ZIP 32405 - 860Z200US32405 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 32405, located in the Panama City area of Florida, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population trends, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 32405 provide a foundation for understanding the local landscape.

Population & Households

ZIP 32405 is home to a population of 29,336 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 12,197 households, reflecting a diverse range of family structures and living arrangements. With 13,585 total housing units, there’s a slight surplus of properties compared to occupied households, which could indicate availability for new residents or investors looking for opportunities in the area.

Income & Housing Costs

The median household income in ZIP 32405 stands at $71,002, suggesting a stable economic base for many residents. This income level positions the area as a place where middle-class families and professionals can thrive, with enough disposable income to support local businesses. Housing costs align with this economic profile: the median home value is $255,100, offering a reasonable entry point for buyers in a competitive market. For renters, the median rent is $1,418 per month, reflecting a rental market that caters to a range of budgets but may require careful financial planning for some households.

Race & Ethnicity

The demographic makeup of ZIP 32405 is predominantly White, with 67.34% of the population identifying as such. Black residents make up 17.1% of the community, while Hispanic or Latino individuals account for 6.64%. Asian residents represent a smaller share at 0.98%. This composition points to a community with a majority White population but with notable diversity, which can influence cultural offerings, community events, and business opportunities tailored to varied preferences and needs.

Key Facts

• Total population: 29,336 residents in ZIP 32405 as of 2023.
• Total households: 12,197, indicating a mix of family and individual living arrangements.
• Total housing units: 13,585, suggesting potential availability for new occupants or investors.
• Median household income: $71,002, reflecting a solid middle-class economic base.
• Median home value: $255,100, an accessible price point for many buyers.
• Median rent: $1,418 per month, relevant for renters assessing affordability.
• Racial composition: 67.34% White, 17.1% Black, 6.64% Hispanic, 0.98% Asian.

What This Means for You

For homebuyers, ZIP 32405 offers a promising opportunity with a median home value of $255,100, which is within reach for many middle-income families. The slight surplus of housing units (13,585 total versus 12,197 households) may mean less competition in certain segments of the market, though due diligence on specific neighborhoods is advised. Real estate investors and agents can leverage this data to identify potential rental properties, given the median rent of $1,418 and a stable population base of nearly 30,000. The income level of $71,002 suggests tenants and buyers in this area are likely to have consistent financial capacity.

Small-business owners will find a diverse customer base in ZIP 32405, with a racial and ethnic mix that supports varied product and service demands. The population size and income levels indicate a market with purchasing power, ideal for retail, dining, or service-based ventures. Analysts can use these metrics to benchmark ZIP 32405 against nearby areas, focusing on housing trends or demographic shifts to predict future growth or challenges.

Run This Study Yourself

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