The housing market in Panama, NE is booming. The median value of a house in Panama currently stands at $226,700, which is significantly lower than the US median value of $338,100. However, the growth rate of the housing market in Panama has been much higher than that of the US market over the past year; house appreciation in Panama is 12.01%, compared to 8.27% for the US overall. This data suggests that Panama could be an excellent place to invest for people looking to purchase real estate, due to its growing economy and strong demand for housing.
The median home cost in Panama is $226,700. Home appreciation the last 10 years has been 86.4%. Home Appreciation in Panama is up 12.8%.
Average Age of Homes
- The median age of Panama real estate is 42 years old
The Rental Market in Panama
- Renters make up 30.3% of the Panama population
- 0.0% of houses and apartments in Panama, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.