What is the Best Neighborhoods USA ranking for Cedar Grove?
Cedar Grove is ranked No published Panama City rank is currently available; #535 of 1,145 eligible neighborhoods in FL; and #9,070 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Cedar Grove
Panama City, FL | Bay County
Scored premium profile
Best Neighborhoods USA Index
46.0
Stability and Strength
45.9
Value Opportunity
51.8
Momentum
37.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Panama City, FL |
| County | Bay County |
| National rank | #9,070 of 14,967 |
| State rank | #535 of 1,145 |
| City rank | Not available |
| County rank | #3 of 5 |
| National percentile | 39.4 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $312,214 |
| Year-over-year home value change | -0.2% |
| Month-over-month home value change | -0.19% |
| Home value to income ratio | 4.05 |
| Median household income | $77,027 |
| Bachelor's degree or higher | 18.8% |
| Civilian unemployment rate | 4.7% |
| Homeownership rate | 66.9% |
| Housing vacancy rate | 9.1% |
| Rent burden 30% or higher | 44.0% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Cedar Grove
Is Cedar Grove one of the best neighborhoods in Panama City?
Cedar Grove has a Best Neighborhoods USA Index of 46.0 and a city ranking of No published Panama City rank is currently available.
How much are homes worth in Cedar Grove?
The current Zillow Home Value Index for Cedar Grove is approximately $312,214.
Are home values rising or falling in Cedar Grove?
Zillow neighborhood values changed -0.2% year over year and -0.19% month over month.
What is the Neighborhood Momentum Score for Cedar Grove?
Cedar Grove has a Neighborhood Momentum Score of 37.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Cedar Grove?
The NDS-derived neighborhood median household income is approximately $77,027.
How affordable is Cedar Grove relative to household income?
The current Zillow home-value-to-household-income ratio is 4.05. Price-to-income affordability is a major Value Opportunity input.
Is Cedar Grove primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 66.9%.
What is the unemployment rate in Cedar Grove?
The NDS-derived civilian unemployment rate is approximately 4.7%.
How educated are residents of Cedar Grove?
Approximately 18.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Cedar Grove face high rent burden?
Approximately 44.0% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Cedar Grove?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications309
Estimated originations159
Home-purchase applications179
Origination rate51.5%
Home-purchase share58.0%
Average application loan$208,244
Total application loan amount$64,350,696
National application rank#1,133 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.0% YoY; originations -0.3% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.