Housing data for the Village of Panama, NY
The Village of Panama, NY has an estimated 451 residents and 236 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Chautauqua County.
44.7% of households rent.
The median gross rent is $785 a month.
Figures last updated on .
- Residents
- 451 (±93)
- Housing units
- 236 (±55)
- Households that rent
- 44.7%
- Median gross rent
- $785
- Residents since 2015–2019
- +5.9%
What stands out in the Village of Panama
Households that rent: 44.7% (±12.6 points) in the Village of Panama, higher than in Chautauqua County (31.1%).
Median home value: $105,400 (±$13,618) in the Village of Panama, lower than in Chautauqua County ($127,900).
Homes heated by fuel oil: 0.9% (±1.5 points) in the Village of Panama, lower than in Chautauqua County (2.5%).
- Renters and owners in the Village of Panama
- Home values in the Village of Panama
- Heating fuel in the Village of Panama
Housing in the Village of Panama at a glance
- Median rent: $785 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $784 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 42.0% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 44.7% of households rent
- Income and affordability: $60,865 median household income
- Home values: $105,400 median home value
- Homeowner costs: $1,088 median monthly cost with a mortgage
- Property taxes: $2,500 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 34.7% of homes have 3 or more bedrooms
- Age of homes: 60.2% of homes were built before 1980
- Vacancy rate: 6.7% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 64.5% heat with utility gas
- Commute and cars: 23.7 minutes average trip to work
- Growth: +5.9% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 28.6% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
The Village of Panama against Chautauqua County, its state and the nation
| Village of Panama | Chautauqua County | New York | United States | |
|---|---|---|---|---|
| Residents | 451 (±93) | 125,544 (exact) | 19,852,366 (exact) | 334,922,499 |
| Housing units | 236 (±55) | 66,476 (±257) | 8,585,241 (±652) | 143,775,355 |
| Households that rent | 44.7% (±12.6 points) | 31.1% (±1.2 points) | 45.7% (±0.2 points) | 34.8% |
| Median gross rent | $785 (±$43) | $812 (±$21) | $1,621 (±$7) | $1,413 |
| Median household income | $60,865 (±$7,884) | $58,351 (±$1,736) | $85,974 (±$402) | $80,734 |
| Median home value | $105,400 (±$13,618) | $127,900 (±$4,463) | $423,800 (±$1,627) | $332,700 |
| Median real estate taxes (a year) | $2,500 (±$668) | $2,901 (±$75) | $6,582 (±$21) | $3,119 |
| Built before 1980 | 60.2% (±17.8 points) | 77.3% (±2.1 points) | 73.9% (±0.2 points) | 49.7% |
| Average commute | 23.7 minutes (±4.4) | 19.6 minutes (±0.6) | 32.6 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.2% (±8.3 points) | 88.5% (±1.0 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 46.6 years (±6.9) | 42.9 years (±0.3) | 39.8 years (±0.1) | 38.9 years |
The Village of Panama covers 2.2 square miles of land, about 204 residents per square mile (Census Bureau Gazetteer).
How the Village of Panama has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 426 (±69) | 451 (±93) | +5.9% | Not a measurable change |
| Housing units | 213 (±29) | 236 (±55) | +10.8% | Not a measurable change |
| Median gross rent | $613 (±$65) | $785 (±$43) | +28.1% | No measurable change after inflation |
| Median home value | $82,900 (±$3,224) | $105,400 (±$13,618) | +27.1% | No measurable change after inflation |
| Median household income | $44,000 (±$10,759) | $60,865 (±$7,884) | +38.3% | No measurable change after inflation |
| Median owner cost with a mortgage | $938 (±$176) | $1,088 (±$132) | +16.0% | No measurable change after inflation |
| Median real estate taxes | $1,920 (±$272) | $2,500 (±$668) | +30.2% | No measurable change after inflation |
| Households that rent | 40.0% (±7.7 points) | 44.7% (±12.6 points) | +4.7 percentage points | Not a measurable change |
| Rental vacancy rate | 5.0% (±8.2 points) | 6.7% (±11.5 points) | +1.7 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Chautauqua County
The Village of Panama has no police department of its own in the FBI’s figures, so this is the figure for Chautauqua County as a whole.
In 2025, the police departments that report for Chautauqua County recorded 224 violent and 1,325 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near the Village of Panama
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Town of Harmony | 2.0 mi | $788 | $128,300 | 15.4% |
| Town of North Harmony | 4.1 mi | $793 | $204,000 | 11.6% |
| Town of Clymer | 5.1 mi | $637 | $163,700 | 8.5% |
| Bear Lake | 5.2 mi | — | $70,000 | 10.6% |
| Town of Sherman | 6.7 mi | $774 | $133,000 | 24.9% |
| Freehold Township | 7.8 mi | — | $99,100 | 4.5% |
| Village of Bemus Point | 8.2 mi | $688 | $386,400 | 27.0% |
| Village of Sherman | 8.3 mi | $544 | $109,500 | 28.9% |
Places in New York most like the Village of Panama
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Village of Theresa | $946 | $164,900 | $58,583 | 41.8% |
| Village of Copenhagen | $972 | $169,700 | $58,977 | 45.8% |
| Town of Waterloo | $922 | $117,500 | $63,226 | 34.3% |
| Town of Little Valley | $742 | $118,000 | $56,184 | 32.4% |
| Village of Brocton | $753 | $110,100 | $58,500 | 35.5% |
| Town of Cherry Creek | $741 | $122,700 | $57,058 | 25.2% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New York.
HUD Fair Market Rent for the Village of Panama, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $706 | $786 | $1,014 | $1,338 | $1,393 |
HUD income limits for the Village of Panama, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,900 | $31,500 | $50,350 |
| 2 people | $21,640 | $36,000 | $57,550 |
| 3 people | $27,320 | $40,500 | $64,750 |
| 4 people | $33,000 | $44,950 | $71,900 |
| 5 people | $38,680 | $48,550 | $77,700 |
| 6 people | $44,360 | $52,150 | $83,450 |
| 7 people | $50,040 | $55,750 | $89,200 |
| 8 people | $55,720 | $59,350 | $94,950 |
These are the limits HUD sets for its housing programs in the Chautauqua County, NY, where HUD’s median family income for fiscal year 2026 is $78,900.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Village of Panama
How many renters are there in the Village of Panama?
The Village of Panama has an estimated 97 (±42) renting households, 44.7% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in the Village of Panama?
The median household income in the Village of Panama is $60,865 (±$7,884) a year (2020–2024 American Community Survey).
What is the average home value in the Village of Panama, NY?
The Census Bureau publishes the median: $105,400 (±$13,618) for owner-occupied homes in the Village of Panama (2020–2024 American Community Survey).
What is the average mortgage payment in the Village of Panama?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in the Village of Panama, NY is $1,088 (±$132) a month, including taxes, insurance and utilities.
How much are property taxes in the Village of Panama?
The median real estate tax paid by homeowners in the Village of Panama, NY is $2,500 (±$668) a year (2020–2024 American Community Survey).
How many homes are in the Village of Panama?
The Village of Panama, NY has an estimated 236 (±55) housing units, occupied and vacant (2020–2024 American Community Survey).
Is the Village of Panama growing?
In the Village of Panama, the number of residents went from 426 in 2015–2019 to 451 in 2020–2024 (+5.9%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Panama village, New York
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Panama village, New York
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Panama village, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Panama village, New York
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Panama village, New York
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Panama village, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Panama village, New York
- HUD Fair Market Rents, fiscal year 2027: Chautauqua County, NY
- HUD Income Limits, fiscal year 2026: Chautauqua County, NY
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Panama village, New York (place:56231, in state:36).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .