Zip 14767 (Panama, NY) Housing

The housing market in Panama, NY (zip code 14767) is doing relatively well compared to the national average. The median value of homes in Panama is $152,000 which is significantly lower than the national median of $338,100. However, over the past year, house appreciation in Panama has been 12.09%, slightly higher than the US' 8.27% appreciation rate. This indicates that the housing market in Panama is appreciating more quickly than the overall US market and may be a good opportunity for potential home buyers or investors.

The median home cost in Panama (zip 14767) is $152,000. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Panama (zip 14767) is up 14.6%.

Average Age of Homes

- The median age of Panama (zip 14767) real estate is 49 years old

The Rental Market in Panama (zip 14767)

- Renters make up 16.7% of the Panama (zip 14767) population
- 0.8% of houses and apartments in Panama (zip 14767), 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, New York	United States
	854.0	139,647,020.0
	48	42
	$152,000	$338,100
	14.6%	16.6%
	55.4%	57.0%
	64.5%	101.1%
	$22.51	$10.98
	$2,544	$2,690
	79.2%	57.4%
	8.0%	11.2%
	12.9%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	5.0%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	6.2%	2.4%
	5.2%	2.8%
	14.2%	3.9%
	11.4%	4.5%
	31.8%	11.3%
	9.6%	13.0%
	10.4%	20.1%
	5.5%	13.6%
	4.6%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	8.8%	13.6%
	9.4%	13.2%
	17.3%	14.8%
	8.8%	13.6%
	2.6%	10.0%
	2.8%	4.7%
	35.4%	12.2%

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