Housing in Panama, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$248,655
Panama vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Panama is highlighted.
Median Home Value
31st%ilemost expensive$121,600show rank
Median Rent
49th%ilemost expensive rent$939show rank
Rent Burden
49th%ilehighest rent burden18.4%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$121,600
Median Rent
$939
Total Housing Units
136
Vacancy Rate
8.8%
Owner Occupied
76.6%
Renter Occupied
23.4%
Median Property Tax
$1,399
per year
Monthly Cost (w/ Mortgage)
$708
Housing Types
Single Family89.0%
Multi-Family11.0%
Mobile Home0.0%
The median home value in Panama, IA is $121,600. According to Zillow, the home value index for Panama is $248,655. The median rent is $939 per month (Census ACS). About 76.6% of housing units are owner-occupied. The median year homes were built is 1951. There are 136 total housing units.