Panama, IA Real Estate
According to census data in the year 2000 there were 100 housing units in Panama.
This represents a 5.3% growth from 95 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 100 were located in what is classified as a rural area.
Homeownership rate in Panama is about 90.2%.
Panama's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Panama were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4% |
| Two Bedrooms | 23% |
| Three Bedrooms | 47% |
| Four Bedrooms | 24% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $62,500 |
| Median Price asked for vacant units | $42,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.44 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 27.80% |
| Debt Free | 64.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 9.9% |
