Rent Tracker
Rent Inflation in Panama City, FL
The average asking rent in Panama City, FL is $1,745/month as of 2026-08. That is +1.4% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,745/mo
as of 2026-08
Year-over-Year Change
+1.4%
24-Month Rent Trend
Monthly ZORI index values for Panama City, FL.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,745 | +0.06% |
| 2026-07 | $1,744 | +0.69% |
| 2026-06 | $1,732 | +1.23% |
| 2026-05 | $1,711 | +0.65% |
| 2026-04 | $1,700 | +0.83% |
| 2026-03 | $1,686 | +0.36% |
| 2026-02 | $1,680 | -0.36% |
| 2026-01 | $1,686 | +0.24% |
| 2025-12 | $1,682 | -0.94% |
| 2025-11 | $1,698 | -0.64% |
| 2025-10 | $1,709 | -0.87% |
| 2025-09 | $1,724 | +0.17% |
| 2025-08 | $1,721 | +0.00% |
| 2025-07 | $1,721 | +0.23% |
| 2025-06 | $1,717 | +0.76% |
| 2025-05 | $1,704 | +1.19% |
| 2025-04 | $1,684 | +0.96% |
| 2025-03 | $1,668 | -0.24% |
| 2025-02 | $1,672 | +0.18% |
| 2025-01 | $1,669 | -0.48% |
| 2024-12 | $1,677 | -0.47% |
| 2024-11 | $1,685 | -1.69% |
| 2024-10 | $1,714 | -1.21% |
| 2024-09 | $1,735 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices