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Affordable
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These days, finding an affordable place to live in the Pana area can be challenging. Home prices in Pana are now at a median cost of $96,819, lower than the Illinois average of $300,242.
The average cost of rent is $686/mo in Pana, primarily driven by the current value of real estate in the Pana area. In Pana, 30.74% of households rent, and 55.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pana is $5,000 per month. Households that rent pay about 13.73% of their income on rent here. Pana’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rosamond, IL: higher priced homes
- Millersville, IL: higher priced homes
- Tower Hill, IL: higher priced homes
- Oconee, IL: higher priced homes
- Ohlman, IL: higher priced homes
- Assumption, IL: equally priced homes
- Henton, IL: higher priced homes
- Owaneco, IL: higher priced homes
- Lakewood Township, IL: higher priced homes
- Nokomis, IL: equally priced homes
Cities with Similar Populations
- Ridgway, PA: higher priced homes
- Huntington Woods, MI: higher priced homes
- Huntsville, AR: higher priced homes
- Huron, CA: higher priced homes
- Hutchins, TX: higher priced homes
- Ijamsville, MD: higher priced homes
- Imperial, PA: higher priced homes
- Independence, OH: higher priced homes
- Indian Hill, OH: higher priced homes
- Inola, OK: higher priced homes
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