The median home value in Panama, IL is $25,000. This is lower than the county median home value of $90,500. The national median home value is $338,100. The average price of homes sold in Panama, IL is $25,000. Approximately 73.72% of Panama homes are owned, compared to 8.76% rented, while 17.52% are vacant. Panama real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Panama real estate agent to arrange a tour today!
Panama, Illinois has a population of 246. Panama is less family-centric than the surrounding county with 14.93% of the households containing married families with children. The county average for households married with children is 24.79%.
The median household income in Panama, Illinois is $56,875. The median household income for the surrounding county is $59,309 compared to the national median of $69,021. The median age of people living in Panama is 54.3 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 41.4 inches per year, with 13.2 inches of snow per year.