| ZIP Code | 51562 |
|---|---|
| City | Panama |
| State | Iowa (IA) |
| County | Shelby County |
| Area Code | 712 |
| Elevation | 1,359 ft |
| Latitude | 41.725074 |
|---|---|
| Longitude | -95.493319 |
| Timezone | Chicago (DST) |
| FIPS | 19165 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.7 yrs ↑ 25% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 11.4% ▲ 14% above avg |
| College Grads | 29.8% ▼ 23% below avg |
| Unemployment | 0.0% ▼ 100% below avg |
| HS Graduate | 212 (51.7%) |
| Some College | 31 (7.6%) |
| Associates | 45 (11%) |
| Bachelors | 54 (13.2%) |
| Graduate Degree | 68 (16.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,250 ▼ 20% below avg ↑ 11% since 2019 |
|---|---|
| Median Home Value | $158,000 ▼ 43% below avg ↓ 25% since 2019 |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $939/mo ↑ 15% since 2019 |
| Total Units | 256 |
| Vacant Units | 12 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 256 |
|---|---|
| Vacant | 12 |
| Owner Occupied | 85.3% |
| Renter Occupied | 14.8% |
| Avg HH Size | 2.42 |
ZIP code 51562 is located in Panama, Iowa, within Shelby County. With a population of 590, this is a sparsely populated ZIP code with a mature community — the median age is 48.7 years. Economically, 51562 is a solidly middle-class ZIP code: the median household income of $61,250 is below the national average.
Real estate in ZIP code 51562 represents an affordable housing market. The median home value of $158,000 is below the national average. Renters can expect to pay around $939 per month in median rent. Homeownership is strong here — 85.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 25% since 2019.
The population of 51562 is primarily White (94.75%). Residents are moderately educated — 29.8% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 11.4%. Household income has grown by 11% since 2019.
As in most parts of the country, driving alone is the dominant commute mode at 53%.
Overall, ZIP code 51562 in Panama, IA is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 590 residents, a median household income of $61,250, and a median home value of $158,000, it offers a clear picture of life in this part of Iowa.