Panama, IA Housing Market
$258,963
10.7% 1-yrThe average Panama, IA home value is $258,963, up 10.7% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Panama Key Takeaways
Typical Home Values: $258,963
1-Year Value Change: +10.7%
(Data through September 30, 2026)
Panama Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Panama
- NameMedian ZHVI
- Ponca Hills$425,655
- Huntington Avenue$203,623
- Oakland-Fairview$213,806
- Old Town--
- Levi Carter Sherman$121,013
- Miller Park-Minne Lusa$150,522
- Raven Oaks$354,505
- The Fort Omaha$120,258
- Downtown$137,697
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Panama Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Panama, IA?
The median home value in Panama, IA is $258,963 as of September 2026. This represents a 0.7% increase compared to last month and a 10.7% increase year-over-year.
How have home values changed in Panama, IA?
Home values in Panama, IA have increased by 0.7% month-over-month and 10.7% year-over-year.
How do home values in Panama, IA compare to Shelby County, Iowa, and the national average?
The median home value in Panama, IA ($258,963) compares to: Shelby County ($212,688), Iowa ($236,623), and the U.S. national median ($366,157).
