- 2 bd
- 1 ba
- 840 sqft

The average Cedar Grove, FL home value is $312,449, down 0.6% over the past year. (Updated on )
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Typical Home Values: $312,449
1-Year Value Change: -0.6%
(Data through September 30, 2026)
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
The neighborhoods with the highest median home values in Panama City, FL include: Pretty Bayou ($356,951), Cedar Grove ($312,449), Hiland Park ($215,856).
The neighborhoods with the lowest median home values in Panama City, FL include: Hiland Park ($215,856), Cedar Grove ($312,449), Pretty Bayou ($356,951).
Neighborhoods with the highest year-over-year value growth in Panama City, FL include: Pretty Bayou (4.3%).