Panama City, FL - Forest Park, Panama City, FL
Panama City, FL - Forest Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Panama City, FL - Forest Park, Panama City, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Panama City, FL - Forest Park Neighborhood Overview
Forest Park is a residential neighborhood located in the heart of Panama City, Florida. It offers residents a central location with a strong sense of community. The area provides a balanced mix of homeownership and rental opportunities within the 32401 ZIP code.
Lifestyle & Amenities
Residents enjoy convenient access to everyday shopping, dining, and services along major thoroughfares like 23rd Street. The neighborhood's central position means Gulf Coast beaches and larger retail centers are just a short drive away. Its established, quiet streets are primarily suited for family living and those seeking an affordable Florida lifestyle.
Real Estate Market
The Forest Park real estate market is characterized by affordability, with a median home value of $172,200 and a price per square foot of approximately $198.67. Homes typically sell after about 55 days on the market, and the homeownership rate stands at 57%. Rental options are available, with a median monthly rent of $1,055.
Schools & Education
Families in Forest Park are served by the Bay County School District. The neighborhood's central location provides convenient access to a variety of public schools. Prospective residents are encouraged to research current school zoning and ratings directly with the district.
Transportation & Connectivity
The neighborhood is well-connected by a grid of local streets that feed into major arteries like 23rd Street and 15th Street. This provides efficient car travel to downtown Panama City, Tyndall Air Force Base, and shopping districts. Public transportation options are available through Bay Town Trolley services in the broader area.
Why Choose Panama City, FL - Forest Park
Forest Park is an ideal choice for buyers and renters seeking an affordable, centrally-located community in Panama City. It offers a practical balance of value, convenience, and a quiet residential atmosphere. With a median household income of $46,603, it represents a accessible point of entry to the Florida Gulf Coast lifestyle.
Panama City, FL - Forest Park 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 Park, Panama City
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Panama City, FL - Forest Park, 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 2026-10-12