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Panama, IL Real Estate

Panama, Illinois is located in Montgomery County. Nearby cities and towns include Donnellson, Sorento, Walshville, Taylor Springs, Coffeen, New Douglas, Old Ripley, Hillsboro, Schram City, Mount Olive, Butler, Litchfield, Greenville, Lake Ka-Ho, White City, Williamson, Livingston, Smithboro, Irving, Pocahontas, Staunton, Fillmore, Alhambra, Eagarville, Sawyerville, Benld, Mulberry Grove, Grantfork, Mount Clare, Gillespie, East Gillespie, Pierron, Bingham, Wilsonville, Witt, Worden, Hamel, Dorchester, Raymond, Highland, Coalton, Marine, Vandalia, Harvel, Nokomis, Bunker Hill, Holiday Shores, Ramsey, Wenonah, Keyesport, and Royal Lakes. Panama is a rural community with a population of 324. The median household income is $42,916. In Panama, 25% of residents are married, and families with children reside in 33% of the households. Half the population of Panama commutes 31 minutes or less to work, with 52% of residents holding white collar jobs and 48% residents holding blue collar jobs. The median age of homes in Panama, IL is 45 years, with 74% of those homes owned, 15% rented, and 12% not occupied.

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Panama, IL Local Market & Demographic Data

Married vs. single

Panama, IL
  • 75% Single
  • 25% Married
  • 51% Single
  • 49% Married

Male VS. Female

Panama, IL
  • 31% Female
  • 69% Male
  • 51% Female
  • 49% Male

Average Age of Citizens in Panama, IL

  • 39
  • 38
  • Panama, IL
  • Illinois

Average Age of Homes in Panama, IL

  • 45
  • 38
  • Panama, IL
  • Illinois

Vacant Homes in Panama, IL

  • 12%
  • 8%
  • Panama, IL
  • Illinois

Average INCOME of Citizens

  • $58,258
  • $77,034
  • Panama, IL
  • Illinois

Owned Homes vs. Rented Homes

Panama, IL
  • 74% Owned
  • 15% Rented
  • 60% Owned
  • 32% Rented