
Cedar Grove, FL Housing Market
$312,362
0.3% 1-yrThe average Cedar Grove, FL home value is $312,362, down 0.3% over the past year. (Updated on )
What is the Zillow Home Values Index?
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.
Cedar Grove Key Takeaways
Typical Home Values: $312,362
1-Year Value Change: -0.3%
(Data through August 31, 2026)
Cedar Grove Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Hiland Park$219,807
- Pretty Bayou$365,520
- Upper Grand Lagoon$368,186
- Lower Grand Lagoon$419,137
- Rosemary Beach$2,831,757
- Alys Beach$5,899,338
- WaterSound Beach$1,997,177
- Okaloosa Island$522,664
- Cinco Bayou$291,218
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.
Cedar Grove Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are the most expensive neighborhoods in Panama City, FL?
The neighborhoods with the highest median home values in Panama City, FL include: Pretty Bayou ($365,520), Cedar Grove ($312,362), Hiland Park ($219,807).
What are the most affordable neighborhoods in Panama City, FL?
The neighborhoods with the lowest median home values in Panama City, FL include: Hiland Park ($219,807), Cedar Grove ($312,362), Pretty Bayou ($365,520).
Which Panama City, FL neighborhoods have the fastest growing home values?
Neighborhoods with the highest year-over-year value growth in Panama City, FL include: Pretty Bayou (4.3%).



