Market Intelligence · IA / Shelby County

Panama, IA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$253K1-yr change8.4%

The typical home value in Panama, IA is $253K as of September 2026, up 8.4% from a year ago, based on the Zillow Home Value Index.

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The coverage

Panama, by the numbers.

Typical home valueZillow ZHVI, September 2026: $253K
1-yr changeMedian across Panama ZIPs: +8.4%
ZIP markets live: 1
County: Shelby County

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12-month value trend

+8.4% over 12 months

Sep 2025$234K

Low $234KHigh $253K

Sep 2026$253K

Median Zillow home value index across Panama's ZIP codes.

Context

Panama, IA has seen home values climb steadily. The typical home value in Panama is $253,102, up 8.4% over the past year as of September 2026. That appreciation reflects sustained buyer interest in the local market. For homeowners considering a sale, the recent growth suggests favorable conditions, though any decision should weigh personal timing and local inventory against these broader trends.

The numbers

What is the housing market like in Panama, IA?

As of September 2026

Typical home value

$253K

8.4%YoY

Sources · Zillow ZHVI (September 2026)

Figures reflect Panama's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Panama, IA home prices over time

Typical home values in Panama, IA are up 8.4% over the past year, from $234K in September 2025 to $253K in September 2026.

Typical home value in Panama, IA, September of each year
Month	Typical value	1-yr change
September 2026	$253,102	+8.4%
September 2025	$233,517	No prior year

Typical value is the median Zillow Home Value Index across Panama ZIP codes, taken in September of each year so every row compares the same month.

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Live markets

What ZIP codes are live in Panama?

51562Panama$253,102Up8.4%Open the Panama 51562 market page

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Panama, IA home prices.

What is the typical home value in Panama, IA?

The typical home value in Panama is $253,102 as of September 2026.

How have home values changed recently in Panama, IA?

Home values in Panama have risen 8.4% over the past year, indicating steady appreciation in the local market.

Is it a good time to sell in Panama, IA?

Recent appreciation suggests favorable conditions for sellers, though the decision to sell depends on your personal circumstances and local market inventory.

Nearby markets

More Iowa housing markets.

The market is moving

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