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 176
1 of 12 2401 15th st west
Rent To Own
Hursts Replat
Multifamily (2 - 4 Units)
Panama City, FL 32405
8
2
2628 ft2
1952
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
New
707 W 8th St
Rent To Own
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
4
2
1642 ft2
1974
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
2601 MYSTIC LN #PO64
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
2
2
1322 ft2
2007
4100 MARRIOTT DR #111
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
2
2
1458 ft2
2007
4100 MARRIOTT DR #412
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
3
3
2099 ft2
2007
4125 MAGNOLIA BEACH RD
Rent to Own Eligible
Upper Grand Lagoon
Single Family Home
Panama City, FL 32408
3
2
1283 ft2
2003
4717 BIGLEAF LN
Rent to Own Eligible
Magnolia Bay Club Community
Single Family Home
Panama City, FL 32408
4
3
2304 ft2
2013
New
509 PALERMO RD
Rent to Own Eligible
Venetian VIllas
Single Family Home
Panama City, FL 32405
3
3
1471 ft2
1983
1 of 215 4100 MARRIOTT DR
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
2
2
1458 ft2
2007
4138 COBALT CIR #RO12
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
4
4
2855 ft2
2007
New
1 of 44 3229 AZALEA CIR
Rent to Own Eligible
Hammocks
Single Family Home
Lynn Haven, FL 32444
4
3
2061 ft2
2001
New
921 MCKENZIE AVE
Rent to Own Eligible
Panama City Downtown North
Single Family Home
Panama City, FL 32401
3
2
1112 ft2
1930
4321 LEGEND PL #4
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
3
2
1636 ft2
1997
4305 BAY POINT RD #469
Rent to Own Eligible
Upper Grand Lagoon
Townhouse/Condo
Panama City, FL 32408
2
2
1565 ft2
1980
408 N MACARTHUR AVE
Rent to Own Eligible
Panama City Downtown North
Single Family Home
Panama City, FL 32401
4
2
1581 ft2
1944
1110 MISSISSIPPI AVE
Rent to Own Eligible
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
3
2
1331 ft2
2007
New
409 N GRAY AVE
Rent to Own Eligible
Pinecrest Addition To Panama City
Townhouse/Condo
Panama City, FL 32401
5
4
2379 ft2
1951
250 E 3RD PL
Rent to Own Eligible
Bunkers Cove
Single Family Home
Panama City, FL 32401
3
4
2764 ft2
2003
New
328 W 35TH CT
Rent to Own Eligible
State Palms
Single Family Home
Panama City, FL 32405
3
2
1570 ft2
1983
1600 MARINA BAY DR #209
Rent to Own Eligible
 
Townhouse/Condo
Panama City, FL 32409
3
3
1975 ft2
2001
3704 W 17TH ST
Rent to Own Eligible
Bay VIew Addition
Single Family Home
Panama City, FL 32401
3
2
1706 ft2
1947
2706 RAVENWOOD CT
Rent to Own Eligible
Ravenwood
Single Family Home
Lynn Haven, FL 32444
3
2
1594 ft2
1988
2007 PATTHO LN
Rent to Own Eligible
Gulf Coast VIllage
Single Family Home
Lynn Haven, FL 32444
3
2
1443 ft2
1988
New
207 ALLEN AVE
Rent to Own Eligible
Bunkers Cove
Single Family Home
Panama City, FL 32401
3
3
1980 ft2
1955
4537 HIGHWAY 389
Rent to Own Eligible
Lynn Haven
Single Family Home
Panama City, FL 32404
4
3
1799 ft2
1991
New
2410 E 16TH CT
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32405
2
1
888 ft2
1959
1705 MARYLAND AVE
Rent to Own Eligible
North Ridge Phase One
Single Family Home
Lynn Haven, FL 32444
3
2
1975 ft2
1988
New
1808 MILLWOOD LN
Rent to Own Eligible
Britton Woods Subdivision
Single Family Home
Lynn Haven, FL 32444
3
2
1681 ft2
2001
1208 EMORY DR
Rent to Own Eligible
Forest Park
Single Family Home
Panama City, FL 32405
3
2
1404 ft2
1957
818 RADCLIFF AVE
Rent to Own Eligible
 
Single Family Home
Lynn Haven, FL 32444
4
4
3374 ft2
1986
2307 FOXWORTH DR
Rent to Own Eligible
King's Point
Single Family Home
Panama City, FL 32405
3
2
3348 ft2
2001
1309 NEW YORK AVE
Rent to Own Eligible
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
3
3
1593 ft2
2004
New
2731 E 14TH ST
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32401
3
2
1228 ft2
2009
New
105 ALLEN AVE #65
Rent to Own Eligible
Bunkers Cove
Townhouse/Condo
Panama City, FL 32401
1
1
924 ft2
1983
Hot
3116 MEADOW ST
Rent to Own Eligible
Hammocks
Single Family Home
Lynn Haven, FL 32444
2
2
1269 ft2
2001
1304 NEW JERSEY AVE
Rent to Own Eligible
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
4
2
2194 ft2
2000
New
1 of 27 1905 W 29TH ST
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32405
3
2
1530 ft2
1962
704 MISSOURI AVE
Rent to Own Eligible
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
4
4
3066 ft2
2000
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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.