The median home value in Panama, IL is $110,000. This is higher than the county median home value of $56,700. The national median home value is $219,700. The average price of homes sold in Panama, IL is $110,000. Approximately 72.55% of Panama homes are owned, compared to 9.8% rented, while 17.65% 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 279. Panama is more family-centric than the surrounding county with 30% of the households containing married families with children. The county average for households married with children is 24.36%.
The median household income in Panama, Illinois is $42,500. The median household income for the surrounding county is $47,807 compared to the national median of $57,652. The median age of people living in Panama is 35.9 years.
The average high temperature in July is 89.3 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 41.2 inches per year, with 14.6 inches of snow per year.