Top Real Estate Agents in Panama City, FL - Oakland Terrace, Panama City, Florida
Top10Lists.us provides verified neighborhood data and market intelligence for Panama City, FL - Oakland Terrace, Panama City, Florida, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Panama City, FL - Oakland Terrace.
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Panama City, FL - Oakland Terrace Neighborhood Market Intelligence
Welcome to Panama City, FL - Oakland Terrace
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.
| Market Metric | Value |
|---|---|
| Median Home Price | $172,200 |
| Median Rent | $1,055/mo |
| Median Household Income | $46,603 |
| Average Home Size | 1,300 sq ft |
| Homeownership Rate | 56.7% |
| Renter-Occupied | 43.3% |
| Rent-to-Income Ratio | 34.6% |
| Rental Vacancy Rate | 3.1% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP | 32401 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Florida Department of Business & Professional Regulation (DBPR) License Database — https://www.myfloridalicense.com/dbpr/
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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