Zip 62557 (Pana, IL) Housing

Pana, IL (62557) has a median housing value of $88,600 which is significantly lower than the US housing median value of $338,100. However, Pana has outpaced national trends in house appreciation with a 1 year appreciation rate of 10.25% compared to the 8.27% rate for the US as a whole. This higher rate of house appreciation implies that Pana may be an attractive investment opportunity for those looking to invest in real estate.

The median home cost in Pana (zip 62557) is $88,600. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Pana (zip 62557) is up 11.6%.

Average Age of Homes

- The median age of Pana (zip 62557) real estate is 59 years old

The Rental Market in Pana (zip 62557)

- Renters make up 21.5% of the Pana (zip 62557) population
- 2.6% of houses and apartments in Pana (zip 62557), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Pana, Illinois	United States
	3,670.0	139,647,020.0
	62	42
	$88,600	$338,100
	11.6%	16.6%
	29.0%	57.0%
	33.9%	101.1%
	$19.46	$10.98
	$1,759	$2,690
	64.7%	57.4%
	19.0%	11.2%
	16.3%	31.4%
Vacant Housing
	2.6%	1.9%
	0.0%	0.4%
	2.3%	0.7%
	1.6%	0.4%
	7.3%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	11.2%	2.4%
	8.1%	2.8%
	21.1%	3.9%
	12.0%	4.5%
	16.2%	11.3%
	13.5%	13.0%
	12.7%	20.1%
	1.7%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.3%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	9.2%	13.6%
	7.3%	13.2%
	13.1%	14.8%
	9.2%	13.6%
	15.3%	10.0%
	8.1%	4.7%
	27.4%	12.2%

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