What to know about ZIP 32406
ZIP code 32406 covers ZIP 32406 with a population of about 4,264.
At a glance, the area shows median age of 31.9 versus a U.S. median of about 38.9.
It sits in the PANAMA CITY media market.
,
ZIP Code 32406 — undefined, undefined Demographics & Data
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working Class
At a glance
Population
4,264
Density
N/A
Median income
$50,756
-32% vs US avg
Home value
$194,600
-44% vs US avg
Median rent
$1,013
-13% vs US avg
Timezone
N/A
Overview of ZIP Code 32406
Income and economy in ZIP 32406
Median household income in ZIP 32406 is about $50,756 — about 32% below the U.S. median ($75,149).
On socioeconomic markers, US5 shows a poverty rate of 18.2%; unemployment rate near 5.7%; 18.8% of adults with a bachelor’s degree or higher (about 14.9 points below the national share (33.7%)).
Labor and commute patterns include leading industry context around Construction, Food services, and Retail trade; about 3.9% of workers reporting work-from-home (about 11.3 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).
Housing and affordability in ZIP 32406
Median home value is about $194,600 — about 44% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,013 (about 13% below the U.S. median rent ($1,163)), and owner-occupancy near 31.7% (about 33.7 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 32406, a household would need roughly $54,000 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 $1,250. That is roughly in line with the local median household income ($50,756). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.