Similar to its nearby areas, it's somewhat less expensive compared to the nation as a whole. Compared to the city of Omaha, it's close to average.
Home prices
The median home in Panama costs $153,800. It is approximately $7,000 (4%) higher in comparison to its surrounding areas.It is roughly $63,700 (29%) lower compared to the United States as a whole, and in comparison to the city of Omaha it is about $5,900 (3%) lower.
Rents
Panama's median monthly rent is $683. Compared to its nearby areas it is about $177 (20%) lower.Compared to the US as a whole it is roughly $379 (35%) lower, and is roughly $240 (26%) lower in comparison to the city of Omaha.
Nearby places
Bennet
Bennet is roughly 5 miles north of Panama. Its real estate prices are similar. The median home in Bennet costs $156,300, which is $2,500 (1%) higher than Panama. Rent there is a bit more expensive. The median rent in Bennet is $909 per month, which works out to $226 (24%) higher than Panama.
Douglas
Douglas is roughly 5 miles east of Panama. Real estate prices there are a lot less expensive. The median home in Douglas costs $85,000, which is $68,800 (80%) lower than Panama. Rents there are somewhat more expensive. The median rent in Douglas is $756 a month, which is $73 (9%) higher than Panama.
Hickman
Hickman is approximately 5 miles west of Panama. Housing prices there are a little more expensive. The median home cost in Hickman is $209,000, which comes out to $55,200 (26%) higher than Panama. Its rents are a little more expensive. Hickman's median monthly rent is $983, which is $300 (30%) higher than Panama.
Firth
Firth is about 6 miles southwest of Panama. The real estate prices there are a bit less expensive. The cost of the median home in Firth is $139,300, which comes out to $14,500 (10%) lower than Panama. Rents there are fairly similar. Firth's median monthly rent is $675, which comes out to $8 (1%) lower than Panama.
Roca
Roca is about 7 miles northwest of Panama. The housing prices there are somewhat less expensive. The median home in Roca costs $144,400, which is $9,400 (6%) lower than Panama. Its rents are a little more expensive. Roca's median rent is $975 a month, which comes out to $292 (29%) higher than Panama.
