Land and home values in Bay County, Florida
Bay County (metro core, Panama City-Panama City Beach, FL) covers 759 square miles and 50 census tracts. Residential land is about $8.71 per sq ft at the county median, from $2.91 in its most rural tracts to $22.10 in its most valuable. The typical home is worth about $349,000 and a 2-bedroom rents for about $1,680 a month, as of October 12, 2026.
Open on the satellite mapAll of FloridaCounty values
| Land: residential | $8.71 | per sq ft |
| Land: residential | $379,495 | per acre |
| Land: quarter-acre lot | $94,874 | 10,890 sq ft |
| Land: farmland | $7,920 | per acre |
| Home: typical (median) | $349,000 | value |
| Home: entry-level | $236,000 | lower quartile |
| Home: upper-end | $466,000 | upper quartile |
| Build new | $157 | per sq ft, no land |
| Rent: 1-bedroom | $1,470 | per month |
| Rent: 2-bedroom | $1,680 | per month |
| Rent: 3-bedroom | $2,180 | per month |
| Rent: 4-bedroom | $2,710 | per month |
| Gross yield, 2-bed | 5.8% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 5 | $18.50 | $483,000 | $1,700 |
| Upper | 11 | $12.70 | $403,000 | $1,900 |
| Mid | 15 | $7.36 | $332,000 | $1,680 |
| Entry | 16 | $3.70 | $205,000 | $1,520 |
| Rural | 3 | $4.50 | $307,000 | $1,480 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Laguna Beach | Community | $21.80 | $450,000 |
| Lower Grand Lagoon | Community | $18.20 | $408,000 |
| Panama City Beach | Town | $15.90 | $453,000 |
| Mexico Beach | Town | $14.80 | $479,000 |
| Upper Grand Lagoon | Community | $10.40 | $383,000 |
| Pretty Bayou | Community | $9.34 | $307,000 |
| Lynn Haven | Town | $7.08 | $329,000 |
| Tyndall AFB | Community | $6.61 | $252,000 |
Questions people ask
How much is land worth in Bay County, FL?
Residential land in Bay County, FL is about $8.71 per square foot, or $379,495 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $94,874. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Bay County, FL?
The typical (median) home in Bay County, FL is worth about $349,000, with entry-level homes around $236,000 and upper-end homes around $466,000, as of October 2026.
How much is rent in Bay County, FL?
A 2-bedroom rents for about $1,680 a month in Bay County, FL, a 1-bedroom about $1,470 and a 3-bedroom about $2,180 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Bay County, FL?
Farmland averages about $7,920 an acre in Bay County, FL (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.