Panora, IA—50216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Panora, IA
As of Oct '25, the median home price in Panora, IA is $469,000, with a year-over-year change of 3.1%. This indicates that home prices in Panora, IA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $469,000 | 3.1% |
| Single Family | $477,000 | 2.6% |
| Condos | $451,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $304,000 | 3.1% |
3 Bed | $457,000 | 2.9% |
4 Bed | $688,000 | 4.7% |
| 5 Bed | $939,000 | 6.0% |
% of Housing Stock
Rental Trends — Panora, IA
Panora, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,100 |
| Studio Rent | $1,250 | $1,260 |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | $825 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Panora, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Panora, IA is 62. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $610,000 | 12.0% |
Listing Count | 30 | 22.0% |
| Listings as % of Homes | 0.9% | 22.0% |
Days on Market | 62 | 18.0% |
Demographics — Panora, IA
As of the latest ACS Survey released in 2023, Panora, IA has a population of 2,810, which has increased by 14.4% over the past 5 years. Panora, IA is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,810 | 14.4% |
% Under 18 | 20.9% | 11.2% |
% Seniors | 25.9% | -13.4% |
% WFH | 13.5% | 84.9% |
% w/ College Degree | 27.7% | -5.5% |
As of the latest ACS Survey released in 2023, Panora, IA is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Panora, IA is hispanic, making up 1.9% of the population. Foreign-born residents account for 1.1% of the population in Panora, IA, and this percentage has increased by 266.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.9% | -1.1% |
% Black | 1.0% | ∞% |
% Hispanic | 1.9% | -5.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.1% | 266.7% |
Mortgage and Risk — Panora, IA
According to HUD data as of 2023, there were 105 mortgage originations in Panora, IA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Panora, IA. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 105 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Panora, IA
Panora, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $700 | $950 |
| 2 Bedroom | $305 | $825 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,520 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Panora, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $469,000 |
| Median Household Income | $91,200 |