The housing market in Panama, IL is more affordable than the US median value of $338,100. The median value of housing in the town is only $67,100. Although homes appreciate less in Panama than the US average, 1 year appreciation still stands at 7.96%. This makes Panama a great place to purchase a home for those looking for affordability and stability.
The median home cost in Panama is $67,100. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Panama is up 10.0%.
Average Age of Homes
- The median age of Panama real estate is 78 years old
The Rental Market in Panama
- Renters make up 11.0% of the Panama population
- 0.0% of houses and apartments in Panama, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.