Rent to own Homes in Panama City, FL

Panama City has a lot to offer its residents. St. Andrews State Park is home to a beach that has been voted one of the world's best. It combines dunes, forest and miles of hiking trails, creating a great place to soak up the sun on one the 320 days of sunshine Panama City sees annually. For those who don't enjoy lazy days on the beach, there are some great scuba adventures here in the Wreck Capital of the South.

Panama City, FL is a great place for affordable rent-to-own homes! With a median household income of over $48,185 and a median rent of $964, the Panama City, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Panama City, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Panama City, FL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
707 W 8th St
Rent To Own
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
4
2
1642 ft2
1974
Hot
1 of 8 200 HUGH THOMAS DR
Rent To Own
Grimes Callaway Bayou Estates
Single Family Home
Panama City, FL 32404
3
2
2557 ft2
1988
917 ROSEMONT DR
Rent To Own
Huntingdon Estates
Single Family Home
Panama City, FL 32405
3
2
1869 ft2
1976
3303 COUNTRY CLUB DR
Rent To Own
Country Club Harbour Estates
Single Family Home
Lynn Haven, FL 32444
3
4
3919 ft2
1990
110 Swan Rd
Rent To Own
 
Single Family Home
Panama City, FL 32404
3
2
1646 ft2
1962
2800 WOODMERE DR
Rent To Own
Forest Park East
Single Family Home
Panama City, FL 32405
4
4
3224 ft2
1991
117 Glades Turn Panama
Rent To Own
Panama City Beach
Single Family Home
Panama City Beach, FL 32407
3
2
1636 ft2
1993
1 of 32 10611 FRONT BEACH RD
Rent To Own
Long Beach Resort
Townhouse/Condo
Panama City Beach, FL 32407
4
4
1637 ft2
2006
1618 MONTANA AVE
Rent to Own Eligible
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
3
2
1741 ft2
1969
New
4814 STELLATA LN
Rent to Own Eligible
Magnolia Bay Club Community
Single Family Home
Panama City, FL 32408
3
3
1890 ft2
2014
New
1408 CLAY AVE
Rent to Own Eligible
St. Andrews
Townhouse/Condo
Panama City, FL 32401
4
2
1610 ft2
1977
122 N COVE BLVD
Rent to Own Eligible
Bunkers Cove
Single Family Home
Panama City, FL 32401
3
3
1948 ft2
1941
4709 MILLSTONE TRL
Rent to Own Eligible
Grants Mill
Single Family Home
Lynn Haven, FL 32444
3
2
3350 ft2
2005
105 ALLEN AVE #65
Rent to Own Eligible
Bunkers Cove
Townhouse/Condo
Panama City, FL 32401
1
1
924 ft2
1983
1 of 50 121 PARKER VILLAGE CIR
Rent to Own Eligible
Parker
Single Family Home
Panama City, FL 32404
2
2
1296 ft2
1994
New
2100 CORAL DR
Rent to Own Eligible
North Harbour
Single Family Home
Lynn Haven, FL 32444
3
2
2566 ft2
1987
New
4300 BAY POINT RD #415
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
2
2
1300 ft2
1980
1 of 77 1416 INVERNESS RD
Rent to Own Eligible
Mowat Highlands
Single Family Home
Lynn Haven, FL 32444
3
2
1894 ft2
1999
901 COOKS ST
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32404
3
2
3920 ft2
2020
2510 STATE AVE
Rent to Own Eligible
Northgate Resubdivision
Single Family Home
Panama City, FL 32405
4
3
2781 ft2
1982
New
1418 EVERITT AVE
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32401
3
1
1050 ft2
1932
New
4100 COBALT CIR #SF1
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
3
4
2065 ft2
2007
1320 N EAST AVE #302
Rent to Own Eligible
 
Townhouse/Condo
Panama City, FL 32401
2
2
844 ft2
1985
New
2603 MYSTIC LN #PO41
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
3
3
1608 ft2
2007
New
2407 GRANDIFLORA BLVD
Rent to Own Eligible
Magnolia Bay Club Community
Single Family Home
Panama City, FL 32408
4
3
2000 ft2
2014
5626 N LAKEWOOD DR
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
2
1479 ft2
1969
1 of 32 809 FLIGHT AVE
Rent to Own Eligible
Towne & Country Lake Estates
Single Family Home
Panama City, FL 32404
3
2
1611 ft2
1987
119 CANDLEWICK CIR
Rent to Own Eligible
Candlewick Acres
Single Family Home
Panama City, FL 32405
3
2
1704 ft2
1988
1515 COUNTRY CLUB DR
Rent to Own Eligible
Bay Breeze
Single Family Home
Lynn Haven, FL 32444
4
3
2344 ft2
1992
683 CYPRESS AVE
Rent to Own Eligible
Old Orchard
Single Family Home
Panama City, FL 32401
4
2
2296 ft2
1945
1308 SUTHERLAND CT
Rent to Own Eligible
Mowat Highlands
Single Family Home
Lynn Haven, FL 32444
3
2
2335 ft2
1997
1618 BRITTON RD
Rent to Own Eligible
 
Single Family Home
Lynn Haven, FL 32444
4
3
2675 ft2
1994
New
2612 PAIGE CIR
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32405
4
3
1828 ft2
2016
1 of 64 6103 EDITH STEPHENS DR
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32404
3
2
1785 ft2
2014
722 JOAN LN
Rent to Own Eligible
Towne & Country Lake Estates
Single Family Home
Panama City, FL 32404
3
2
1248 ft2
1993
1 of 68 506 REDBIRD ST
Rent to Own Eligible
Pine Forest Estates
Single Family Home
Lynn Haven, FL 32444
3
2
1596 ft2
1986
511 BOB LITTLE RD
Rent to Own Eligible
Martin Bayou Estates
Single Family Home
Panama City, FL 32404
3
2
1320 ft2
1962
New
902 E 8TH ST
Rent to Own Eligible
 
Single Family Home
Lynn Haven, FL 32444
1
1
784 ft2
2010
1 of 103 404 SPRING AVE
Rent to Own Eligible
Pinecrest Addition To Panama City
Single Family Home
Panama City, FL 32401
2
1
864 ft2
1930
New
3319 COUNTRY CLUB DR
Rent to Own Eligible
Country Club Harbour Estates
Single Family Home
Lynn Haven, FL 32444
3
2
2019 ft2
1993
2610 E 37TH ST
Rent to Own Eligible
Hawks Landing
Single Family Home
Panama City, FL 32405
3
2
2046 ft2
1963
4805 CHEROKEE HEIGHTS RD
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32404
3
2
1722 ft2
1966
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Buying a Home in Panama City, FL

Panama City, FL is seeing rapid growth and Panama City, FL's' housing market remains optimal with an average home price that is -22% below the 2024 national average. Panama City, FL is part of Bay county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Bay is 0.61% which is below the national average, which is 0.99%.

Median Home Price in Panama City, FL

Median Rent in Panama City, FL

Rent to own homes offer low monthly payments and flexible terms.

Top 3 Reasons to Live in Panama City, FL

Affordable housing! Because it is a popular vacation destination, Panama City has many unoccupied properties, making it easier to find affordable options. Neighborhoods like Open Sands or Summerwood can give new residents a house priced below typical market value. Of course, many are also rental properties that sit vacant for months out of the year. This can create an ideal market for finding rent to own housing options.

Enjoy living in a cultural Mecca! Museums, art, live theater and other attractions abound in this quaint vacation town. Theater lovers can enjoy a show at the Martin Theatre, while history buffs can get inside the head of a pioneer at the Panhandle Pioneer Settlement. The settlement offers life-sized, historically accurate buildings, so visitors can experience what pioneer life was like. Panama City also provides many great shopping opportunities at places like Miracle Strip at Pier Park. As the home of the only deep water dive museum, Museum of Man in the Sea, Panama City has many unique attractions to keep residents entertained all year long.

Plenty of space! With the price per square foot of living space at just $145, it is possible to get a lot of room for minimal cost. Areas like Laguna Beach on the Gulf of Mexico and Long Beach Resort have large houses, expansive yards, and reasonable prices. For those who enjoy entertaining or want to have a home close to the beach without paying for an ocean view, these properties are ideal. Many include enclosed porches or landscaped patios to make entertaining easier. They are also far enough away from the beach to help minimize the tourist traffic.