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Market Intelligence · IA / Panama

Panama, IA 51562 Housing Market

The typical home value in Panama, IA 51562 is $253,102, reflecting an 8.4% increase over the past year as of September 2026. The market has gained momentum for sellers in this rural Iowa community.

Updated September 2026Median value$253K

The median home value in Panama, IA 51562 is $253K as of September 2026, up 8.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 51562 range

$233K to $273K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+8.4% over 12 months

Typical home value in 51562 over the last 12 months: $234K in Sep 2025 to $253K in Sep 2026 (+8.4%).

Sep 2025$234K

Sep 2026$253K

The numbers

What is the 51562 housing market like?

Typical home value

$253K

Up8.4%YoY

Sources · Zillow ZHVI (September 2026) / FRED (October 2026)

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The comparison

How do 51562 home prices compare?

  • 51562$253,102
  • Panama$253,102
  • Iowa$207,230
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Panama: 1 ZIP; Iowa: 824 ZIPs; United States: 26,262 ZIPs).

Context

Panama's housing market has posted solid growth recently, with values climbing 8.4% over the past year to reach a typical price of $253,102. That upward momentum suggests steady demand in a small-town setting where inventory remains limited. Homes here remain relatively affordable compared to regional and state averages. For a seller considering timing, the current appreciation trend is favorable, though rural markets can shift quickly and depend heavily on local economic conditions and buyer interest.

Monthly payment

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20% · $50,620

Common questions

What people ask us.

What is the typical home value in Panama, IA 51562?

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

Has the market been appreciating?

Yes. Home values in Panama have increased 8.4% over the past year, indicating a strengthening market for sellers.

Discover

Nearby ZIP markets.

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Guides for sellers.