Housing in Panama, OK
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$116,373
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$121,100show rank
Median Rent
35th%ilemost expensive rent$833show rank
Rent Burden
71st%ilehighest rent burden22.0%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$121,100
Median Rent
$833
Total Housing Units
680
Vacancy Rate
14.8%
Owner Occupied
65.5%
Renter Occupied
34.5%
Median Property Tax
$635
per year
Monthly Cost (w/ Mortgage)
$470
Housing Types
Single Family77.5%
Multi-Family8.8%
Mobile Home13.7%
The median home value in Panama, OK is $121,100. According to Zillow, the home value index for Panama is $116,373. The median rent is $833 per month (Census ACS). About 65.5% of housing units are owner-occupied. The median year homes were built is 1981. There are 680 total housing units.