Panama City, Florida Short Term Rental Regulations
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Reviewed by Derick Hargrave
Last updated September 03, 2023
Panama City Short-Term Rental Regulations
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Short Term City Rating4.4
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Competition
2.4 -
Real Estate Cost
4.9 -
STR Regulations
N/A -
Seasonality
2.7 -
Rental Rates
7.6
Panama City, Florida Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 35,939
- STR License Required
- No
- Tourist Season
- March to September
- County
- Bay
- Airports
- Northwest Florida Beaches International Airport (ECP)
- Panama City-Bay County International Airport (PFN)
Want to learn more about Panama City?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Panama City rental analytics guide if you're interested in data on the Panama City rental market.
Review the popular activities that hosts include in their property positing in Panama City.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Panama City guests.
Interested in other Florida cities?
Check out the Florida short term rental regulations directory
What makes Panama City a great place to invest?
- Tourist Attractions: Panama City is home to a variety of tourist attractions, including beautiful beaches, historic sites, and family-friendly activities. The famous Panama City Beach, St. Andrews State Park, and the Panama City Marina are just a few of the attractions that draw visitors year-round.
- Favorable Climate: The climate in Panama City is subtropical, meaning it has mild winters and warm summers. This makes it a desirable destination for travelers looking to escape colder climates, ensuring a steady demand for short-term rentals throughout the year.
- Proximity to Major Airports: Panama City is served by the Northwest Florida Beaches International Airport, which provides easy access for travelers from all over the world. The convenience of reaching the city contributes to its appeal as a vacation destination and, consequently, the demand for short-term rentals.
- Outdoor Activities: The city offers a wide range of outdoor activities, from fishing and boating to hiking and golfing. This attracts a diverse group of visitors, from adventure seekers to families looking for a relaxing getaway, all of whom need accommodations.
- Events and Festivals: Panama City hosts several events and festivals throughout the year, such as the Panama City Beach Mardi Gras and Music Festival, and the Emerald Coast Cruizin' Car Show. These events attract visitors from near and far, increasing the demand for short-term rentals during these times.
Panama City Nearby Cities
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9 miles away
- Rating: 4.6
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21 miles away
- Rating: 5.6
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Local Real Estate
How expensive is the real estate in Panama City?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Panama City has increased 3% over the past year, and the average price per square foot is $409, which is higher than the national average.
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Median Sale Price
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$574,306
3% YoY
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Median per Square Foot
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$409
1% YoY
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Average Monthly Rent
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$1,846
-1% YoY
The most common terms hosts include in their listings for Panama City, Florida
Common terms for Panama City short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Panama City has a description approximately 2,527 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 8,984 listings in Panama City, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Beach, Panama City, City Beach, Balcony, Pier, Gulf, Pool, Resort, Hot tub, and View.
What are the most popular tourist activities in Panama City?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Panama City involve going to the Beach, Swimming, Water Parks, Jet Skiing, and Snorkeling. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Beach
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Swimming
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Water Parks
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Jet Skiing
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Snorkeling
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Scuba Diving
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Boating
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Zoo
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Adventure Activities
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Surfing
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Parasailing
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Sailing
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Panama City, including Pier Park, Panama City Beaches, Frank Brown Park, Carillon Beach, and Frank Brown Park. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Well Known Attraction
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Pier Park
Included on 62% of listings
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Regional Landmark
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Frank Brown Park
Included on 62% of listings
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Regional Landmark
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Panama City Beaches
Included on 62% of listings
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Local Landmark
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Russell-Fields Pier
Included on 62% of listings
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Regional Landmark
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Shipwreck Island Waterpark
Included on 62% of listings
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Regional Landmark
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Thomas Drive
Included on 62% of listings
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Regional Landmark
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St. Andrews State Park
Included on 61% of listings
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Regional Landmark
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Carillon Beach
Included on 52% of listings
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Well Known Attraction
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Panama City Beaches
Included on 37% of listings
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Well Known Attraction
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Frank Brown Park
Included on 37% of listings
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Regional Landmark
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Carillon Beach
Included on 37% of listings
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Regional Landmark
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M.B. Miller County Pier
Included on 37% of listings
What’s the weather like in Panama City, Florida?
The weather is generally warmer than the national average, with an average high temperature of around 77°, while the average low is about 62°. The rainfall is much heavier, averaging about 51 inches per year, compared to the national average of about 27 inches. Snowfall is scarce, with an average year having no snowfall. The humidity levels in Panama City are generally muggier than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
48° Low 64° High
Spring
March through May
61° Low 77° High
Summer
June through August
76° Low 89° High
Fall
September through November
63° Low 79° High
Cities Near Panama City
Panama City, Florida, is located in Bay County. Some cities that are located nearby include:
