Callaway, FL housing market
The typical Callaway home is worth about $266,000, up 0.6% in a year, 29% below the Florida typical home. Homes typically sell in 86 days, close to asking.
Home values, sales, trends and how Callaway compares with the towns next door — updated as new data is published.
Callaway at a glance
A buyer's market
More homes are for sale than are selling — about 6 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Callaway | Florida |
|---|---|---|
| 2017 | $152,000 | $209,000 |
| 2018 | $162,000 | $226,000 |
| 2019 | $173,000 | $242,000 |
| 2020 | $170,000 | $253,000 |
| 2021 | $204,000 | $276,000 |
| 2022 | $232,000 | $340,000 |
| 2023 | $261,000 | $392,000 |
| 2024 | $270,000 | $402,000 |
| 2025 | $268,000 | $397,000 |
| 2026 | $262,000 | $377,000 |
| August 2026 | $266,000 | $376,000 |
133 new homes permitted in 2025
Builders were permitted 133 new homes in Callaway in 2025: 121 single-family houses and 12 in buildings with two or more homes, worth about $37.2 million to build. That's 9.9 per 1,000 residents, about the pace of Florida as a whole. Over the past 10 years, Callaway has permitted 655 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Callaway's population fell by 1,360 even though 214 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Florida: 2.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 75 | 64 | 11 | $20.2 million |
| 2025 | 133 | 121 | 12 | $37.2 million |
| 2024 | 79 | 64 | 15 | $20.1 million |
| 2023 | 62 | 62 | 0 | $12.1 million |
| 2022 | 67 | 67 | 0 | $13.1 million |
| 2021 | 79 | 79 | 0 | $15.4 million |
| 2020 | 69 | 69 | 0 | $13.4 million |
| 2019 | 55 | 55 | 0 | $10.7 million |
| 2018 | 54 | 54 | 0 | $10.5 million |
| 2017 | 48 | 48 | 0 | $9.4 million |
| 2016 | 9 | 5 | 4 | $1.9 million |
| 2015 | 25 | 25 | 0 | $4.4 million |
| 2014 | 3 | 3 | 0 | $260,000 |
| 2013 | 3 | 3 | 0 | $260,000 |
| 2012 | 3 | 3 | 0 | $260,000 |
| 2011 | 6 | 6 | 0 | $435,000 |
| 2010 | 8 | 8 | 0 | $904,000 |
| 2009 | 11 | 11 | 0 | $1.4 million |
| 2008 | 23 | 23 | 0 | $3.8 million |
| 2007 | 28 | 28 | 0 | $3.6 million |
| 2006 | 69 | 67 | 2 | $8.7 million |
| 2005 | 69 | 67 | 2 | $8.7 million |
| 2004 | 35 | 35 | 0 | $4 million |
| 2003 | 38 | 38 | 0 | $4.5 million |
Callaway's permit office reported 7 of 12 months in 2025; the Census estimated the rest.
How Callaway ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Callaway and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Callaway | $266K | +0.6% | $1,600 | 133 | $65,609 |
| Springfield | $218K | 0% | $1,560 | 10 | $54,462 |
| Parker | $239K | +2.9% | $1,600 | 0 | $69,657 |
4.1 years of income
The typical Callaway home costs about 4.1 years of the town's median household income, less than across Florida (5 years).
How Callaway ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,600
HUD's Fair Market Rent for a two-bedroom in Callaway is $1,600 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Callaway pay a median of $1,322, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $1,360 · 4 bedrooms $2,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32404; Panama City, FL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.