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Last updated on 09/17/14 UTC

Panama Overview

Coldwell Banker Helps You Learn More About Panama, Illinois Real Estate

Panama, Illinois is located in Montgomery. Nearby cities and towns include Coffeen, Donnellson, Sorento, Taylor Springs and Walshville. Panama is a rural community with a population of 345. The median household income in Panama is $43,124. 68% of residents are married and families with children reside in 28% of Panama households. Half the population of Panama commutes 31 minutes or more to work, with 80% of residents holding white collar jobs and 20% residents holding blue collar jobs.

The median age of homes in Panama, IL is 45 years, with 75% of those homes owned, 11% rented and 12% not occupied. Find a Coldwell Banker real estate agent in Panama, Illinois today.

Homes for Sale around Panama

  • 704 Elizabeth
    Litchfield, IL 62056
    $127,990
    2 Beds, 2 Baths

  • 1401 Longbridge
    Panama, IL 62077
    $159,900
    2 Beds, 2 Baths

  • 907 S. Montgomery
    Litchfield, IL 62056
    $59,900
    2 Beds, 1 Baths

  • 603 Elizabeth
    Litchfield, IL 62056
    $129,900
    2 Beds, 1 Baths

  • 943 Jefferson
    Hillsboro, IL 62049
    $124,900
    4 Beds, 1 Baths

  • 1011 E. Ottawa
    Litchfield, IL 62056
    $159,000
    8 Beds, 3 Baths

  • 220 N. Main
    Hillsboro, IL 62049
    $112,000
    4 Beds, 1 Baths

  • 33 Tremont Terrace
    Hillsboro, IL 62049
    $147,900
    4 Beds, 1 Baths

View All Properties For Sale in Panama

Illinois Demographics Data

Single 43%
Married 57%
Male 49%
Female 51%
Household Income
Average Age
$57,878
35

Panama Demographics Data

Single 32%
Married 68%
Male 72%
Female 28%
Household Income
Average Age
$43,124
45

Illinois Real Estate Statistics

Owned 63%
Rented 28%
Vacant Homes
Average Age of Homes
462,157
38

Panama Real Estate Statistics

Owned 75%
Rented 12%
Vacant Homes
Average Age of Homes
13
45

Panama Real Estate Offices

Real Estate Careers Near Panama

Panama Real Estate Agents

Panama is one of the best places to live!

Coldwell Banker Best Places to Live
With the Coldwell Banker Best Places to Live guide, we can find the perfect place for you — whether you're a social seeker or a suburbanite. Learn About Best Places.

About Schools in Panama

Panama offers a range of educational opportunities with 0 elementary schools, 0 middle schools and 0 high schools.

Contact a Coldwell Banker® real estate agent to learn more about the schools and school districts in Panama, Illinois.

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