Housing market · ZIP 51562

Panama, IA Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$250,224

3-month+2.2%

6-month+3.5%

12-month+5.9%

Touse 12-month forecast

+4.5%

Projected median near $261,394 over the next 12 months

As of April 2026, the median home value in Panama, IA (ZIP 51562) is $250,224. Prices are rising, up 5.9% over the past year. Touse's model projects a +4.5% change over the next 12 months, putting the median near $261,394.

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Nearby areas in Shelby

Irwin 51446 Kirkman 51447 Defiance 51527 Earling 51530 Elk Horn 51531 Harlan 51537 Portsmouth 51565 Westphalia 51578

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.