The housing market in Panora, IA is thriving with the median value at $407,400, which is significantly higher than the US house median value of $338,100. This difference is even more pronounced when looking at the appreciation rate of houses over the past year with Panora seeing a 13.50% increase while the US saw only 8.27%. Clearly, Panora has seen great growth in its housing sector recently and it looks like this trend will continue into the future.
The median home cost in Panora is $407,400. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Panora is up 15.8%.
Average Age of Homes
- The median age of Panora real estate is 47 years old
The Rental Market in Panora
- Renters make up 25.4% of the Panora population
- 4.4% of houses and apartments in Panora, 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.