Panama, IA Real Estate
According to census data in the year 2000 there were 100 housing units in Panama.
This represents a 5.3% growth from 95 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 100 were located in what is classified as a rural area.
Homeownership rate in Panama is about 90.2%.
Panama's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Panama were built after 1956.
|Housing Units by Size|
|Five Bedrooms or more||2%|
Owned Homes, Apartments and Condos
|Average Household Size||2.45|
|Median year structure was built||1957|
|Median Value of occupied units||$62,500|
|Median Price asked for vacant units||$42,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.44|
|Median year structure was built||1939|
|Median Monthly Rent asked for vacant units||$325|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||2.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||9.9%|