Panama NY Commercial for Sale

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Panama Real Estate

The median home value in Panama, NY is $227,000. This is higher than the county median home value of $145,700. The national median home value is $338,100. The average price of homes sold in Panama, NY is $227,000. Approximately 60.59% of Panama homes are owned, compared to 28.57% rented, while 10.84% 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, New York has a population of 439. Panama is more family-centric than the surrounding county with 25.22% of the households containing married families with children. The county average for households married with children is 24.43%.

The median household income in Panama, New York is $53,125. The median household income for the surrounding county is $50,408 compared to the national median of $69,021. The median age of people living in Panama is 42.5 years.

Panama Weather

The average high temperature in July is 79.7 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 47.3 inches per year, with 162.6 inches of snow per year.

Panama Real Estate Market Conditions

  • Median sales price

    $227,000
    14.6% change since last quarter
  • # Active listings

    3
    30-day change

Panama Schools and Demographics

Education near Panama, NY

Metric City County
High School Graduates 96.4 89.32
College Degree - 2 year 23.74 13.57
College Degree - 4 year 16.55 23.33
Graduate Degree 8.99 8.23
Expenditures per Student 25,450 25,450
Students per Teacher 10.7 10.7

Elementary Schools near Panama, NY

School Grades Students P/T Ratio ZIP
Bemus Point Elementary School PK - 05 325 12 14712
Chautauqua Lake Elementary School PK - 06 406 11.3 14757
Panama K-6 School PK - 06 259 11.3 14767
Sherman Elementary School PK - 06 223 13.9 14781

High Schools near Panama, NY

School Grades Students P/T Ratio ZIP
Chautauqua Lake Secondary School 07 - 12 461 10.8 14757
Maple Grove Junior/Senior High School 06 - 12 416 12.6 14712
Panama High School 07 - 12 268 14.1 14767
Sherman High School 07 - 12 200 13.3 14781

Demographics near Panama, NY

Metric City County
Neighborhood Type Small town
Population 439 128,042
Population Density 200 121
Median Age 42.5 42.8
People per Household 2.4 2.3
Median Household Income 53,125 50,408
Average Income per Capita 26,464 27,980