Housing data for Panama, OK
Panama, OK has an estimated 1,415 residents and 707 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Le Flore County.
34.6% of households rent.
The median gross rent is $776 a month.
Figures last updated on .
- Residents
- 1,415 (±245)
- Housing units
- 707 (±139)
- Households that rent
- 34.6%
- Median gross rent
- $776
- Residents since 2015–2019
- +6.1%
Housing in Panama at a glance
- Median rent: $776 median gross rent a month
- Rent by bedrooms: $778 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 62.3% of renters pay 30% or more of income
- Renters and owners: 34.6% of households rent
- Income and affordability: $47,136 median household income
- Home values: $124,800 median home value
- Homeowner costs: $896 median monthly cost with a mortgage
- Property taxes: $667 median real estate taxes a year (Small sample: wide margin of error)
- Types of homes: 4.7% of homes are in buildings of 5 or more units
- Bedrooms: 66.5% of homes have 3 or more bedrooms
- Age of homes: 44.4% of homes were built before 1980
- Vacancy rate: 4.2% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 70.8% heat with electricity
- Commute and cars: 26.2 minutes average trip to work
- Crime reported to police: 77 violent crimes per 100,000 residents
- Growth: +6.1% residents since 2015–2019
- How long people stay: 29.5% moved in since 2020
- Crowding and facilities: 2.7% of homes have more than 1 person per room (Small sample: wide margin of error)
Panama against Le Flore County, its state and the nation
| Panama | Le Flore County | Oklahoma | United States | |
|---|---|---|---|---|
| Residents | 1,415 (±245) | 49,053 (exact) | 4,028,634 (exact) | 334,922,499 |
| Housing units | 707 (±139) | 21,249 (±59) | 1,775,127 (±745) | 143,775,355 |
| Households that rent | 34.6% (±9.4 points) | 27.2% (±1.4 points) | 34.2% (±0.2 points) | 34.8% |
| Median gross rent | $776 (±$38) | $798 (±$24) | $1,014 (±$6) | $1,413 |
| Median household income | $47,136 (±$14,509) | $51,565 (±$2,050) | $65,039 (±$439) | $80,734 |
| Median home value | $124,800 (±$33,609) | $135,700 (±$7,337) | $199,800 (±$1,121) | $332,700 |
| Median real estate taxes (a year) | $667 (±$453) | $845 (±$39) | $1,599 (±$11) | $3,119 |
| Built before 1980 | 44.4% (±9.1 points) | 42.8% (±2.0 points) | 49.4% (±0.3 points) | 49.7% |
| Average commute | 26.2 minutes (±5.9) | 24.2 minutes (±0.9) | 22.4 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 92.7% (±3.7 points) | 81.4% (±1.4 points) | 88.9% (±0.2 points) | 91.0% |
| Median age of residents | 31.5 years (±3.8) | 38.7 years (±0.4) | 37.0 years (±0.1) | 38.9 years |
Panama covers 2.3 square miles of land, about 626 residents per square mile (Census Bureau Gazetteer).
How Panama has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,334 (±178) | 1,415 (±245) | +6.1% | Not a measurable change |
| Housing units | 630 (±47) | 707 (±139) | +12.2% | Not a measurable change |
| Median gross rent | $729 (±$58) | $776 (±$38) | +6.4% | Down after inflation |
| Median home value | $60,000 (±$7,764) | $124,800 (±$33,609) | +108.0% | Up after inflation |
| Median household income | $31,346 (±$5,463) | $47,136 (±$14,509) | +50.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $731 (±$71) | $896 (±$97) | +22.6% | No measurable change after inflation |
| Median real estate taxes | $302 (±$58) | $667 (±$453) | +120.9% | No measurable change after inflation |
| Households that rent | 41.5% (±5.5 points) | 34.6% (±9.4 points) | −6.9 percentage points | Not a measurable change |
| Rental vacancy rate | 8.4% (±5.2 points) | 4.2% (±4.3 points) | −4.2 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 Panama
In 2025, the Panama Police Department reported 77 violent and 536 property crimes per 100,000 residents to the FBI.
Across Le Flore County, the departments that report recorded 273 violent and 908 property crimes per 100,000 residents that year.
ZIP codes in Panama
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 74951 | 50% | 1,508 | $785 | $124,800 | $49,375 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Panama
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Shady Point | 3.0 mi | $618 | $104,700 | 31.0% |
| Spiro | 5.4 mi | $830 | $100,700 | 39.3% |
| Bokoshe | 7.0 mi | $592 | $80,800 | 28.3% |
| Cameron | 7.7 mi | $717 | $75,000 | 32.2% |
| Poteau | 7.9 mi | $853 | $157,400 | 37.7% |
| Fort Coffee | 10 mi | $758 | $83,700 | 25.0% |
| Rock Island | 11 mi | $772 | $134,700 | 26.7% |
| Pocola | 13 mi | $826 | $151,100 | 29.9% |
Places in Oklahoma most like Panama
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Howe | $754 | $108,600 | $52,031 | 32.3% |
| Muldrow | $719 | $114,300 | $45,067 | 36.5% |
| Park Hill | $798 | $174,400 | $47,064 | 36.7% |
| Bokchito | $755 | $97,700 | $41,250 | 36.5% |
| Prague | $806 | $120,200 | $50,893 | 36.8% |
| Sperry | $854 | $109,500 | $49,583 | 28.3% |
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 Oklahoma.
HUD Fair Market Rent for Panama, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $647 | $700 | $916 | $1,268 | $1,405 |
HUD income limits for Panama, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $15,960 | $26,600 | $42,500 |
| 2 people | $21,640 | $30,400 | $48,600 |
| 3 people | $27,320 | $34,200 | $54,650 |
| 4 people | $33,000 | $37,950 | $60,700 |
| 5 people | $38,680 | $41,000 | $65,600 |
| 6 people | $44,050 | $44,050 | $70,450 |
| 7 people | $47,100 | $47,100 | $75,300 |
| 8 people | $50,100 | $50,100 | $80,150 |
These are the limits HUD sets for its housing programs in the Le Flore County, OK, where HUD’s median family income for fiscal year 2026 is $69,300.
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 Panama
What is the average rent in Panama, OK?
The Census Bureau publishes the median rather than the average: the median gross rent in Panama is $776 (±$38) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
Are renters in Panama rent-burdened?
62.3% of renting households in Panama pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Panama?
Panama has an estimated 205 (±48) renting households, 34.6% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Panama?
The median household income in Panama is $47,136 (±$14,509) a year (2020–2024 American Community Survey).
What is the average home value in Panama, OK?
The Census Bureau publishes the median: $124,800 (±$33,609) for owner-occupied homes in Panama (2020–2024 American Community Survey).
What is the average mortgage payment in Panama?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Panama, OK is $896 (±$97) a month, including taxes, insurance and utilities.
Is Panama growing?
In Panama, the number of residents went from 1,334 in 2015–2019 to 1,415 in 2020–2024 (+6.1%), not a measurable change.
What ZIP codes are in Panama?
The ZIP code that covers Panama is 74951.
What is the median rent in ZIP code 74951?
The median gross rent in ZIP Code Tabulation Area 74951 is $785 (±$31) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Panama town, Oklahoma
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Panama town, Oklahoma
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Panama town, Oklahoma
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Panama town, Oklahoma
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Panama town, Oklahoma
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Panama town, Oklahoma
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Panama town, Oklahoma
- HUD Fair Market Rents, fiscal year 2027: Le Flore County, OK
- HUD Income Limits, fiscal year 2026: Le Flore County, OK
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Panama Police Department (ORI OK0402200)
- FBI: Uniform Crime Reporting statistics and their proper use
- 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 town, Oklahoma (place:56900, in state:40).
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 .