Real Estate Investing in Panama, Oklahoma

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,559 • Le Flore County

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Should you buy in Panama, OK? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 18.0% of homes vacant — above national norms.

What’s happening in Panama, OK?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $113,988
Avg Monthly Rent $909
ZIP Codes 1

Investing in Panama Real Estate

This is a distressed-leaning corner of Oklahoma: Panama has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Investors considering Panama, OK should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rent trends and price trends in Panama are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Oklahoma.

Distressed-leaning demographics in Panama — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$113,988
Avg Monthly Rent
$909
1% Rule
✗ Below
Landlord Friendly (OK)

ZIP Codes in Panama, OK

Screen every ZIP in Panama

Filter Panama’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Panama, OK

What is the typical vacancy rate in Panama, OK?

Expect elevated vacancy in Panama, OK. Rents at $909/mo are absorbed by the tenant base without meaningful lag.

How do landlord-tenant laws work in Panama, OK?

Landlord-friendliness in Panama, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Is it easy to find good tenants in Panama, OK?

Panama, OK offers a predictable renter base at the $909/mo rent level. Tenant turnover is reasonable for well-managed properties.

What is the smart move for investors in Panama, OK?

A careful cash-flow rentals with hands-on management strategy Panama, OK best. The market produces measured results for that approach at the $114K price point.

What are home prices like in Panama, OK?

In Panama, OK the median home value sits at $114K. Against the broader OK market, that reads as reasonable for most investors.

Community Ratings

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