16 counties · Data through September 2026
The Panhandle
Pensacola east to Tallahassee and the Forgotten Coast. Military employment, state government, and a Gulf beach market that runs on a different calendar from the rest of Florida.
74 scored ZIP codes · 15 counties with data
Where this region sits
Every scored ZIP code in The Panhandle
Shaded by market state. A soft market is good news for a buyer and hard news for a seller, which is why these are three colours on a cool to warm scale rather than green and red.
Inside the state
The Panhandle up close
Metro areas in this region
Panama City, Pensacola, Tallahassee, Fort Walton Beach-Destin. Sold-side measures are published at metro level and nowhere finer, so those are the areas a price band can be anchored to. Everything else on this page is measured per ZIP code.
The ZIP codes
Three markets, county by county
Open a market to see the ZIP codes in it. Click any number to open the chart behind it.
Market 1 · Strong · 32 ZIP codes
Few homes for sale. Sellers still hold the cards.
There are not many homes for sale in this ZIP code compared to what is normal here. Homes sell faster than in most of Florida, and fewer sellers are cutting their price. These are usually established neighborhoods where people want to live and stay. Builders are not adding many new homes, so supply stays low.
Show the 32 ZIP codesHide the 32 ZIP codes
| ZIP | Area | County | For sale | vs year ago | Days | Price cuts |
|---|---|---|---|---|---|---|
| 32424 | Blountstown, FL | Calhoun | ||||
| 32526 | Pensacola, FL | Escambia | ||||
| 32502 | Pensacola, FL | Escambia | ||||
| 32503 | Pensacola, FL | Escambia | ||||
| 32533 | Cantonment, FL | Escambia | ||||
| 32504 | Pensacola, FL | Escambia | ||||
| 32506 | Pensacola, FL | Escambia | ||||
| 32534 | Pensacola, FL | Escambia | ||||
| 32561 | Gulf Breeze, FL | Escambia | ||||
| 32505 | Pensacola, FL | Escambia | ||||
| 32328 | Eastpoint, FL | Franklin | ||||
| 32425 | Bonifay, FL | Holmes | ||||
| 32446 | Marianna, FL | Jackson | ||||
| 32344 | Monticello, FL | Jefferson | ||||
| 32308 | Tallahassee, FL | Leon | ||||
| 32311 | Tallahassee, FL | Leon | ||||
| 32312 | Tallahassee, FL | Leon | ||||
| 32317 | Tallahassee, FL | Leon | ||||
| 32309 | Tallahassee, FL | Leon | ||||
| 32531 | Baker, FL | Okaloosa | ||||
| 32567 | Laurel Hill, FL | Okaloosa | ||||
| 32578 | Niceville, FL | Okaloosa | ||||
| 32536 | Crestview, FL | Okaloosa | ||||
| 32569 | Mary Esther, FL | Okaloosa | ||||
| 32565 | Jay, FL | Santa Rosa | ||||
| 32563 | Gulf Breeze, FL | Santa Rosa | ||||
| 32566 | Navarre, FL | Santa Rosa | ||||
| 32358 | Sopchoppy, FL | Wakulla | ||||
| 32327 | Crawfordville, FL | Wakulla | ||||
| 32461 | Inlet Beach, FL | Walton | ||||
| 32455 | Ponce De Leon, FL | Walton | ||||
| 32459 | Santa Rosa Beach, FL | Walton |
Market 2 · Mixed · 34 ZIP codes
Sellers feel confident. Buyers are hesitating. Both are right.
This ZIP code is sending mixed signals. Supply and price cuts are close to normal for this area. Homes take a little longer to sell than they used to. In a lot of these areas, brand new construction is a real competitor, and builders are offering deals that resale homes cannot easily match.
Show the 34 ZIP codesHide the 34 ZIP codes
| ZIP | Area | County | For sale | vs year ago | Days | Price cuts |
|---|---|---|---|---|---|---|
| 32405 | Panama City, FL | Bay | ||||
| 32409 | Panama City, FL | Bay | ||||
| 32404 | Panama City, FL | Bay | ||||
| 32444 | Lynn Haven, FL | Bay | ||||
| 32466 | Youngstown, FL | Bay | ||||
| 32413 | Panama City Beach, FL | Bay | ||||
| 32408 | Panama City, FL | Bay | ||||
| 32507 | Pensacola, FL | Escambia | ||||
| 32501 | Pensacola, FL | Escambia | ||||
| 32514 | Pensacola, FL | Escambia | ||||
| 32577 | Molino, FL | Escambia | ||||
| 32351 | Quincy, FL | Gadsden | ||||
| 32333 | Havana, FL | Gadsden | ||||
| 32465 | Wewahitchka, FL | Gulf | ||||
| 32440 | Graceville, FL | Jackson | ||||
| 32448 | Marianna, FL | Jackson | ||||
| 32310 | Tallahassee, FL | Leon | ||||
| 32301 | Tallahassee, FL | Leon | ||||
| 32303 | Tallahassee, FL | Leon | ||||
| 32304 | Tallahassee, FL | Leon | ||||
| 32305 | Tallahassee, FL | Leon | ||||
| 32541 | Destin, FL | Okaloosa | ||||
| 32579 | Shalimar, FL | Okaloosa | ||||
| 32548 | Fort Walton Beach, FL | Okaloosa | ||||
| 32547 | Fort Walton Beach, FL | Okaloosa | ||||
| 32539 | Crestview, FL | Okaloosa | ||||
| 32571 | Milton, FL | Santa Rosa | ||||
| 32583 | Milton, FL | Santa Rosa | ||||
| 32570 | Milton, FL | Santa Rosa | ||||
| 32346 | Panacea, FL | Wakulla | ||||
| 32550 | Miramar Beach, FL | Walton | ||||
| 32435 | Defuniak Springs, FL | Walton | ||||
| 32433 | Defuniak Springs, FL | Walton | ||||
| 32428 | Chipley, FL | Washington |
Market 3 · Soft · 8 ZIP codes
More homes, more price cuts, longer waits. This is the buyer's zone.
This ZIP code has more homes for sale than normal, more sellers cutting price, and the longest waits to sell in the metro. These areas often have a lot of FHA loans, which means buyers here are more sensitive to interest rates. Some of these areas are short-term rental corridors where investors own a lot of the homes.
Source: Realtor.com Economic Research, with FHA share from HMDA via CFPB · Data through September 2026
Written up in detail
Neighborhood guides in The Panhandle
A region is still an average.
Everything above is true of The Panhandle and none of it is about the house in front of you. A report takes the price somebody is asking and shows what this data supports given that number, with every adjustment written out.