Panama Real EstateThe median home value in Panama, IA is $50,000. This is lower than the county median home value of $119,400. The national median home value is $219,700. The average price of homes sold in Panama, IA is $50,000. Approximately 80.44% of Panama homes are owned, compared to 13.04% rented, while 6.52% are vacant. Panama real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Panama real estate agent to arrange a tour today! Panama, Iowa has a population of 204. Panama is more family-centric than the surrounding county with 41.67% of the households containing married families with children. The county average for households married with children is 29.49%. The median household income in Panama, Iowa is $65,000. The median household income for the surrounding county is $55,638 compared to the national median of $57,652. The median age of people living in Panama is 37.3 years. Panama WeatherThe average high temperature in July is 83.8 degrees, with an average low temperature in January of 10.2 degrees. The average rainfall is approximately 33.4 inches per year, with 30.3 inches of snow per year. Nearby Homes for Sale |