Affordable & Income-Based Housing in Panama City

Safety

According to FBI Crime Data Explorer, the Panama City Police Department reported a violent crime rate of 649 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Panama City

According to Walk Score, the area around assisted properties in Panama City scores a 38 (Car-Dependent) for walkability and a 47 for bikeability. No Transit Score is available. Most errands will require a car.

Schools

Panama City is served by 37 schools across 2 districts, including 15 elementary, 4 middle, and 18 high schools, according to NCES Common Core of Data. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Renting in Panama City, FL

Panama City has 8 income-restricted properties offering 722 assisted units, giving renters who qualify access to housing with rents tied to their income rather than the open market.

No median household income figure is available in our current data for Panama City. Eligibility for assisted housing here is generally based on HUD income limits for Bay County, which are published annually and vary by household size.

• Assisted properties in the city: 8
• Total assisted units: 722
• Rent structure: Rents at HUD-assisted and LIHTC properties are capped based on area median income (AMI), not market rates

To see current income limits and confirm your eligibility, visit HUD's income limits page and select Bay County, FL.

Environment & Flood Risk

Of the 8 HUD-assisted properties in Panama City, all 8 have been mapped for flood zone data. Only 1 property falls within a high-risk flood zone, while the remaining 7 do not. Renters interested in that one property may want to ask about flood insurance requirements before signing a lease.