The housing market in Panama, OK is thriving. The median value of housing in the area is currently at $92,700, which is significantly lower than the US median value of $338,100. However, what makes this area particularly attractive for potential homeowners or investors is the fact that it has a one year house appreciation rate of 13.34%, which is higher than the US national rate of 8.27%. This makes Panama, OK a desirable place to invest in housing and suggests that there could be great returns in the future for those who do so.
The median home cost in Panama is $92,700. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Panama is up 14.5%.
Average Age of Homes
- The median age of Panama real estate is 39 years old
The Rental Market in Panama
- Renters make up 27.1% of the Panama population
- 1.4% 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.