Parker, Florida.
Typical home $237,795 (+3.5% in a year), asking rent $1,726 (+0.4%). Panama City, FL metro.
to buy the typical home at today's mortgage rate — +$736 (+144%) since Jan 2020.
- 1 year
- Up $8,060 +4%
- $229,735$237,795 since Sep 2025
- 5 years
- Up $45,140 +23%
- $192,654$237,795 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Parker$1,248
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Parker, FL rose 3.5% over the past year — faster than the nation's +1.2%.
Asking rents in Parker, FL rose 0.4% over the past year — slower than the nation's +2.7%.
Owning the typical home in Parker runs $108/mo less than renting one. The gap peaked at $258 in Dec 2025.
That is $1,618 a month against $1,726 rent: a $1,248 mortgage payment, plus $115 property tax and $255 insurance & upkeep.
Owning vs renting — Parker
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,618
- Renting$1,726
- Mortgage only$1,248
Property tax · $115/mo 0.58% of value a year — the ACS 2020-2024 median bill over the median home value for Bay County, FL
Insurance & upkeep · $255/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Parker, Bay County, Florida
Parker is a city of 4,010 people in Bay County. Half its households earn more than $69,657 a year and half less, against $73,533 across Bay County; 7% of its people live below the poverty line. 54% of its homes are lived in by their owners and 46% are rented. Unemployment in Bay County was 4.4% in August 2026, and the county had 0.7% more jobs in 2025 than the year before. The most people in Bay County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Parker is a small city in Bay County, Florida, with homes that are a little more often rented than owned. Household incomes run somewhat below the county's, and typical rents are high next to typical home values. Winters are mild, with January the coolest month, and summers are hot, with July the warmest.
Work. Residents work mostly in schools, hospitals and social care, in shops, in restaurants, hotels and entertainment, and in professional and business services. Across Bay County, some of the largest workplaces are BAY Schools, HCA Florida Gulf Coast Hospital and Eastern Shipbuilding Group Nelson. Fewer adults here hold a four-year degree than hold none, and the typical commute is a fairly short drive.
Things to do. St. Andrews State Park, a protected area of shoreline, is a short drive away. A longer drive leads to Gulf World Marine Park, an aquarium, and to Miracle Strip Amusement Park. Camp Helen State Park, another protected area, is also a longer drive away.
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- 1,923households
- 23%of adults have a degree
- 7%below the poverty line
- 24 mintypical commute
- 8%work from home
What people in Bay County work in
Employed residents by industry, from the Census survey. Bay County had 83,251 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 63° and lows near 45°; warmest in July, with highs near 90° and lows near 76°.
Average daily high and low, 1991–2020, at the Panama City Bay County Airport weather station, 8 miles away (NOAA).
Largest employers in Bay County
- Bay District Schools3,900
- Tyndall Air Force Base2,818
- Walmart1,717
- Bay Hospital (formerly LHP Bay County)1,240
- Eastern Shipbuilding1,090
- Ascension Health Services (formerly Gulf Coast)800
- Publix Supermarkets780
- Trane738
From Bay County’s annual financial report for 2024, its schedule of principal employers (its source: “FloridaJobs.org”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- HurricanesVery high
- LightningVery high
- TornadoesRelatively high
- Coastal floodingRelatively moderate
- Cold wavesRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Parker’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Bay County and the Panama City, FL metro.
Parker home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Parker$237,795
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 3 Parker listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Parker30.87%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Parker32
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Parker address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Parker — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.