The housing market in Panama, IA is currently experiencing a period of strong growth. According to recent data, the median value of houses in Panama, IA is $183,100, which is significantly lower than the US median value of $338,100. However, over the past year house appreciation in Panama has been much higher at 15.23%, compared to the US average of 8.27%. This shows that Panama's housing market is experiencing an increase in demand and values are rising accordingly. Therefore, now may be a good time for potential buyers in Panama to consider purchasing property there.
The median home cost in Panama is $183,100. Home appreciation the last 10 years has been 69.7%. Home Appreciation in Panama is up 15.4%.
Average Age of Homes
- The median age of Panama real estate is 54 years old
The Rental Market in Panama
- Renters make up 10.9% of the Panama population
- 4.0% 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.