Panama City, FL - Oakland Terrace, Panama City, FL
Panama City, FL - Oakland Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Panama City, FL - Oakland Terrace, Panama City, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Panama City, FL - Oakland Terrace Neighborhood Overview
Oakland Terrace is a residential neighborhood in Panama City, Florida, offering a quiet, community-focused lifestyle. Centered around the 32401 ZIP code, it provides a suburban feel with convenient access to the city's broader amenities. The area is characterized by its mix of single-family homes and established tree-lined streets.
Lifestyle & Amenities
Residents enjoy proximity to local shopping centers, dining options, and essential services along major thoroughfares like 23rd Street. The neighborhood's location provides relatively easy access to the beautiful beaches and waterfront activities that define the Florida Panhandle. Community parks and recreational facilities cater to families and individuals seeking an active lifestyle.
Real Estate Market
The real estate market in Oakland Terrace is characterized by affordability, with a median home value of $172,200 and a price per square foot around $199.20. Homes sell at a measured pace, averaging 102 days on the market, and the homeownership rate is 57%. Rental options are available, with a median monthly rent of $1,055.
Schools & Education
Oakland Terrace is served by the Bay County School District, which operates several public schools in the broader Panama City area. Families have access to elementary, middle, and high school options located within a reasonable commute. The neighborhood's central location also provides access to higher education institutions and private school alternatives in the region.
Transportation & Connectivity
The neighborhood is well-connected by major roads, including U.S. Highway 231 and State Road 77, facilitating commutes across Panama City and beyond. While primarily car-dependent, the area's grid-like street layout simplifies local navigation. Its central position offers reasonable access to Northwest Florida Beaches International Airport for regional and national travel.
Why Choose Panama City, FL - Oakland Terrace
Oakland Terrace presents an attractive value proposition for homebuyers seeking an affordable entry into the Panama City housing market. Its blend of a quiet residential atmosphere with convenient urban access appeals to families, professionals, and retirees. With a median household income of $46,603, it offers a cost-effective Florida lifestyle near the Gulf Coast.
Panama City, FL - Oakland Terrace 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 - Oakland Terrace, Panama City
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Panama City, FL - Oakland Terrace, 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