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Affordable
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These days, finding an affordable place to live in the Panaca area can be challenging. Home prices in Panaca are now at a median cost of $262,934, lower than the Nevada average of $441,980.
The average cost of rent is $920/mo in Panaca, primarily driven by the current value of real estate in the Panaca area. In Panaca, 34.43% of households rent, and 65.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Panaca is $5,469 per month. Households that rent pay about 16.82% of their income on rent here. Panaca’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bennett Springs, NV: less expensive homes
- Beaverdam, NV: equally priced homes
- Dry Valley, NV: equally priced homes
- Caliente, NV: less expensive homes
- Modena, UT: higher priced homes
- Beryl, UT: higher priced homes
- Beryl Junction, UT: higher priced homes
- Newcastle, UT: higher priced homes
- Lund, UT: higher priced homes
- Pintura, UT: higher priced homes
Cities with Similar Populations
- Shirley, MO: less expensive homes
- Loudon Center, NH: higher priced homes
- Lynnview, KY: less expensive homes
- Mack, CO: higher priced homes
- Malott, WA: higher priced homes
- Marion Junction, AL: less expensive homes
- Martins Additions, MD: higher priced homes
- Saybrook, IL: less expensive homes
- Scranton, AR: less expensive homes
- Shaw, OR: higher priced homes
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