Panama, NY—14767
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Panama, NY
As of Nov '25, the median home price in Panama, NY is $184,000, with a year-over-year change of 2.5%. This indicates that home prices in Panama, NY are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | 2.5% |
| Single Family | $184,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | 1.9% |
3 Bed | $190,000 | 2.7% |
4 Bed | $213,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Panama, NY
Panama, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Panama, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Panama, NY is 26. This is a decrease of -57.0% from last year, suggesting that homes are sitting on the market shorter 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 | $84,900 | -31.0% |
Listing Count | 4 | 100.0% |
| Listings as % of Homes | 0.2% | 100.0% |
Days on Market | 26 | -57.0% |
Demographics — Panama, NY
As of the latest ACS Survey released in 2023, Panama, NY has a population of 2,160, which has remained stable by 0.5% over the past 5 years. Panama, NY is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,160 | 0.5% |
% Under 18 | 26.7% | -22.6% |
% Seniors | 14.1% | -10.2% |
% WFH | 8.0% | -4.8% |
% w/ College Degree | 13.1% | 14.9% |
As of the latest ACS Survey released in 2023, Panama, NY is a predominantly white area, with 97.3% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Panama, NY is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.5% of the population in Panama, NY, and this percentage has decreased by 28.6% 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 | 97.3% | -0.4% |
% Black | 0.0% | N/A |
% Hispanic | 1.3% | -43.5% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.5% | -28.6% |
Mortgage and Risk — Panama, NY
According to HUD data as of 2023, there were 21 mortgage originations in Panama, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Panama, NY. Investor activity is low, as 0.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 24.0% |
Rentals and Section 8 — Panama, NY
Panama, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | $720 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Panama, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $184,000 |
| Median Household Income | $62,900 |