The housing market in Panama, OK (74951) is a very attractive option for many potential homeowners. The median value of homes in this area is $94,300, which is much lower than the US median value of $338,100. This means that homebuyers can find more affordable options without compromising on quality. Additionally, the 1 year house appreciation rate in Panama is 13.34%, which is higher than the national 1 year house appreciation rate of 8.27%. This indicates that investing in housing here can be a wise decision as the value can potentially increase significantly over time.
The median home cost in Panama (zip 74951) is $94,300. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Panama (zip 74951) is up 14.5%.
Average Age of Homes
- The median age of Panama (zip 74951) real estate is 39 years old
The Rental Market in Panama (zip 74951)
- Renters make up 25.8% of the Panama (zip 74951) population
- 1.3% of houses and apartments in Panama (zip 74951), 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.