Panama City Beach, FL Rental Market for Investors
An estimated 50% of Panama City Beach's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of October 2026.
Homes in Panama City Beach that pencil right now
A sample of active Panama City Beach listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of October 2026.
$164,000DSCR 1.672 bed · 1 bath · 1,200 sqft
- STR revenue
- $39,582/yr
- Est. interest-only payment
- $1,579/mo
On the market 175 days · Listed by Coastal Premier Properties NWFL LLC
Scout this home & market: 2-bed condo in Panama City Beach
$238,000DSCR 1.341 bed · 1 bath · 582 sqft
- STR revenue
- $31,468/yr
- Est. interest-only payment
- $1,571/mo
On the market 250 days · Listed by Counts Real Estate Group - Panama City Beach
Scout this home & market: 1-bed condo in Panama City Beach
$279,000DSCR 1.541 bed · 1.5 bath · 1,246 sqft
- STR revenue
- $39,731/yr
- Est. interest-only payment
- $1,715/mo
On the market 195 days · Listed by Berkshire Hathaway HomeServices Beach Properties of Florida
Scout this home & market: 1-bed condo in Panama City Beach
$325,000DSCR 1.371 bed · 1.5 bath · 740 sqft
- STR revenue
- $44,490/yr
- Est. interest-only payment
- $2,160/mo
On the market 186 days · Listed by SweetBay Realty
Scout this home & market: 1-bed condo in Panama City Beach
$349,900DSCR 1.312 bed · 2.5 bath · 1,500 sqft
- STR revenue
- $53,367/yr
- Est. interest-only payment
- $2,719/mo
On the market 157 days · Listed by KELLER WILLIAMS SUCCESS REALTY
Scout this home & market: 2-bed townhouse in Panama City Beach
$479,000DSCR 1.272 bed · 2 bath · 1,152 sqft
- STR revenue
- $62,232/yr
- Est. interest-only payment
- $3,276/mo
On the market 395 days · Listed by Keller Williams Realty Emerald Coast DESTIN
Scout this home & market: 2-bed condo in Panama City Beach
As of October 2026, we analyzed 1,558 active for-sale homes in Panama City Beach, Florida. The typical listing is priced at $459,945 and is projected to generate about $51,603 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 50.0% of those homes could still cover an investor mortgage payment on short-term-rental income — roughly in line with the 53.1% median across the 200 major metros we track, ranking Panama City Beach #110 of 200 for cash-flow potential.
On market momentum: homes in Panama City Beach sit a median of 108 days on the market, and 16% of active listings came on in just the last 30 days — a slower-moving market, which shapes how much room there is to negotiate.
For a DSCR loan — which qualifies on the property's rental income rather than your personal income — Panama City Beach runs tighter once operating costs are accounted for: many listings need a below-median price, a stronger short-term-rental setup, or more money down before the income covers the payment. It's a market where running the numbers property-by-property matters.
What actually works in Panama City Beach
Panama City Beach works for investors, but the window is specific: 302 of the 1,368 Panama City Beach homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $589,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| $150k–$250k | 29%1.06 | 74%1.55 | — | — | — |
| $250k–$350k | 20%0.99 | 24%1.13 | 72%1.38 | 75%1.67 | — |
| $350k–$500k | 9%0.96 | 10%0.93 | 36%1.18 | 79%1.83 | — |
| $500k+ | 0%0.97 | 1%0.78 | 7%0.81 | 23%0.89 | 32%1.06 |
Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.
Panama City Beach in full
| Active for-sale homes analyzed | 1,558 |
|---|---|
| Median list price | $459,945 |
| Median projected STR revenue (annual, gross) | $51,603 |
| Median average daily rate (ADR) | $272 |
| Median occupancy | 51% |
| Median beds | 2 |
| Median size | 1,325 sqft |
| Estimated cash-flow-positive share | 50.0% |
| Median days on market | 108 days |
| New listings (last 30 days) | 15.9% of active |
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