Panama, OK housing market
The typical Panama home is worth about $116,000, down 0.8% in a year, 48% below the Oklahoma typical home.
Home values, sales, trends and how Panama compares with the towns next door — updated as new data is published.
Panama at a glance
Typical home value, 2016–2026
Show as a table
| January | Panama | Oklahoma |
|---|---|---|
| 2017 | $55,000 | $130,000 |
| 2018 | $56,000 | $134,000 |
| 2019 | $60,000 | $139,000 |
| 2020 | $63,000 | $148,000 |
| 2021 | $73,000 | $163,000 |
| 2022 | $90,000 | $185,000 |
| 2023 | $104,000 | $203,000 |
| 2024 | $104,000 | $210,000 |
| 2025 | $117,000 | $217,000 |
| 2026 | $119,000 | $221,000 |
| August 2026 | $116,000 | $223,000 |
2.5 years of income
The typical Panama home costs about 2.5 years of the town's median household income, less than across Oklahoma (3.4 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Panama is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Panama pay a median of $776, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $710 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (74951; Le Flore County, OK), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.