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Cedar Grove, FL Home Values and Rents
The median home value in Cedar Grove is $176,100, 681st highest of 768 cities and towns in Florida. Median rent is $1,420 a month.
- Median home value
- $176,100
- 681st of 768 in FL
- Median rent
- $1,420/mo
- ACS 2020-2024
- Price change, 1 year
- +2.4%
- County index, 2025
- Homeownership
- 66.6%
- FL: 67.6%
Home sale prices in the Panama City-Panama City Beach, FL area
Zillow median sale price, Sep 2026
$335,695-6.8% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Bay County home price trend
FHFA annual House Price Index for Bay County, 2000 = 100, compared with Florida
Show as a table
| Period | Bay County |
|---|---|
| 2025 | 309 |
| 2024 | 302 |
| 2023 | 304 |
| 2022 | 281 |
| 2021 | 232 |
| 2020 | 208 |
| 2019 | 196 |
| 2018 | 181 |
| 2017 | 164 |
| 2016 | 159 |
| 2015 | 148 |
| 2014 | 142 |
| 2013 | 133 |
| 2012 | 131 |
| 2011 | 136 |
Over five years, Bay County prices changed +48.4%, compared with +37.5% for Florida.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 32405 | $279,900 | $1,467 | +1.5% | +40.3% |
Fair Market Rents, FY2027
HUD rent standard for Panama City, FL HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,414 | -0.8% |
| 1 bedroom | $1,517 | +2.5% |
| 2 bedrooms | $1,651 | -1.8% |
| 3 bedrooms | $2,101 | -3.1% |
| 4 bedrooms | $2,567 | -4.5% |
Frequently asked questions
- What is the median home value in Cedar Grove, FL?
- The median home value in Cedar Grove is $176,100, based on the American Community Survey 2020-2024 5-year estimates. The Florida median is $359,000.
- How much is rent in Cedar Grove?
- The median rent in Cedar Grove is $1,420 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,651.
- Are home prices going up in Cedar Grove?
- Home prices in Bay County changed +2.4% over one year and +48.4% over five years, as of 2025.
- How does Cedar Grove compare with the rest of Florida?
- Cedar Grove has the 681st highest median home value of 768 cities and towns with 1,000+ residents in Florida.
- Which ZIP code in Cedar Grove has the highest home values?
- ZIP code 32405 has the highest median home value at $279,900.