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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 Type0%
One Bedroom9%
Two Bedrooms63.30%
Three Bedrooms24.30%
Four Bedrooms2.30%
Five Bedrooms or more1.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.01
Median year structure was built1939
Median Value of occupied units$28,100
Median Price asked for vacant units$27,500

Rented Homes, Apartments and Condos

Average Household Size2.94
Median year structure was built1955
Median Monthly Rent asked for vacant units$308

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan0%
Simple Mortgage55%
Debt Free45%
As % of Housing Units
   
Median part of Monthly Household Income dedicated to covering home ownership costs15.2%