Panama, NE Real Estate

According to census data in the year 2000 there were 104 housing units in Panama. This represents a 33.3% growth from 78 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 104 were located in what is classified as a rural area.

Homeownership rate in Panama is about 78.2%. Panama's vacancy rate, including seasonal lodging, is about 2.9%. Average household size is 2.76 people.

The majority of houses, apartments or condos in Panama were built after 1951.


Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom8.70%
Two Bedrooms24%
Three Bedrooms35.60%
Four Bedrooms27.90%
Five Bedrooms or more1.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1951
Median Value of occupied units$87,700

Rented Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1955
Median Monthly Rent asked for vacant units$850

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10.30%
Home Equity Loan17.60%
Simple Mortgage41.20%
Debt Free30.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%