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Panama, NY Real Estate

Panama, New York is located in Chautauqua County. Nearby cities and towns include Bear Lake, Bemus Point, Sherman, Lakewood, Chautauqua, Sugar Grove, Columbus, Jamestown West, Busti, Celoron, Mayville, Jamestown, Corry, Falconer, Frewsburg, Wattsburg, Sinclairville, Ripley, Youngsville, Westfield, Elgin, Russell, Spartansburg, North East, Cassadaga, Kennedy, North Warren, Starbrick, Brocton, Union City, Warren, and Cherry Creek. Panama is a rural community with a population of 476. The median household income is $41,943. In Panama, 62% of residents are married, and families with children reside in 33% of the households. Half the population of Panama commutes 22 minutes or less to work, with 68% of residents holding white collar jobs and 32% residents holding blue collar jobs. The median age of homes in Panama, NY is 48 years, with 68% of those homes owned, 16% rented, and 16% not occupied. In the previous year, 4 Panama properties were sold. The median sale price of a home in Panama in the previous year was $202,975.

About Schools in Panama, NY

Panama offers a range of educational opportunities with 2 elementary schools and 2 high schools.

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Panama, NY Local Market & Demographic Data

Married vs. single

Panama, NY
  • 38% Single
  • 62% Married
New York
  • 55% Single
  • 45% Married

Male VS. Female

Panama, NY
  • 49% Female
  • 51% Male
New York
  • 52% Female
  • 48% Male

Average Age of Citizens in Panama, NY

  • 41
  • 39
  • Panama, NY
  • New York

Average Age of Homes in Panama, NY

  • 48
  • 46
  • Panama, NY
  • New York

Vacant Homes in Panama, NY

  • 16%
  • 9%
  • Panama, NY
  • New York

Average INCOME of Citizens

  • $43,988
  • $82,366
  • Panama, NY
  • New York

Owned Homes vs. Rented Homes

Panama, NY
  • 68% Owned
  • 16% Rented
New York
  • 46% Owned
  • 45% Rented