Panama, Oklahoma.
Typical home $119,872 (-0.9% in a year).
to buy the typical home at today's mortgage rate — +$395 (+169%) since Jan 2020.
- 1 year
- Down $1,093 -1%
- $120,965$119,872 since Sep 2025
- 5 years
- Up $36,008 +43%
- $83,863$119,872 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.
- Panama$629
- Oklahoma$1,159
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Panama, OK fell 0.9% over the past year — slower than the nation's +1.2%.
Living in Panama, Le Flore County, Oklahoma
Panama is a town of 1,269 people in Le Flore County. 65% of its homes are lived in by their owners and 35% are rented. Unemployment in Le Flore County was 4.4% in August 2026, and the county had 2.6% more jobs in 2025 than the year before. The most people in Le Flore County work in schools and health care, then shops.
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 It can be wrong or out of date.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. Panama is a small town in Le Flore County, in eastern Oklahoma, and its residents are younger than in many towns. Most homes are lived in by their owners, and incomes run below the county's, with more people living in poverty than is typical. Few adults hold a four-year degree. Winters are cold but short of harsh, and summers are hot.
Work. Residents work mostly in schools, hospitals and social care, in shops, in manufacturing and in the building trades. Across Le Flore County, some of the largest workplaces are Walmart, Poteau Schools and Eastern Oklahoma Medical Center. Unemployment in the county is about where it was a year ago, and the county has added jobs over the past year.
Things to do. The nearest water is James Fork, which runs in or beside town, and Twyman Park is a short drive away. For a longer outing, Lake Wister is a reservoir a longer drive away, and Fort Smith National Historic Site is a protected area, also a longer drive away. Spiro Mounds, an archaeological site, is another longer drive from town.
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- 592households
- 7%of adults have a degree
- 29%below the poverty line
- 26 mintypical commute
- 8%work from home
What people in Le Flore County work in
Employed residents by industry, from the Census survey. Le Flore County had 11,998 jobs in 2025, 2.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 50° and lows near 27°; warmest in July, with highs near 93° and lows near 70°.
Average daily high and low, 1991–2020, at the Wister 3S weather station, 16 miles away (NOAA).
Largest workplaces in Le Flore County
- WalmartWarehouse clubs and supercenters317
- Robinson ConstructionHeavy civil road construction contractor290
- Poteau SchoolsSchool district263FTE
- Carl Albert State CollegeTwo-year college231
- Eastern Oklahoma Medical CenterCritical access hospital128FTE
- Heavener SchoolsSchool district124FTE
- Spiro SchoolsSchool district124FTE
- Harps Food StoreRetail grocery114
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 17 workplaces with 20 or more staff, 1,393 people in all across the county; Panama has none of its own. School districts come from the Common Core of Data (NCES, 2023–24), colleges from IPEDS (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
- Ice stormsVery high
- Inland floodingVery high
- TornadoesVery high
- WildfireRelatively high
- Heat wavesRelatively high
- LightningRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Panama’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 Le Flore County.
Panama home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Panama$119,872
- Oklahoma$220,801
- 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.
Zip codes with a Panama address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Panama — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.