Home prices
The median home in Panama is valued at $82,900. This is roughly $32,560 (28%) lower in comparison to nearby areas.Compared to the United States as a whole it is about $134,600 (61%) lower, and compared to the city of Buffalo is approximately $6,900 (7%) lower.
Rents
The median rent in Panama is $613 a month. It is roughly $19 (3%) lower compared to its nearby areas.It is approximately $449 (42%) lower compared to the country as a whole, and in comparison to the city of Buffalo is roughly $163 (21%) lower.
Nearby places
Bear Lake
Bear Lake is approximately 5 miles south of Panama. The housing prices there are a little more expensive. The median home price in Bear Lake is $87,500, which is $4,600 (5%) higher than Panama. Rents there are somewhat more expensive. The median monthly rent in Bear Lake is $760, which comes out to $147 (19%) higher than Panama.
Bemus Point
Bemus Point is approximately 7 miles northeast of Panama. The housing prices there are a lot more expensive. The median home in Bemus Point is valued at $195,800, which is $112,900 (57%) higher than Panama. Rent there is somewhat less expensive. The median rent in Bemus Point is $550 a month, which is $63 (11%) lower than Panama.
Sherman
Sherman is approximately 7 miles northwest of Panama. The housing prices there are a little less expensive. The median home in Sherman is valued at $71,800, which works out to $11,100 (15%) lower than Panama. The rent there is a little less expensive. Sherman's median monthly rent is $513, which works out to $100 (19%) lower than Panama.
Lakewood
Lakewood is approximately 7 miles east from Panama. Its real estate prices are a bit more expensive. Lakewood's median home cost is $113,700, which is $30,800 (27%) higher than Panama. Rent there is somewhat more expensive. Lakewood's median monthly rent is $735, which is $122 (16%) higher than Panama.
Sugar Grove
Sugar Grove is approximately 8 miles southeast of Panama. Real estate prices there are somewhat more expensive. Sugar Grove's median home value is $108,500, which comes out to $25,600 (23%) higher than Panama. Rents there are fairly similar. In Sugar Grove the median rent is $604 per month, which comes out to $9 (1%) lower than Panama.
