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Panama 62077

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Illinois
$47K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
+44.6%
1-yr changeHow much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.
6
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$52K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Apr 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
20172018202020212022202420252026
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
20172018202020212022202420252026
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
20172018202020212022202420252026
Sale premium vs estimated valueHow sale prices compare with our estimated values at the time of sale. Above the dashed line, homes sold for more than the models expected — a sign of competitive bidding. Below it, buyers paid under model value.Premium
20172018202020212022202420252026
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
20172018202020212022202420252026
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
20172018202020212022202420252026
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
20172018202020212022202420252026
Sellers who sold at a gainThe share of sellers each month who sold for more than they originally paid.Sold at gain
20172018202020212022202420252026
Typical hold before sellingThe middle number of years sellers owned their home before selling.Median hold
20172018202020212022202420252026
Median annualized return at resaleThe middle yearly gain sellers earned, spread across the years they owned the home. Only counts homes held at least a year.Annualized gain
20172018202020212022202420252026
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
202320242026

Housing Stock

HomesHow many homes we have records for in this area.167
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$52K
Median sizeThe middle home size here, measured in square feet.980 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1900
Single familyThe share of homes here that are single-family houses.92%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.73%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0.9%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.73%
Company ownedThe share of homes owned by a company or trust instead of a person.4.8%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.10.3 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.109
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.124

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.91%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.12%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.8%
PopulationHow many people live in this area.2
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.16 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$64K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$74K
Average tempThe average temperature here across a full year.54°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Panama 62077 compares

By median home value, Panama 62077 is the 16th most expensive of 16 ZIP codes in Montgomery County, and its typical home is worth more than 21% of all homes in Montgomery County.

Home values in Panama 62077

Share of homes at each estimated value.

Median
$20K$161K
ZIP codes in Montgomery County ranked by median home value
#Montgomery CountyMedian valueHomes
1Walshville 62091$179K164
2Butler 62015$145K250
3Raymond 62560$139K612
4Farmersville 62533$127K412
5Litchfield 62056$104K3,427
6Hillsboro 62049$103K2,695
7Donnellson 62019$103K279
8Harvel 62538$94K156
9Waggoner 62572$89K232
10Fillmore 62032$89K347
11Irving 62051$83K411
12Coffeen 62017$81K572
13Nokomis 62075$79K1,611
14Witt 62094$62K558
15Taylor Springs 62089$60K216
16Panama 62077$52K167

About the Panama 62077 market

What is the median home price in Panama 62077, IL?

The median sale price in Panama 62077, IL is $47,000 (data through April 2026), based on deeds recorded with the county. That is up 44.6% from a year earlier.

How many homes sell in Panama 62077, IL each year?

6 homes sold in Panama 62077, IL over the last 12 months (data through April 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Panama 62077, IL?

Panama 62077, IL contains 167 residential properties, with a median of 980 square feet, 3 bedrooms, built around 1900. The median TopHap Estimate is $52K.

How does Panama 62077, IL compare to the rest of Montgomery County?

By median home value, Panama 62077, IL is the 16th most expensive of 16 ZIP codes in Montgomery County. Its typical home is worth more than 21% of all homes in Montgomery County. Taylor Springs 62089 ranks just above it. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Panama 62077, IL?

73% of homes in Panama 62077, IL are owner-occupied. 5% are held by a company rather than an individual.

How much equity do owners in Panama 62077, IL hold?

73% of mortgaged homes in Panama 62077, IL are equity-rich, meaning the loan balance is under half the home's value. 0.9% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Panama 62077 on the map

See every recorded sale, price heat map, school zone and flood overlay across Panama 62077in TopHap’s interactive 3D map.

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