Panama City, FL - Forest Hills, Panama City, FL
Panama City, FL - Forest Hills — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Panama City, FL - Forest Hills, Panama City, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Panama City, FL - Forest Hills Neighborhood Overview
Forest Hills is a residential neighborhood located in the heart of Panama City, Florida. Characterized by its mature tree canopy and quiet streets, it offers a suburban feel within the city limits. The community provides residents with a central location and a strong sense of neighborhood.
Lifestyle & Amenities
Residents enjoy convenient access to everyday shopping, dining, and services along nearby 23rd Street and Harrison Avenue. The neighborhood's central position means major retail centers, healthcare facilities, and entertainment options are just a short drive away. Its peaceful, established setting appeals to those seeking a retreat from busier commercial corridors.
Real Estate Market
The Forest Hills real estate market features a median home value of $172,200, making it an affordable option within Panama City. Homes sell quickly, averaging only 13 days on the market, indicating strong demand. With a 57% homeownership rate, the area maintains a stable mix of owners and renters.
Schools & Education
Families in Forest Hills are served by the Bay County School District. The neighborhood's central location provides reasonable access to a variety of public schools. Specific school assignments are determined by the district and can be verified through their official channels.
Transportation & Connectivity
The neighborhood is well-connected by major arteries like 23rd Street and Harrison Avenue, facilitating easy commutes across Panama City. Public transportation options are available through Bay Town Trolley services. Its central location ensures quick access to State Road 77 and the business districts.
Why Choose Panama City, FL - Forest Hills
Forest Hills is ideal for buyers and renters seeking an affordable, established neighborhood with a quick-moving market. Its blend of residential tranquility and urban convenience offers the best of both worlds. The area's high homeownership rate and median household income of $46,603 contribute to a stable and invested community atmosphere.
Panama City, FL - Forest Hills Market Data
| Metric | Value |
|---|---|
| Median Home Price | $172K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $47K |
| Homeownership Rate | 56.7% |
| Renter-Occupied | 43.3% |
| Rental Vacancy Rate | 3.1% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 32401 |
Top Real Estate Agents in Panama City, FL - Forest Hills, Panama City
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Panama City, FL - Forest Hills, Panama City, FL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Florida Department of Business & Professional Regulation (DBPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-13