Panama, OK Real Estate
According to census data in the year 2000 there were 624 housing units in Panama.
This represents a 8.4% decline from 681 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 624 were located in what is classified as a rural area.
Homeownership rate in Panama is about 63.9%.
Panama's vacancy rate, including seasonal lodging, is about 15.5%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Panama were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 6.10% |
| Two Bedrooms | 42.30% |
| Three Bedrooms | 48.40% |
| Four Bedrooms | 1.10% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $38,200 |
| Median Price asked for vacant units | $26,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 49.80% |
| Debt Free | 46.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
