ZIP Code 32437

In ZIP code 32437, near Panama City, homes carry a median value of $183,800 while households bring in a median income of $46,477 and per-capita income of $31,432. The county's 0.46% effective property tax rate works out to a comparatively gentle annual bill on that median home, so property taxes absorb a smaller share of earnings here than in many Florida markets. Sales tax, at 7.50% combined, adds to everyday costs. Buyers weighing this area against pricier coastal stretches may find the relationship between local wages and home prices workable, though the gap between median income and per-capita income hints at varied household circumstances.