Home ValuePros

Market Intelligence · IA / Shelby County

Panama, IA housing market

1 ZIP market liveData updated August 2026Typical value$261K1-yr changeUp8.5%

The median home value in Panama, IA is $261K as of August 2026, up 8.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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The coverage

Panama, by the numbers.

Typical home valueZillow ZHVI, August 2026
$261K
1-yr changeMedian across Panama ZIPs
+8.5%
ZIP markets live
1
County
Shelby County

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12-month value trend

+8.5% over 12 months

Typical home value in Panama over the last 12 months: $241K in Aug 2025 to $261K in Aug 2026 (+8.5%).

Aug 2025$241K

Aug 2026$261K

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

Context

The typical Panama home carries a Zillow value of $261,464 as of August 2026, a 12-month move of +8.5%. The picture is a climbing market where values have gained meaningfully over the last twelve months.

The numbers

What is the housing market like in Panama, IA?

Typical home value

$261K

Up8.5%YoY

Sources · Zillow ZHVI (August 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.

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Live markets

What ZIP codes are live in Panama?

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

Zillow ZHVI, August 2026

Local pros

Who are the top real estate agents in Panama?

Top real estate agents in Panama, IA

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Nearby markets

More Iowa housing markets.

The market is moving

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