Panama, NY Real Estate
According to census data in the year 2000 there were 209 housing units in Panama.
This represents a 8.3% growth from 193 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 209 were located in what is classified as a rural area.
Homeownership rate in Panama is about 74.3%.
Panama's vacancy rate, including seasonal lodging, is about 8.6%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in Panama were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.60% |
| Two Bedrooms | 42.60% |
| Three Bedrooms | 28.20% |
| Four Bedrooms | 18.70% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $62,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 4.20% |
| Simple Mortgage | 51% |
| Debt Free | 36.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
