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Panora

Learn about the people, housing, costs and businesses in Panora, Iowa

Median Home$191,500
Median Rent$947/month
Population1,086
Leading IndustriesFinance & Insurance · Information & Media · Construction10% finance & insurance
Home Value Growth⬆⬆⬆+25.8% over 2 years
Retirees31% of residentswell above average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Panora
IA

Frequently Asked Questions

What are today's mortgage rates in Panora?

As of today, the 30-year fixed mortgage rate for Panora is approximately 7.067% (7.112% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Panora?

The median home value in Panora is $192k. The median monthly rent is $947. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Panora?

Home values in Panora have increased 25.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Panora?

Based on a typical all-in ownership cost of $999/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Panora is $79k/year.

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What industries drive the economy in Panora?

The largest employment sectors in Panora are public administration (19%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.