Housing in Panama, IL
Home values, rent, ownership rates, and housing market data
Panama vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Panama is highlighted.
Median Home Value
5th%ilemost expensive$60,800show rank
Median Rent
35th%ilemost expensive rent$833show rank
Rent Burden
36th%ilehighest rent burden16.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$60,800
Median Rent
$833
Total Housing Units
164
Vacancy Rate
9.2%
Owner Occupied
85.9%
Renter Occupied
14.1%
Median Property Tax
$889
per year
Monthly Cost (w/ Mortgage)
$486
Housing Types
Single Family84.2%
Multi-Family0.0%
Mobile Home15.8%
The median home value in Panama, IL is $60,800. The median rent is $833 per month (Census ACS). About 85.9% of housing units are owner-occupied. The median year homes were built is 1946. There are 164 total housing units.