Zip 62077 (Panama, IL) Housing

Housing in Panama, IL (zip code 62077) is much more affordable than the US median value. The median house price in Panama is $74,100, while the US median value is $338,100. House appreciation over the past year has been similar for both Panama and the US as a whole with 7.96% and 8.27%, respectively. Therefore, housing in this area of Illinois can provide great opportunities for those looking to purchase an affordable home.

The median home cost in Panama (zip 62077) is $74,100. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Panama (zip 62077) is up 10.0%.

Average Age of Homes

- The median age of Panama (zip 62077) real estate is 78 years old

The Rental Market in Panama (zip 62077)

- Renters make up 11.0% of the Panama (zip 62077) population
- 0.0% of houses and apartments in Panama (zip 62077), 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	Panama, Illinois	United States
	137.0	139,647,020.0
	78	42
	$74,100	$338,100
	10.0%	16.6%
	35.8%	57.0%
	42.8%	101.1%
	$18.60	$10.98
	$742	$2,690
	73.7%	57.4%
	17.5%	11.2%
	8.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	2.9%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	14.6%	4.1%
Value of Owner-Occupied Housing
	7.9%	2.6%
	23.8%	2.4%
	19.8%	2.8%
	17.8%	3.9%
	18.8%	4.5%
	8.9%	11.3%
	2.0%	13.0%
	1.0%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.4%	13.6%
	4.4%	13.6%
	1.5%	13.6%
	6.6%	13.2%
	16.8%	14.8%
	1.5%	13.6%
	10.9%	10.0%
	4.4%	4.7%
	48.9%	12.2%

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