Cove Terrace Real Estate Market Overview

Could Cove Terrace, Panama City, FL be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about Cove Terrace. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular neighborhoods... near Cove Terrace such as Gulf Coast Development and Bunkers Cove. When you’re ready, Trulia has 6 resale and new homes in Cove Terrace lined up for you, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$130,000

Median Sales Price

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$128

Price Per Sqft

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$1,400

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in Cove Terrace show a -60% year-over-year drop in median sales price and a 17% rise in median rent per month.

Median Sales Price
The median sales price for homes in Cove Terrace for May 24 to Aug 23 was $130,000 based on 5 home sales.
Price Per Square Ft.
Average price per square foot for Cove Terrace was $128, a decrease of -10% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in Cove Terrace for Jul 24 to Aug 24 was $1,400.

Crime

Most frequent crimes in the past year

Cove Terrace has very low crime relative to the rest of Bay County.

Knowing more about crime activity in and around Cove Terrace can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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17

Counts of Theft

11

Counts of Assault

5

Counts of Burglary


Best Schools in Cove Terrace

There are 3 schools in Cove Terrace.

Elementary Schools
1

Merriam Cherry Street Elementary School

Public, PK-5

Middle Schools
2

Jinks Middle School

Public, 6-8

High Schools
4

Bay High School

Public, 9-12


Demographics

Get to know your neighbors in Cove Terrace by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
37%
Single residents
Home owners
68%
Home owners
Median age
47
Median age
Household income
$51,345
Median household income
College educated
59%
College educated

Commute

Most people in Cove Terrace commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
99% commute by car
0% commute by bike
0% commute by public transportation
1% commute by foot

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