Foreclosures in Pana, IL

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View this home at Cleveland Ave Panama IL 62077
$200,924 EMV

| 1 Bath | 1,260 Sq. Ft.

4 View this home at Depot St. Panama IL 62077

4 Bed | 3 Bath | 2,620 Sq. Ft.

5 View this home at Cleveland Ave. Panama IL 62077
$174,432 EMV

3 Bed | 1 Bath | 1,260 Sq. Ft.

View this home at Jerrerson St Panama IL 62077

| 1 Bath | 940 Sq. Ft.

View this home at E 4th St Pana IL 62557
$107,159 EMV
View this home at N Pine St, Trlr 37 Pana IL 62557
View this home at S Walnut St Pana IL 62557
$35,150 EMV
View this home at N Pine St, Trlr 25 1/2 Pana IL 62557
View this home at E 1100 North Rd Pana IL 62557
View this home at E 650 North Rd Pana IL 62557
$514,961 EMV
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Home Value Estimator For Pana, IL

There are currently 2,416 real estate properties in Pana, IL, with a median automated valuation model (AVM) price of $81,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pana, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pana, IL, is $97,498.00, with the most expensive house in Pana, IL, topping out at $764,000.00 and the cheapest home in Pana, IL, clocking in at $11,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Pana, IL!

Rent Prices In Pana, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pana, IL, is on a rollercoaster ride. The average rent price in Pana, IL, is $907.00. Indeed, when looking to rent in Pana, IL, you can expect to pay as little as $470.00 or as much as $2,290.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Pana, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Pana, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Pana, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Pana, IL and much more. Save thousands at closing with home foreclosure listings in Pana, IL — up to 75% off market value!

Top Reasons To Live In Pana, IL In 2023

Pana is located in Christian, Illinois, with an estimated municipal population of 5,376 residents. All of the best foreclosed homes for sale in Pana are located in the following zip code areas on 62557. The estimated population per square kilometer (.62 miles) in Pana is 542.

Cost Of Living In Pana, IL

So, about how much do homes cost in Pana? The most recent median value of resident-owned homes in Pana is 75,298. An estimated 73.9 percent of households in Pana own their homes, with an average family size of 2.65. The median household income in Pana is 50,028, with7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pana, the median commute time of resident workers (in minutes) is 26.9. And last, but certainly not least, are you looking for homes to rent in Pana? If so, the average rent price paid by renters in Pana is 638, according to recent statistics.

Diversity And Demographics In Pana, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Pana, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Pana is 40.9, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Pana is 48, with an average family size of 2.65.

The percentage of residents who report their race in Pana is as follows:

White 98.3%
Black / African American 0.9%
Asian 0.5%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.3%
Other 0%

Looking for family-friendly neighborhoods in and/or near Pana? Or maybe you are searching for 55+ active adult communities in and/or near Pana?

The percentage of residents who report their age in Pana is as follows:

Under 10 14.8%
Aged 10-19 10.1%
20s 9.7%
30s 15.4%
40s 5.8%
50s 15%
60s 15.1%
70s 8.8%
80+ 5.2%

Best Schools In Pana, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Pana with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pana.

Pros And Cons Of Living In Pana, Illinois

How do you know that living in -- or moving to -- Pana is right where you need to be? Perhaps you grew up in Pana or already live nearby; therefore, the decision to buy a home in Pana is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pana for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Pana:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pana.

Reasons To Move To Pana, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pana can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pana, meanwhile, can field multiple offers from more qualified buyers.

Pana, IL Foreclosures


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