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Panora, IA Real Estate


According to census data in the year 2000 there were 512 housing units in Panora. This represents a 5.6% growth from 485 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 512 were located in what is classified as a rural area.

Homeownership rate in Panora is about 74.7%. Panora's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.25 people.

The majority of houses, apartments or condos in Panora were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom10.90%
Two Bedrooms30.30%
Three Bedrooms44.70%
Four Bedrooms12.70%
Five Bedrooms or more1.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.28
Median year structure was built1953
Median Value of occupied units$69,500
Median Price asked for vacant units$62,500

Rented Homes, Apartments and Condos

Average Household Size2.16
Median year structure was built1954
Median Monthly Rent asked for vacant units$300

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.60%
Home Equity Loan4.60%
Simple Mortgage48.60%
Debt Free42.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%