Panama IL Land for Sale

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Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
1.22 Acres
Baths:
MLS#:
24037988
Subdivision:
Not In A Subdivision

ADDITIONAL INFORMATION

1.21 +/- acres of wooded bliss located on a dead end street! What better way to feel like you are in the country, but have the luxury of being in town. Come and put your personal stamp on it. The possibilities are endless! Seller believes all utilities are located at the street. Buyer responsible for all tap on fees and permits. Buyer and Buyer's Agent to verify all information.

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Andrea D. Conner, License 71221, Xome Inc., License 68390, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Panama Real Estate

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.

Panama Weather

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.

Panama Real Estate Market Conditions

  • Median sales price

    $25,000
    10% change since last quarter
  • # Active listings

    2
    30-day change

Panama Schools and Demographics

Education near Panama, IL

Metric City County
High School Graduates 83.92 87.85
College Degree - 2 year 7.04 9.08
College Degree - 4 year 8.54 17.86
Graduate Degree 4.52 5.74
Expenditures per Student 15,957 15,957
Students per Teacher 13 13

Elementary Schools near Panama, IL

School Grades Students P/T Ratio ZIP
Beckemeyer Elementary School PK - 05 662 18.5 62049
Coffeen Elementary School PK - 05 253 16.7 62017
Sorento Elementary School PK - 08 171 12.2 62086

Middle Schools near Panama, IL

School Grades Students P/T Ratio ZIP
Hillsboro Junior High School 06 - 08 429 18.8 62049
New Douglas Mid-Elementary School 03 - 04 66 16.5 62074

High Schools near Panama, IL

School Grades Students P/T Ratio ZIP
Hillsboro High School 09 - 12 462 14.4 62049

Demographics near Panama, IL

Metric City County
Neighborhood Type Small Town
Population 246 28,482
Population Density 660 41
Median Age 54.3 42.8
People per Household 2.2 2.3
Median Household Income 56,875 59,309
Average Income per Capita 27,961 28,449