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Panama, IA
Full City Profile · Iowa · Shelby County County
3.1
/5.0
B
Good
283
Population
976/sq mi density
$61,250
Median Income
$40,027 per capita
$121,600
Home Value
$254,132 Zillow
$939
Median Rent
31.8% income on rent
50°F
Avg Temperature
275 sunny days/yr
98
Violent Crime/100K
1,562 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$61,250 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$121,600 home value, $939/mo rent
F
Safety
1.0 / 5.0
98 violent crimes/100K
C
Education
2.0 / 5.0
12.6% bachelor's degree or higher
Housing Overview
Median Home Value
$121,600
57% below
US avg: $281,900
Median Rent
$939/mo
19% below
US avg: $1,163/mo
Homeownership Rate
76.6%
17% above US avg (65.4%)
Total Housing Units
109
Median year built: 1971
Home Value by Source
Census Median
$121,600
Zillow (ZHVI)
$254,132
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.6%
Owner-Occupied
23.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$939/mo
Affordability & Housing Stock
Rent Burden
31.8%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
76.6%
Complete Housing Data
Home Values
| Census Median Value | $121,600 |
| Zillow Home Value (ZHVI) | $254,132 |
Rent
| Census Median Rent | $939 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 76.6% |
| Renter-Occupied | 23.4% |
| Homeownership Rate | 76.6% |
| Total Housing Units | 109 |
| Median Year Built | 1971 |
| Rent Burden | 31.8% |