Home prices
The median home in Panama is valued at $60,000. This is roughly $11,440 (16%) lower in comparison to its nearby areas.It is approximately $157,500 (72%) lower in comparison to the United States as a whole, and is about $147,600 (71%) lower in comparison to the city of Fayetteville.
Rents
The median monthly rent in Panama is $729. It is about $72 (10%) higher compared to its nearby areas.Compared to the United States as a whole it is about $333 (31%) lower, and compared to the city of Fayetteville is roughly $70 (8%) lower.
Nearby places
Shady Point
Shady Point is roughly 3 miles south from Panama. Housing prices there are a bit more expensive. The median home in Shady Point is valued at $79,400, which comes out to $19,400 (24%) higher than Panama. Rents there are somewhat less expensive. In Shady Point the median rent is $667 per month, which comes out to $62 (9%) lower than Panama.
Spiro
Spiro is roughly 5 miles northeast of Panama. Its real estate prices are somewhat more expensive. The price of the median home in Spiro is $83,600, which comes out to $23,600 (28%) higher than Panama. The rent there is a bit less expensive. In Spiro the median rent is $686 a month, which is $43 (6%) lower than Panama.
Bokoshe
Bokoshe is about 6 miles west of Panama. Its housing prices are similar. The median home value in Bokoshe is $62,200, which is $2,200 (3%) higher than Panama. Its rents are substantially less expensive. The median monthly rent in Bokoshe is $525, which is $204 (38%) lower than Panama.
Cameron
Cameron is about 7 miles east from Panama. The housing prices there are substantially less expensive. The median home in Cameron is valued at $33,500, which works out to $26,500 (79%) lower than Panama. Its rents are similar. The median rent in Cameron is $738 a month, which comes out to $9 (1%) higher than Panama.
Rock Island
Rock Island is about 9 miles east from Panama. Real estate prices there are significantly more expensive. Rock Island's median home price is $98,500, which works out to $38,500 (39%) higher than Panama. Its rents are a little less expensive. In Rock Island the median monthly rent is $669, which works out to $60 (8%) lower than Panama.
