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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.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4%
Two Bedrooms23%
Three Bedrooms47%
Four Bedrooms24%
Five Bedrooms or more2%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.45
Median year structure was built1957
Median Value of occupied units$62,500
Median Price asked for vacant units$42,500

Rented Homes, Apartments and Condos

Average Household Size1.44
Median year structure was built1939
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan2.50%
Simple Mortgage27.80%
Debt Free64.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs9.9%