Xome Value®
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
1
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
$227,263
-3.9%
Since Sep 2024
Range: $159,084-$295,441
Evaluated July 23, 2025
1 Year
5 Years
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Property Facts
8761 Tower Rd, Panama City, FL is a single family home that contains 1,468 Sq. Ft. and was built in 1981. It contains 3 bedrooms and 2 bathrooms. This home last sold for $138,000 on 5/27/2003.
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County:BAY
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Year Built:1981
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Living Area:1,468 Sq. Ft.
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Lot Size:121,794 Sq. Ft.
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Zone:BC16
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Parcel:03834-060-000
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Bedrooms:3
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Bathrooms:2
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Owner:BURNHAM, BENJAMIN G & TRACY L
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Property History
Price History
Date
Event
Price
Source
5/27/2003
Sold
$138,000
Public Records
Sales in a non-disclosure state
Tax History
Year
Taxes
Total Assessment
2024
$1,343 (0%)
$144,837 (+4.29%)
2023
$1,343 (+4.11%)
$138,879 (+3%)
2022
$1,290 (+11.5%)
$134,834 (+3%)
2021
$1,157 (+0.78%)
$130,907 (+1.4%)
2020
$1,148 (+0.79%)
$129,100 (+0.85%)
2019
$1,139 (+1.33%)
$128,008 (-0.63%)
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Comparable Homes
Sales in a non-disclosure state
Address
Sold Price
Details
8761 Tower Rd
Panama City, FL 32404
This Property
-
3 Bed
2 Bath
1,468 Sq. Ft.
1981 Year Built
1
8110 Greyling Circle
Youngstown, FL 32466
$277,990
3 Bed
2 Bath
1,431 Sq. Ft.
2025 Year Built
2
10914 S Fork Loop
Panama City, FL 32404
$335,000
3 Bed
2 Bath
1,662 Sq. Ft.
2006 Year Built
3
8729 Crook Hollow Road
Panama City, FL 32404
$344,900
3 Bed
2 Bath
1,458 Sq. Ft.
2018 Year Built
4
8040 Greyling Circle
Youngstown, FL 32466
$304,800
4 Bed
2 Bath
1,773 Sq. Ft.
2025 Year Built
5
8028 Greyling Circle
Youngstown, FL 32466
$303,990
4 Bed
2 Bath
1,773 Sq. Ft.
2025 Year Built
6
7423 Morningside Drive
Panama City, FL 32404
$299,900
3 Bed
2 Bath
1,427 Sq. Ft.
2025 Year Built
7
9038 Crook Hollow Road
Panama City, FL 32404
$385,000
3 Bed
2 Bath
2,000 Sq. Ft.
2006 Year Built
8
8021 Greyling Circle
Youngstown, FL 32466
$304,500
4 Bed
2 Bath
1,773 Sq. Ft.
2025 Year Built
9
7924 Greyling Circle
Youngstown, FL 32466
$276,000
3 Bed
2 Bath
1,431 Sq. Ft.
2025 Year Built
10
8923 Summer Circle
Panama City, FL 32404
$245,000
3 Bed
1 Bath
1,000 Sq. Ft.
1993 Year Built
Sales in a non-disclosure state
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Market Trends
Panama City
32404
Median Sold Price
The median sold price is the middle price of all the properties that have actually been sold within a specific period.
Using the median sold price can provide valuable insights into actual market transactions and buyer behavior.
Aug 2024
$310,000
Jul 2025
$316,900
Change
+2.2%
1 Year
2 Years
5 Years
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Median Sales Price Per Square Foot
Median Sales Price Per Square Foot provides a quick, high-level way to evaluate appreciation or depreciation of property
values over time in the selected area. Using the price per square foot can help you estimate a property's market value.
1 Year
2 Years
5 Years
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Average Days on Market
Average Days on Market represent the average number of days a property takes to sell. Using Average Days on Market
can help provide insights into the speed at which properties are selling in a particular area or market.
Aug 2024
93 Days
Jul 2025
117 Days
Change
+25.8%
1 Year
2 Years
5 Years
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Supply and Demand
The following chart shows the relationship between properties for sale (supply) and properties sold (demand) in the
specified market, where available.
For Sale
Sold
1 Year
2 Years
5 Years
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Months of Supply
This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of
Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.
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2 Years
5 Years
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Area Statistics
People
ZIP (32404)
City (Panama City)
Population
39,552
13,656
Population Density
306.8
1,443.7
People Per Household
2.7
2.5
Median Age
38.9
40.4
Median Household Income
$58,853
$55,543
Average Income
$27,203
$27,598
Economy
ZIP (32404)
City (Panama City)
Unemployment
2.10%
2.10%
Recent Job Growth
2.98%
2.98%
Future Job Growth
54.03%
54.03%
Sales Tax
7.00%
7.00%
Income Tax
0.00%
0.00%
Cost of Living Index
96.9
96.2
Environment
ZIP (32404)
City (Panama City)
Altitude
28
33
Rainfall (Inches Annually)
59.9
59.9
Snowfall (Inches Annually)
0
0
January Avg. Low Temp
41.9
41.9
July Avg. High Temp
89.9
89.9
Days of Precipitation Annually
104
104
Days Mostly Sunny Annually
241
239
Comfort Index (During Hot Weather)
7
7
Source: Sperling's Best Places
Nearby Schools
Rating
School Name
Grades
Distance
6-8
6.7 mi
PK-5
11 mi
9-12
11.9 mi
Data provided by GreatSchools.org © 2025.
All rights reserved.
