Home ValuePros

Market Intelligence · IA / Panama

Panama, IA 51562 Housing Market

The typical home value in Panama, IA 51562 is $261,464 as of 2026-08-01. That figure is up 8.5% over the past year. For a small market like Panama, that is a clear upward trend.

Updated August 2026Median value$261K

The median home value in Panama, IA 51562 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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Typical 51562 range

$241K to $282K

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

+8.5% over 12 months

Typical home value in 51562 over the last 12 months: $241K in Aug 2025 to $261K in Aug 2026 (+8.5%).

Aug 2025$241K

Aug 2026$261K

The numbers

What is the 51562 housing market like?

Typical home value

$261K

Up8.5%YoY

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

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The comparison

How do 51562 home prices compare?

  • 51562$261,464
  • Panama$261,464
  • Iowa$211,094
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Panama: 1 ZIPs; Iowa: 824 ZIPs; United States: 26,265 ZIPs).

Context

Home values in Panama, IA 51562 have been moving higher. The typical home value sits at $261,464 as of 2026-08-01, and it has climbed 8.5% over the past year. That kind of annual gain suggests steady demand relative to the limited inventory common in small Iowa towns. Sellers here are generally holding or gaining equity rather than losing ground. If you are considering a sale, the data points to a market that currently favors owners, though small markets can shift quickly.

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