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Panama, NE
Full City Profile · Nebraska · Lancaster County County
3.2
/5.0
B
Good
223
Population
796/sq mi density
$89,583
Median Income
$49,787 per capita
$196,000
Home Value
$268,602 Zillow
$1,250
Median Rent
26.3% income on rent
51°F
Avg Temperature
275 sunny days/yr
338
Violent Crime/100K
3,349 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$89,583 median income, 3.4% unemployment
A+
Affordability
5.0 / 5.0
$196,000 home value, $1,250/mo rent
F
Safety
1.0 / 5.0
338 violent crimes/100K
C
Education
2.2 / 5.0
15.0% bachelor's degree or higher
Housing Overview
Median Home Value
$196,000
30% below
US avg: $281,900
Median Rent
$1,250/mo
7% above
US avg: $1,163/mo
Homeownership Rate
88.5%
35% above US avg (65.4%)
Total Housing Units
109
Median year built: 1963
Home Value by Source
Census Median
$196,000
Zillow (ZHVI)
$268,602
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.5%
Owner-Occupied
11.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent:
$1,250/mo
Affordability & Housing Stock
Rent Burden
26.3%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
88.5%
Complete Housing Data
Home Values
| Census Median Value | $196,000 |
| Zillow Home Value (ZHVI) | $268,602 |
Rent
| Census Median Rent | $1,250 |
| FMR Studio | $706 |
| FMR 1-Bedroom | $791 |
| FMR 2-Bedroom | $1,001 |
| FMR 3-Bedroom | $1,274 |
| FMR 4-Bedroom | $1,409 |
Market
Ownership & Stock
| Owner-Occupied | 88.5% |
| Renter-Occupied | 11.5% |
| Homeownership Rate | 88.5% |
| Total Housing Units | 109 |
| Median Year Built | 1963 |
| Rent Burden | 26.3% |