House Prices

House Prices & Home Values Panama, IA 2026


Average Data

average house price$44,950
average size per house1365 ft²
average price per ft²33 $ / ft²

04/18/2026 - The value range (VR) for house prices in Panama, IA is $75/ sqft to $75/ sqft. An average home with 1365 sqft costs approximately $102,375 to $102,375. Panama, IA includes 1 ZIP codes and it is located in Shelby county. The lowest prices are found in ZIP 51562, while the highest are in ZIP 51562. The average price per sqare feet is $33. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Panama

5156272 $ / ft²




Historical development of home values in Panama

Year Estimated value (USD) Change vs. 2025
2010 $20,876 -53.6%
2011 $20,068 -55.4%
2012 $20,014 -55.5%
2013 $20,762 -53.8%
2014 $21,795 -51.5%
2015 $22,913 -49.0%
2016 $24,109 -46.4%
2017 $25,410 -43.5%
2018 $26,815 -40.3%
2019 $28,059 -37.6%
2020 $29,509 -34.4%
2021 $33,563 -25.3%
2022 $39,127 -13.0%
2023 $41,262 -8.2%
2024 $43,649 -2.9%
2025 $44,950 0.0%

Graph: estimated home values in Panama over time (USD)



Example: 100% financing house in Panama

Loan amount: $44,950

Interest rate: 6.00%

Fixed monthly payment: $269.50

Breakdown in the 1st month:
Interest portion: $224.75  –  Principal portion: $44.75

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $2,681.98 $551.99 $44,398.01
2 $2,647.94 $586.04 $43,811.97
3 $2,611.79 $622.18 $43,189.79
4 $2,573.42 $660.56 $42,529.23
5 $2,532.68 $701.30 $41,827.93
6 $2,489.42 $744.55 $41,083.38
7 $2,443.50 $790.48 $40,292.90
8 $2,394.74 $839.23 $39,453.67
9 $2,342.98 $890.99 $38,562.68
10 $2,288.03 $945.95 $37,616.73
11 $2,229.68 $1,004.29 $36,612.44
12 $2,167.74 $1,066.23 $35,546.21
13 $2,101.98 $1,132.00 $34,414.21
14 $2,032.16 $1,201.82 $33,212.40
15 $1,958.03 $1,275.94 $31,936.46
16 $1,879.34 $1,354.64 $30,581.82
17 $1,795.79 $1,438.19 $29,143.63
18 $1,707.08 $1,526.89 $27,616.73
19 $1,612.91 $1,621.07 $25,995.67
20 $1,512.92 $1,721.05 $24,274.61
21 $1,406.77 $1,827.20 $22,447.41
22 $1,294.07 $1,939.90 $20,507.51
23 $1,174.42 $2,059.55 $18,447.96
24 $1,047.40 $2,186.58 $16,261.38
25 $912.53 $2,321.44 $13,939.93
26 $769.35 $2,464.62 $11,475.31
27 $617.34 $2,616.64 $8,858.67
28 $455.95 $2,778.03 $6,080.65
29 $284.61 $2,949.37 $3,131.28
30 $102.70 $3,131.28 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Panama, IA


1500 sqft3900 sqft
Ø selling price$59,896$127,414
Ø fast selling$54,451$114,672
Ø high price sale$65,341$140,155

In 2026, houses in Panama, IA will be offered at an average price of $33 per square foot. A 1,500 sqft home priced at $59,896 is 21.92% more expensive per square foot than a 3,900 sqft home priced at $127,414. Home prices in Panama, IA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $88,209. Sellers who can wait longer may achieve a higher price of up to $107,812.

FAQ – Home Values in Panama

What is the median home value in Panama in 2026?

In 2026, the typical home value in Panama is about $44,950 for an average home size of 1365 square feet. This corresponds to an average price of roughly $33 per square foot.

What is the average cost per square foot in Panama?

In 2026, homes in Panama sell for an average of around $33 per square foot, with a typical range between $75 and $75 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Panama is about 1365 square feet, with an estimated 2026 value around $44,950.



Locations close to Panama, IA

Persia, IA114 $ / ft²
Pisgah, IA95 $ / ft²
Portsmouth, IA102 $ / ft²
Pacific Junction, IA97 $ / ft²
Oakland, IA129 $ / ft²
Neola, IA108 $ / ft²
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