Panama City, FL Rental Market for Investors
An estimated 70% of Panama City'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 that pencil right now
A sample of active Panama City 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.
$239,900DSCR 1.433 bed · 1.5 bath · 1,354 sqft
- STR revenue
- $32,351/yr
- Est. interest-only payment
- $1,512/mo
On the market 426 days · Listed by Think Real Estate
Scout this home & market: 3-bed house in Panama City
$280,000DSCR 1.311 bed · 2 bath · 1,047 sqft
- STR revenue
- $36,792/yr
- Est. interest-only payment
- $1,876/mo
On the market 352 days · Listed by KELLER WILLIAMS SUCCESS REALTY
Scout this home & market: 1-bed condo in Panama City
$294,900DSCR 1.561 bed · 1 bath · 609 sqft
- STR revenue
- $46,834/yr
- Est. interest-only payment
- $2,001/mo
On the market 159 days · Listed by Remax Select Partners
Scout this home & market: 1-bed condo in Panama City
$321,388DSCR 1.514 bed · 2 bath · 1,602 sqft
- STR revenue
- $42,161/yr
- Est. interest-only payment
- $1,865/mo
On the market 195 days · Listed by Adams Homes Realty, Inc
Scout this home & market: 4-bed house in Panama City
$359,900DSCR 1.263 bed · 2 bath · 1,262 sqft
- STR revenue
- $46,874/yr
- Est. interest-only payment
- $2,478/mo
On the market 354 days · Listed by Salty Marlin Realty LLC
Scout this home & market: 3-bed condo in Panama City
$407,350DSCR 1.315 bed · 4 bath · 2,527 sqft
- STR revenue
- $54,077/yr
- Est. interest-only payment
- $2,759/mo
On the market 73 days · Listed by VCFL Realty LLC
Scout this home & market: 5-bed house in Panama City
As of October 2026, we analyzed 1,047 active for-sale homes in Panama City, Florida. The typical listing is priced at $342,082 and is projected to generate about $43,454 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 70.4% of those homes could still cover an investor mortgage payment on short-term-rental income — well above the 53.1% median across the 200 major metros we track, ranking Panama City #28 of 200 for cash-flow potential.
On market momentum: homes in Panama City sit a median of 102 days on the market, and 18% 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 — that's a relatively healthy setup: in Panama City, a meaningful share of listings throw off enough short-term-rental income, after costs, to cover an estimated investor mortgage payment.
What actually works in Panama City
Panama City is a broad cash-flow market right now: 419 of the 872 Panama City homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $379,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| $150k–$250k | 38%1.05 | 82%1.52 | 90%1.65 | — | — |
| $250k–$350k | 23%1.04 | 29%1.15 | 73%1.44 | 85%1.57 | — |
| $350k–$500k | 0%0.88 | 14%0.97 | 26%1.06 | 38%1.14 | 70%1.45 |
| $500k+ | — | 0%0.72 | 4%0.73 | 8%0.84 | 0%1.04 |
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 in full
| Active for-sale homes analyzed | 1,047 |
|---|---|
| Median list price | $342,082 |
| Median projected STR revenue (annual, gross) | $43,454 |
| Median average daily rate (ADR) | $202 |
| Median occupancy | 57% |
| Median beds | 3 |
| Median size | 1,648 sqft |
| Estimated cash-flow-positive share | 70.4% |
| Median days on market | 102 days |
| New listings (last 30 days) | 17.7% of active |
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Estimates for educational purposes. Final terms subject to credit, property & program approval.
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