Panama, NY Housing Market & City Data

Explore key insights and real experiences from people who call Panama home. Use the data below as a starting point to compare and discover what makes this city a great place to live.

444
Population Estimate
$82,937
Median Home Value
92.3%
Employment Rate
11.3%
Bachelor's Degree+

Housing & Demographic Overview

Key insights about the community

Data as of October 2026

HOUSING DATA (October 2026)

Median Price per SqFt$241
Median Listing Price$274,950
Median Days on Market52
Active Listings4
New Listings0
Total Listings (Active + Pending)5
Avg Listing Price$293,725
Avg Listing Price Change MoM21%
Avg Listing Price Change YoY109%

HOUSEHOLD OVERVIEW

Family Size2.86
Family Dual Income51.3
Median Household Income$44,000
Median Individual Income$26,058
Home Ownership60.0%
Home Value$82,937
Median Rent$613
Rent Burden24.2%
Poverty10.4%

EDUCATION, GENDER & MARITAL STATUS

EDUCATION

  • No Highschool Degree or GED6.3%
  • Highschool Education45.8%
  • Some College36.6%
  • Bachelors Degree5.3%
  • Graduate Degree6.0%
  • Total College or Above11.3%
  • Stem Degree40.7%

GENDER BREAKDOWN

  • Male57.5%
  • Female42.5%

MARITAL STATUS

  • Married55.6%
  • Divorced9.2%
  • Never Married26.4%
  • Widowed8.9%

CITY DATA & AGE BREAKDOWN

CITY DATA

CityPanama
State IDNY
Population444

AGE BREAKDOWN

Age Group% of Population
Under 1824.4%
19–2915.5%
30–397.7%
40–4911.0%
Age Group% of Population
50–597.3%
60–6914.6%
70–7912.0%
80+7.6%

WORKFORCE, ETHNICITY & OTHER

WORKFORCE

Labor Force Participation56.6%
Unemployment Rate7.7%
Disabled19.7%

ETHNICITY

White99.5%
Black0.0%
Asian0.5%
Native American0.0%
Pacific Islander0.0%
Other0.0%
Multiple0.0%

OTHER

Hispanic1.6%
Limited English0.0%
Health Uninsured13.4%
Veteran7.9%

Local Discussions

Community questions and conversations about living in Panama, NY.

  1. Is Panama, NY a good place to buy a house?

    Local perspectives on Panama home prices, buyer demand, neighborhoods, and what to consider before buying a home.

    0
  2. What are the best neighborhoods in Panama, NY for families?

    Local insights on Panama neighborhoods, schools, parks, commute times, and other factors families may want to consider.

    0
  3. What should home buyers know about the Panama, NY housing market?

    Local insights on Panama home prices, housing inventory, buyer competition, and current real estate market conditions.

    0
  4. Is it better to buy or rent a home in Panama, NY?

    Compare Panama home prices, rents, monthly housing costs, and other factors that can affect the decision to buy or rent.

    0
  5. What are the most affordable neighborhoods in Panama, NY?

    Explore Panama neighborhoods where home buyers may find more affordable housing options and better value for their budget.

    0
  6. How much income do you need to buy a house in Panama, NY?

    Learn how Panama home prices, down payments, mortgage costs, and other expenses can affect how much income buyers may need.

    0
  7. How much are property taxes on a home in Panama, NY?

    Learn how Panama property taxes are calculated and how they can affect the overall cost of owning a home.

    0
  8. What are the best neighborhoods in Panama, NY for first-time home buyers?

    Explore Panama neighborhoods first-time home buyers may consider based on home prices, location, amenities, and lifestyle.

    0
  9. What is it like to live in Panama, NY?

    Local perspectives on Panama neighborhoods, cost of living, weather, commuting, things to do, and everyday life.

    0
  10. What should I know before moving to Panama, NY?

    What newcomers should know about Panama housing costs, neighborhoods, transportation, weather, and everyday expenses.

    0

Top Real Estate Agents in Panama, NY

Neighborhoods in Panama, NY

No neighborhoods were found in the current property sample.