What to know about ZIP 32402
ZIP code 32402 covers ZIP 32402 with a population of about 1,261.
At a glance, the area shows median age of 46.2 versus a U.S. median of about 38.9.
It sits in the PANAMA CITY media market.
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ZIP Code 32402 — undefined, undefined Demographics & Data
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Low Income Area
At a glance
Population
1,261
Density
N/A
Median income
$31,426
-58% vs US avg
Home value
$157,500
-55% vs US avg
Median rent
$663
-43% vs US avg
Timezone
N/A
Overview of ZIP Code 32402
Income and economy in ZIP 32402
Median household income in ZIP 32402 is about $31,426 — about 58% below the U.S. median ($75,149).
On socioeconomic markers, US5 shows a poverty rate of 28.1%; unemployment rate near 4.6%; 19.5% of adults with a bachelor’s degree or higher (about 14.2 points below the national share (33.7%)).
Labor and commute patterns include leading industry context around Administrative support, Retail trade, and Healthcare; a mean commute of about 180.0 minutes (U.S. average near 26.8).
Housing and affordability in ZIP 32402
Median home value is about $157,500 — about 55% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $663 (about 43% below the U.S. median rent ($1,163)), and owner-occupancy near 28.3% (about 37.1 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 32402, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,012. That is about 37% above the local median household income ($31,426), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.