Panaca, Nevada.
Typical home $236,428 (-3.8% in a year).
to buy the typical home at today's mortgage rate — +$598 (+93%) since Jan 2020.
- 1 year
- Down $9,452 -4%
- $245,880$236,428 since Sep 2025
- 5 years
- Up $19,860 +9%
- $216,568$236,428 since Sep 2021
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.
- Panaca$1,241
- Nevada$2,313
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 40 years.
Typical home values in Panaca, NV fell 3.8% over the past year — slower than the nation's +1.2%.
Living in Panaca, Lincoln County, Nevada
Panaca, in Lincoln County, had 870 people in the 2020 census. Unemployment in Lincoln County was 4.0% in August 2026, and the county had 2.0% more jobs in 2025 than the year before.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Panaca is a small community in Lincoln County, in the high desert of eastern Nevada. Winters are cold, with some snow, and summers turn hot, while the year as a whole stays dry. Incomes in the county run a little below those in many parts of the country, and very few residents fall under the poverty line. Homes in town are modestly priced.
Work. Across Lincoln County, the largest workplaces are Lincoln Schools, Grover C Dils Medical Center, a critical access hospital, and Lake Valley Operations Nevada, a fresh-produce wholesaler. Unemployment in the county is a little lower than it was a year ago, and the county added jobs last year.
Things to do. Cathedral Gorge State Park, a protected area, lies in or beside town and is the nearest place to get outdoors. A longer drive away are Echo Canyon State Park and Kershaw–Ryan State Park, both protected areas, and Thompson's Opera House, a theatre.
Report a mistake
- 1%below the poverty line
Weather through the year
Coldest in December, with highs near 46° and lows near 17°; warmest in July, with highs near 93° and lows near 56°. About 12 inches of snow and 11 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Cathedral Gorge Sp weather station, a mile away (NOAA).
Largest workplaces in Lincoln County
- Lincoln SchoolsSchool district104FTE
- Grover C Dils Medical CenterCritical access hospital65FTE
- Lake Valley Operations NevadaProduce, fresh, merchant wholesalers23
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1 workplace with 20 or more staff, 23 people in all across the county; Panaca has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireRelatively high
- LightningRelatively high
- Inland floodingRelatively high
- Winter weatherRelatively high
- DroughtRelatively moderate
- EarthquakesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Panaca’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lincoln County.
Panaca home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Panaca$236,428
- Nevada$440,739
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Panaca5
Zip codes with a Panaca address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Panaca — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.