -1.05
May 2025 282225.3276277793 -0.06 -0.95
Jun 2025 281400.08595922356 -0.29 -0.76
Jul 2025 280305.79602786276 -0.39 -0.68
Aug 2025 279050.13943847513 -0.45 -0.74
Sep 2025 278395.0399522222 -0.23 -0.74
Oct 2025 278213.24293513177 -0.06 -0.57
Nov 2025 278170.8074357121 -0.01 -0.44
Dec 2025 277961.4884398432 -0.07 -0.59
Jan 2026 278590.6126704088 0.23 -0.76
Feb 2026 280128.90931128483 0.55 -0.56