HomeIowaShelby CountyPanama city
Panama city, Iowa: commercial real estate data.
Panama city is a Census city of 245 people across 0.29 square miles of land, in Shelby County. Median household income is $63,125, 77.0 percent of occupied homes are owned.
60 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Panama
What Panama is
- Census place typecity
- Land area0.29 sq mi
- Water area0 sq mi
- Population per square mile of land841 plus or minus 381
- County holding the largest share of its areaShelby County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
How many people live in Panama
- Population245 plus or minus 111
- Median age36.7
- Population under 1870 plus or minus 47
- Share under 1828.6 percent plus or minus 14.3
- Population 65 and over30 plus or minus 17
- Share 65 and over12.2 percent plus or minus 4.3
- Households113 plus or minus 47
- Family households61 plus or minus 37
- Share of households that are families54.0 percent plus or minus 23.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
Income and work in Panama
- Median household income$63,125 plus or minus $62,459
- Per capita income$44,847 plus or minus $11,106
- Civilian labor force147 plus or minus 62
- Employed143 plus or minus 61
- Unemployed4 plus or minus 6
- Unemployment rate2.7 percent plus or minus 3.9
- Adults 25 and over160 plus or minus 68
- Adults 25 and over with a high school diploma or higher98.1 percent plus or minus 55.9
- Adults 25 and over with a bachelor degree or higher13.8 percent plus or minus 7.9
- Adults 25 and over with a graduate degree4.4 percent plus or minus 7.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
Housing in Panama
- Housing units120 plus or minus 47
- Occupied units113 plus or minus 47
- Vacant units7 plus or minus 8
- Vacancy rate5.8 percent plus or minus 6.3
- Owner occupied87 plus or minus 38
- Renter occupied26 plus or minus 30
- Ownership rate77.0 percent
- Median owner-occupied home value$142,200 plus or minus $64,614
- Median gross rent, monthly$940 plus or minus $202
- Annual rent as a share of median income17.9 percent plus or minus 18.1
- Single family units111 plus or minus 47
- Share single family92.5 percent
- Units in buildings of two or more9 plus or minus 13
- Share in buildings of two or more7.5 percent plus or minus 10.8
- Mobile homes0
- Median year structure built1951
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
How Panama gets to work
- Workers 16 and over who commute138 plus or minus 63
- Commuting under 15 minutes96 plus or minus 62
- Share commuting under 15 minutes69.6 percent plus or minus 32.2
- Commuting 30 minutes or more23 plus or minus 16
- Share commuting 30 minutes or more16.7 percent plus or minus 8.5
- Drove alone81.1 percent plus or minus 21.2
- Carpooled1.4 percent plus or minus 2.7
- Public transport0.0 percent
- Walked14.0 percent plus or minus 20.1
- Worked from home3.5 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
SBA loans in Panama (504)
- Approvals2
- Gross approval$736,000
- Average approval$368,000
- Median approval$385,000
- Largest approval$385,000
- Jobs supported2
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Shelby County, not Panama
Shelby County context, not Panama figures
These are Shelby County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Panama measurements.
- Establishments in Shelby County384
- Employment at those establishments, Shelby County5,049
- Covered employment, Shelby County5,460
- Average annual pay, Shelby County$51,072
- Average weekly wage, Shelby County$982
- Housing units permitted, Shelby County6
- Of those, single family, Shelby County6
- County product, 2024, Shelby County$1,051,016,000
- County product change over the prior year, Shelby County0.5 percent
- Average income of an arriving household, Shelby County$50,616
Every figure in this section is published for Shelby County as a whole and is not a measurement of Panama. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Panama questions, answered from the record.
How many people live in Panama, Iowa?
245, in 113 households. Panama city covers 0.29 square miles of land, which is 841 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Panama in?
Shelby County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Panama?
$63,125. The median owner-occupied home is valued at $142,200. Median gross rent is $940 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Are the county figures on this page Panama figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Shelby County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Panama.
Is zoning published for Panama?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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