| ZIP Code | 62077 |
|---|---|
| City | Panama |
| State | Illinois (IL) |
| County | Montgomery County |
| Area Code | 217/447 |
| Elevation | 579 ft |
| Latitude | 39.031822 |
|---|---|
| Longitude | -89.511541 |
| Timezone | Chicago (DST) |
| FIPS | 17135 |
| ZIP Type | PO Box |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.5 yrs ↑ 38% since 2019 |
|---|---|
| Avg Household Size | 2.19 |
| Below Poverty | 9.5% ≈ Avg |
| College Grads | 22.3% ▼ 42% below avg |
| Unemployment | 12.5% ▲ 155% above avg |
| HS Graduate | 127 (59.1%) |
| Some College | 19 (8.8%) |
| Associates | 21 (9.8%) |
| Bachelors | 29 (13.5%) |
| Graduate Degree | 19 (8.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $60,096 ▼ 21% below avg ↑ 10% since 2019 |
|---|---|
| Median Home Value | $60,800 ▼ 78% below avg ↑ 3% since 2019 |
| Home/Income Ratio | 1.0x (nat avg ~3.5x) |
| Median Rent | $833/mo ↓ 3% since 2019 |
| Total Units | 164 |
| Vacant Units | 15 |
| Avg HH Size | 2.19 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 164 |
|---|---|
| Vacant | 15 |
| Owner Occupied | 85.9% |
| Renter Occupied | 14.1% |
| Avg HH Size | 2.19 |
ZIP code 62077 is located in Panama, Illinois, within Montgomery County. With a population of 327, this is a sparsely populated ZIP code with a mature community — the median age is 48.5 years. Economically, 62077 is a solidly middle-class ZIP code: the median household income of $60,096 is below the national average.
Real estate in ZIP code 62077 represents one of the more affordable housing markets in the country. The median home value of $60,800 is well below the national average. Renters can expect to pay around $833 per month in median rent. Homeownership is strong here — 85.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 3% since 2019.
The population of 62077 is primarily White (99.08%). Residents are less-educated — 22.3% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 9.5%. Household income has grown by 10% since 2019.
The unemployment rate in 62077 stands at 12.5%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 62077 in Panama, IL is characterized as solidly middle-class, less-educated, a mature community, and predominantly owner-occupied. With 327 residents, a median household income of $60,096, and a median home value of $60,800, it offers a clear picture of life in this part of Illinois.