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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9% |
| Two Bedrooms | 63.30% |
| Three Bedrooms | 24.30% |
| Four Bedrooms | 2.30% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 55% |
| Debt Free | 45% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
