Panama, NE Real Estate
According to census data in the year 2000 there were 104 housing units in Panama.
This represents a 33.3% growth from 78 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 104 were located in what is classified as a rural area.
Homeownership rate in Panama is about 78.2%.
Panama's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.76 people.
The majority of houses, apartments or condos in Panama were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 8.70% |
| Two Bedrooms | 24% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 27.90% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $87,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $850 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.30% |
| Home Equity Loan | 17.60% |
| Simple Mortgage | 41.20% |
| Debt Free | 30.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
