Panama, IL Real Estate
According to census data in the year 2000 there were 177 housing units in Panama.
This represents a 22.1% growth from 145 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 177 were located in what is classified as a rural area.
Homeownership rate in Panama is about 89.1%.
Panama's vacancy rate, including seasonal lodging, is about 11.9%.
Average household size is 2.12 people.
The majority of houses, apartments or condos in Panama were built after 1939.
|Housing Units by Size|
|Five Bedrooms or more||1.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.01|
|Median year structure was built||1939|
|Median Value of occupied units||$28,100|
|Median Price asked for vacant units||$27,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.94|
|Median year structure was built||1955|
|Median Monthly Rent asked for vacant units||$308|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||0%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.2%|