51562
Panama, Iowa.
Panama, Shelby County, IA · population 506
to buy the typical home at today's mortgage rate — +$621 (+88%) since Feb 2022.
- 1 year
- Up $19,584 +8%
- $233,517$253,102 since Sep 2025
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 51562$1,328
- United States$1,922
Typical home values in zip 51562 rose 8.4% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Panama, IA — measured over the city limits, which is a different area from this zip.
Typical home value — 51562
Mid-tier homes, smoothed and seasonally adjusted.
- 51562$253,102
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.5 | 51530 | Earling | 809 | — | $236,115 |
| 5.7 | 51565 | Portsmouth | 516 | — | $274,255 |
| 10.6 | 51527 | Defiance | 362 | — | $207,233 |
| 10.7 | 51579 | Woodbine | 2,282 | — | $234,339 |
| 11.4 | 51563 | Persia | 629 | — | $257,378 |
| 11.4 | 51529 | Dunlap | 1,732 | — | $199,198 |
| 12.0 | 51537 | Harlan | 6,382 | — | $204,536 |
| 13.9 | 51528 | Dow City | 674 | — | $161,920 |
| 14.2 | 51570 | Shelby | 1,118 | — | $256,061 |
| 15.2 | 51546 | Logan | 3,114 | — | $267,798 |
| 16.3 | 51446 | Irwin | 499 | — | $150,253 |
| 18.5 | 51454 | Manilla | 1,254 | — | $166,898 |
| 18.8 | 51521 | Avoca | 1,953 | — | $235,375 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.