Panama City, FL Rental Market for Investors
An estimated 75% of Panama City's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of August 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 August 2026.
$149,999DSCR 2.213 bed · 1 bath · 1,040 sqft
- STR revenue
- $32,990/yr
- Est. interest-only payment
- $995/mo
On the market 129 days · Listed by Cason Pointe Real Estate
Scout this home & market: 3-bed house in Panama City
$190,000DSCR 1.522 bed · 2 bath · 933 sqft
- STR revenue
- $25,441/yr
- Est. interest-only payment
- $1,117/mo
On the market 363 days · Listed by Think Real Estate
Scout this home & market: 2-bed townhouse in Panama City
$230,000DSCR 1.913 bed · 1 bath · 1,260 sqft
- STR revenue
- $39,035/yr
- Est. interest-only payment
- $1,365/mo
On the market 80 days · Listed by LPT Realty LLC
Scout this home & market: 3-bed house in Panama City
$250,000DSCR 1.853 bed · 1 bath · 914 sqft
- STR revenue
- $41,021/yr
- Est. interest-only payment
- $1,477/mo
On the market 131 days · Listed by EXP Realty LLC
Scout this home & market: 3-bed house in Panama City
$280,000DSCR 1.321 bed · 2 bath · 1,047 sqft
- STR revenue
- $36,792/yr
- Est. interest-only payment
- $1,853/mo
On the market 303 days · Listed by KELLER WILLIAMS SUCCESS REALTY
Scout this home & market: 1-bed condo in Panama City
$299,900DSCR 1.865 bed · 3.5 bath · 1,980 sqft
- STR revenue
- $51,049/yr
- Est. interest-only payment
- $1,834/mo
On the market 38 days · Listed by Flatfee.Com
Scout this home & market: 5-bed house in Panama City
$330,000DSCR 1.611 bed · 1 bath · 618 sqft
- STR revenue
- $51,700/yr
- Est. interest-only payment
- $2,147/mo
On the market 314 days · Listed by HOMECOIN.COM
Scout this home & market: 1-bed condo in Panama City
$359,900DSCR 1.283 bed · 2 bath · 1,262 sqft
- STR revenue
- $46,874/yr
- Est. interest-only payment
- $2,449/mo
On the market 304 days · Listed by Salty Marlin Realty LLC
Scout this home & market: 3-bed condo in Panama City
$399,000DSCR 1.392 bed · 2 bath · 1,075 sqft
- STR revenue
- $54,076/yr
- Est. interest-only payment
- $2,591/mo
On the market 27 days · Listed by Counts Real Estate Group - Panama City Beach
Scout this home & market: 2-bed condo in Panama City
As of August 2026, we analyzed 1,114 active for-sale homes in Panama City, Florida. The typical listing is priced at $341,041 and is projected to generate about $42,235 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 75.0% of those homes could still cover an investor mortgage payment on short-term-rental income — well above the 52.5% median across the 200 major metros we track, ranking Panama City #18 of 200 for cash-flow potential.
On market momentum: homes in Panama City sit a median of 88 days on the market, and 23% 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: 466 of the 929 Panama City homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $375,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| $150k–$250k | 63%1.32 | 86%1.52 | 90%1.74 | 100%1.84 | — |
| $250k–$350k | 36%1.11 | 36%1.19 | 72%1.40 | 85%1.50 | — |
| $350k–$500k | 19%1.18 | 25%1.08 | 27%1.09 | 32%1.16 | 72%1.43 |
| $500k+ | — | 0%0.85 | 3%0.72 | 7%0.83 | 6%0.88 |
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 | 1,114 |
|---|---|
| Median list price | $341,041 |
| Median projected STR revenue (annual, gross) | $42,235 |
| Median average daily rate (ADR) | $200 |
| Median occupancy | 57% |
| Median beds | 3 |
| Median size | 1,636 sqft |
| Estimated cash-flow-positive share | 75.0% |
| Median days on market | 88 days |
| New listings (last 30 days) | 23.0% of active |
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