Home prices
Panama's median home value is $59,300. This is approximately $8,440 (12%) lower compared to other places in this area.It is approximately $158,200 (72%) lower compared to the entire nation, and compared to the city of St. Louis is roughly $79,400 (57%) lower.
Rents
In Panama the median monthly rent is $863. This is roughly $161 (23%) higher in comparison to nearby areas.It is approximately $199 (18%) lower in comparison to the rest of the nation, and in comparison to the city of St. Louis it is approximately $35 (4%) higher.
Nearby places
Donnellson
Donnellson is roughly 2 miles east of Panama. The housing prices there are pretty similar. The median home value in Donnellson is $62,000, which is $2,700 (4%) higher than Panama. The rent there is fairly similar. The median rent in Donnellson is $825 per month, which is $38 (4%) lower than Panama.
Sorento
Sorento is roughly 3 miles southwest of Panama. Its housing prices are a lot less expensive. The median home in Sorento is valued at $42,800, which works out to $16,500 (38%) lower than Panama. Rents there are a lot less expensive. In Sorento the median rent is $614 per month, which comes out to $249 (40%) lower than Panama.
Taylor Springs
Taylor Springs is approximately 7 miles north from Panama. Its real estate prices are a bit more expensive. The median home in Taylor Springs is valued at $67,100, which is $7,800 (11%) higher than Panama. The rent there is somewhat less expensive. The median rent in Taylor Springs is $663 a month, which is $200 (30%) lower than Panama.
New Douglas
New Douglas is about 7 miles southwest of Panama. Its real estate prices are a lot more expensive. The cost of the median home in New Douglas is $104,900, which works out to $45,600 (43%) higher than Panama. The rent there is a little less expensive. New Douglas's median rent is $785 a month, which comes out to $78 (9%) lower than Panama.
Schram City
Schram City is roughly 9 miles north of Panama. Real estate prices there are similar. The median home value in Schram City is $61,900, which is $2,600 (4%) higher than Panama. Rents there are a lot less expensive. The median monthly rent in Schram City is $621, which comes out to $242 (38%) lower than Panama.
