Bay County, Florida home prices
Typical home $343,009 · -0.0% in a year · property tax 0.58%
The typical home in Bay County is worth $343,009, 9% less than the Florida typical home ($375,361). Values changed -0.0% in the past year and +15.8% over five years. Homeowners here pay a median 0.58% of their home's value in property tax each year ($1,996 on the typical home), versus 0.8% statewide.
Mortgage on the typical Bay County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $68,602 | $274,407 | $1,846 | $0 | $338 | $2,184 | $93,600 |
| 10% down | $34,301 | $308,708 | $2,077 | $129 | $338 | $2,543 | $109,000 |
| 5% down | $17,150 | $325,858 | $2,192 | $136 | $338 | $2,666 | $114,200 |
| 3.5% down (FHA) | $12,005 | $336,796 | $2,266 | $152 | $338 | $2,755 | $118,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.58% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Florida · part of the Panama City metro area.
Florida counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Brevard County | $342,346 | -0.5% | 0.68% |
| Flagler County | $350,266 | -0.2% | 0.76% |
| Clay County | $335,274 | -0.3% | 0.72% |
| Santa Rosa County | $350,823 | +1.5% | 0.57% |
| Lee County | $334,485 | -3.5% | 0.79% |
| Okaloosa County | $352,929 | +0.9% | 0.57% |
| Pasco County | $328,125 | -1.9% | 0.73% |
| Osceola County | $359,224 | -2.9% | 0.76% |
| Lake County | $360,055 | -2.0% | 0.76% |
| Volusia County | $324,665 | -0.3% | 0.77% |
Frequently asked questions
What is the average home price in Bay County, FL?
The typical home value in Bay County is $343,009 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Bay County?
About $93,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Bay County?
The median effective rate is 0.58% of home value a year (Census ACS 2024 5-year estimates).