2026 Affordability Data
Most Affordable Neighborhoods in Panama - 2026 Data
The median home value in Panama is $112,800, 60% below nat'l avg. Median rent is $766/month. With an affordability index of 103, Panama is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Panama, FL area.
Key Takeaways: Affordability in Panama
- 1The most affordable neighborhood in Panama is Sanford, with a median home value of $77,800.
- 2Panama's median home value is $112,800, 60% below nat'l avg (national: $281,900).
- 3Panama's affordability index is 103 (baseline 100), making it more affordable than the national average.
- 4Median rent in Panama is $766/month, 34% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Panama to find the most affordable areas based on home values, rent, and affordability index.
Panama Affordability Overview
Median Home Value
$112,800
60% below nat'l avg
Median Rent
$766/mo
34% below nat'l avg
Median Income
$31,944
57% below nat'l avg
Affordability Index
103
3% above nat'l avg
Most Affordable Neighborhoods in Panama (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | SanfordFL | $77,800 |
| 2 | Avon ParkFL | $101,300 |
| 3 | Lake WalesFL | $208,500 |
| 4 | WildwoodFL | $363,900 |
| 5 | Miami Shores villageFL | $682,100 |
| 6 | Pinecrest villageFL | $1,129,900 |
| 7 | Wellington villageFL | $492,300 |
| 8 | DavenportFL | $274,900 |
| 9 | Belle GladeFL | $136,500 |
| 10 | SeminoleFL | $279,000 |
| 11 | West ParkFL | $305,400 |
| 12 | MinneolaFL | $348,700 |
| 13 | BartowFL | $195,200 |
| 14 | Key Biscayne villageFL | $1,331,900 |
| 15 | SebringFL | $152,000 |
Detailed Neighborhood Profiles
Home Value: $77,800
Rent: $1,233/mo
Affordability: 258
Population: 1,397
Walk Score: 68/100
Home Value: $101,300
Rent: $776/mo
Affordability: 214
Population: 9,789
Home Value: $208,500
Rent: $776/mo
Affordability: 214
Population: 16,455
4
Home Value: $363,900
Rent: $776/mo
Affordability: 214
Population: 15,735
5
Home Value: $682,100
Rent: $776/mo
Affordability: 214
Population: 11,638
6
Home Value: $1,129,900
Rent: $776/mo
Affordability: 214
Population: 18,279
7
Home Value: $492,300
Rent: $776/mo
Affordability: 214
Population: 61,373
8
Home Value: $274,900
Rent: $776/mo
Affordability: 214
Population: 10,246
9
Home Value: $136,500
Rent: $776/mo
Affordability: 214
Population: 16,896
10
Home Value: $279,000
Rent: $776/mo
Affordability: 214
Population: 19,287
11
Home Value: $305,400
Rent: $776/mo
Affordability: 214
Population: 15,074
12
Home Value: $348,700
Rent: $776/mo
Affordability: 214
Population: 14,406
13
Home Value: $195,200
Rent: $776/mo
Affordability: 214
Population: 19,424
14
Home Value: $1,331,900
Rent: $776/mo
Affordability: 214
Population: 14,572
15
Home Value: $152,000
Rent: $776/mo
Affordability: 214
Population: 11,006
Frequently Asked Questions About Affordability in Panama
What is the most affordable neighborhood in Panama, FL?▾
Based on 2026 data, Sanford is the most affordable neighborhood in Panama with a median home value of $77,800. Kurby analyzed 15 neighborhoods in the Panama area to compile these rankings.
What is the median home price in Panama, FL?▾
The median home price in Panama is $112,800, which is 60% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Panama affordable compared to the national average?▾
Panama has an affordability index of 103, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Panama, FL?▾
The median monthly rent in Panama is $766. This is 34% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Panama?▾
The median household income in Panama is $31,944 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Panama are below the national average home price?▾
8 out of 15 ranked neighborhoods in Panama have a median home value below the national average of $281,900. The most affordable is Sanford at $77,800 (Source: Kurby, 2026).