Panama, IL Housing Statistics

Get 300+ Local Insights for Any Address in Panama, IL

Get Access to 300+ Local Data Points

A+

65%

Med. Home Val. NAT. AVG.

31%

Rent NAT. AVG.

42%

Owner Occ. NAT. AVG.

Panama Housing Information

Index	Panama	Illinois	National
Median home price	$114,408	$308,565	$326,622
Median rent asked	$1,003	$1,374	$1,444
Avg. people per household	1.9	2.6	2.6
Owner occupied households	90.1%	66.0%	63.6%
Renter occupied households	9.9%	34.0%	36.4%

See Local Housing Trends Before You Buy!

See home value trends within a small radius
Understand local market conditions near your address
Use detailed data to choose the right home

GET REPORT →

Housing Quick Facts

The median home price in Panama is 65% lower than the national average.
The median rent asked in Panama is 31% lower than the national average.
The average number of people per household in Panama is 28% lower than the national average.
The number of owner occupied households in Panama is 42% higher than the national average.
The number of renter occupied households in Panama is 73% lower than the national average.

Most Affordable Places to Live in and Around Panama

See all the best places to live around Panama

Compare Panama, IL Housing

Write a review to give others more information about this area.

See all Panama poll results

The best places in Illinois

Here are the best places to live in Illinois

Safest States In The US

Most Dangerous States In The US

See the best places to live in Panama

Nearby cities with low home prices

	Population	Home Price	National Avg.
Walshville, IL	247	$0	100%
Old Ripley, IL	81	$0	100%
Sorento, IL	515	$67,372	79%
Irving, IL	348	$90,622	72%
Williamson, IL	206	$100,100	69%
Panama, IL	228	$114,408	65%

Cities with similar population

	Population	Home Price	National Avg.
Elbert, CO	228	$304,339	7%
Pulpotio Bareas, NM	228	$0	100%
Doylestown, WI	228	$192,524	41%
Adrian, OR	228	$158,338	52%
Coalmont, IN	228	$0	100%
Panama, IL	228	$114,408	65%

Source: The Panama, IL housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.