The median home value in Panama, IA is $205,000. This is higher than the county median home value of $173,600. The national median home value is $338,100. The average price of homes sold in Panama, IA is $205,000. Approximately 84% of Panama homes are owned, compared to 5% rented, while 11% 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, Iowa has a population of 265. Panama is more family-centric than the surrounding county with 64.29% of the households containing married families with children. The county average for households married with children is 30.15%.
The median household income in Panama, Iowa is $78,750. The median household income for the surrounding county is $62,222 compared to the national median of $69,021. The median age of people living in Panama is 35.6 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 10.6 degrees. The average rainfall is approximately 33.1 inches per year, with 32.1 inches of snow per year.