Panama—74951
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Panama
Panama lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $117,000 | 6.5% |
| Single Family | $117,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $133,000 | 5.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Panama
As of July '25, Rentcast reports the average rent in Panama is $1,500, with a year-over-year rent change of 87.5%. Per bedroom, the median rent as of July '25 in Panama is 3-bedrooms: $1,500. The most common rental property sizes in Panama are 3-bedroom and 2-bedroom, accounting for 50.9% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Panama
Panama lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.4% | N/A |
Days on Market | N/A | N/A |
Demographics — Panama
As of the latest ACS Survey released in 2023, Panama has a population of 1,560, which has increased by 19.3% over the past 5 years. Panama is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 6.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,560 | 19.3% |
% Under 18 | 29.6% | 13.0% |
% Seniors | 18.7% | 6.2% |
% WFH | 8.1% | 636.4% |
% w/ College Degree | 6.9% | -18.8% |
As of the latest ACS Survey released in 2023, Panama is a predominantly white area, with 65.0% of the population identifying as white. The white population has shrunk by 15.9% in the last 5 years. The second most common race or ethnicity in Panama is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.0% of the population in Panama, and this percentage has decreased by 70.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.0% | -15.9% |
% Black | 0.2% | -94.4% |
% Hispanic | 3.8% | 58.3% |
% Asian | 0.6% | -66.7% |
% Foreign Born | 1.0% | -70.6% |
Mortgage and Risk — Panama
Panama lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Panama
Panama lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | -$130 | $1,500 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Panama
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $117,000 |
| Median Household Income | $50,800 |