74951, Panama, OK

The Panama, OK home equity and home prices are reflective of the overall market in the 74951 zip code. The median home value in this area is $101,000, which is lower than the statewide median of $128,000. However, Panama's home values are still higher than most other areas in Oklahoma. The average price per square foot in Panama is $60.00, which is higher than the statewide average of $47.00.

Panama's low unemployment rate and strong economy are likely contributors to its high home values and stable market conditions. Additionally, many homes in this area were built before 2000, which may also contribute to their high value relative to newer homes. Despite these factors, there has been some recent speculation that the Panama housing market could be cooling off due to rising interest rates and stricter lending criteria by banks. If this proves to be true, then it would likely have a negative impact on home values in the 74951 zip code over time.