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City · 5,217 residents · Christian County, Illinois

Pana , Illinois

In Pana, a typical home is worth $77,900 and typical rent is $684 a month. Compared with all of Christian County, the typical home value is 33% lower, typical household income is 26% lower, and the share of households that own their home is 10 points lower.

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  • Typical home value

    $77,900

    33% below the county

    70% below Illinois

    • Pana
    • Christian
    • Illinois

  • Typical rent

    $684a month

    13% below the county

    46% below Illinois

    • Pana
    • Christian
    • Illinois

  • Typical household income

    $46,168a year

    26% below the county

    45% below Illinois

    • Pana
    • Christian
    • Illinois

  • Households that own their home

    65%

    10 points below the county

    2 points below Illinois

    • Pana
    • Christian
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$111,221
2.9% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Pana is in Christian County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Christian County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Pana apart

What this place has that others do not, from public data, most unusual first.

  1. Pana has the 4th lowest typical rent of the 331 cities in Illinois with more than 5,000 people ($684).

  2. Pana has the 5th lowest typical home value of the 336 cities in Illinois with more than 5,000 people ($77,900).

  3. Pana has the 12th lowest typical household income of the 337 cities in Illinois with more than 5,000 people ($46,168).

  4. 65% of households in Pana own their home, against 75% in Christian County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Pana

What homes there are in Pana, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Pana, 8 in 10 homes are single-family detached houses; in Christian County, 8.

Year built

In Pana, half of the homes were built before 1955; in Christian County, before 1963.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Christian County is $939; about 89% of rents in Pana are below it.

With a mortgage

$1,015 a month

Christian County: $1,200 a month

Without a mortgage

$432 a month

Christian County: $535 a month

Owners with a mortgage

40%

Christian County: 52%

Owning costs less in Pana: with a mortgage, the typical cost is $1,015 a month; in Christian County, $1,200. Without one, $432.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Pana stayed about the same since 2015–2019: the Census sees no clear change.

The typical rent in Pana stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePanaChristian CountyIllinoisUnited States
Rental vacancy Unreliable estimate11.8%5.0%5.5%
Homeowner vacancy Unreliable estimate1.5%1.0%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.5%3.4%
People per household 2.322.342.462.53
Drive alone 76%83%66%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimateUnreliable estimate6%3%
Walk or bike Unreliable estimate1%3%3%
Work from home Unreliable estimate7%16%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

A household in Pana has 2.32 people on average, about the same as in Christian County (2.34).

To get to work, 76% of workers in Pana drive alone; in Christian County, 83%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Pana?

A typical home is within reach of the typical income

We start with a typical home in Pana, worth $77,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 18% of the typical household income in Pana, which is $46,168 a year.

The calculator's FHA and conventional loan limits are those of all of Christian County.

Your numbers

Local data
$

Starts at the typical home value in Pana. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $2,727 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$700

at 7.18% · 30 years

Loan amount
$76,489
Total interest
$110,049
Paid off in
November 2056

Includes $1,316 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,077 a month

    Your payment · 18%

  • Tight

    $1,077 to $1,385 a month

  • Hard

    more than $1,385 a month

Compared with the typical household income in Pana ($46,168 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$700
Principal & interest$518
Property tax$115
Home insurance$33
FHA mortgage insurance (MIP)$34

You need at least $2,727 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Pana and Christian County

Pana is in Christian County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Pana's own numbers

Typical home value
$77,900
Typical monthly rent
$684
Typical yearly household income
$46,168
Households that own their home
65%
Effective property tax rate
1.77%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Christian County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$939
Price change over 5 years (FHFA)
+41%
Homes in a high flood-risk zone
0.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Christian County.

Everything about Christian County

Buying

Buying a home in Pana

A typical home in Pana is worth $77,900: 33% below the county and 70% below Illinois. With the typical household income in Pana ($46,168 a year), a typical home costs 1.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Pana 1.7 years
  • Christian 1.8 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Christian County

According to FHFA’s house price index, home prices in Christian County rose 51% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Christian County.

Period County Illinois U.S.
Last year (2025) +8.1% +5.7% +2.9%
5 years (2020–2025) +41% +47% +47%
10 years (2015–2025) +51% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Pana next to Christian County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Pana $77,900
  • Christian $115,500
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Pana $684
  • Christian $785
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Pana $46,168
  • Christian $62,611
  • Illinois $83,390
  • United States $80,734
See the full table
Pana next to Christian County and Illinois
Measure Pana Christian County Illinois U.S.
Typical home value $77,900 $115,500 $263,300 $332,700
Typical monthly rent $684 $785 $1,274 $1,413
Typical yearly household income $46,168 $62,611 $83,390 $80,734
Households that own their home 65% 75% 67% 65%
Typical yearly property tax $1,381 $1,891 $5,298 $3,119
Effective property tax rate 1.77% 1.64% 2.01% 0.94%
Renters with high rent for their income 40% 36% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Christian County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Pana

For a typical $77,900 home in Pana, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Pana's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $700a month

    Least cash to close
    Down payment
    $2,727
    Cash to close
    $5,064
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $34

  • Conventional, 5% down $686a month

    Down payment
    $3,895
    Cash to close
    $6,232
    Rate
    7.18%
    Mortgage insurance
    PMI · $37

  • Conventional, 20% down, no PMI $570a month

    Down payment
    $15,580
    Cash to close
    $17,917
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $642a month

    Down payment
    $11,685
    Cash to close
    $14,022
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Pana and for Christian County.

Property tax

Effective rate in Pana

1.77%of the home’s value each year

$1,381 a year for the typical owner in Pana.

  • Pana 1.77%
  • Christian 1.64%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Christian County

FEMA does not publish these numbers by city: they are for all of Christian County.

Homes in the high-risk zone
0.6%
87
Of those, with NFIP insurance
11%
County Illinois U.S.
Homes in the high-risk zone 0.6% 1.5% 3.5%
Of those, with NFIP insurance 11% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Pana

Typical rent in Pana is $684 a month: 13% below the county. In Pana, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Christian County, by unit size. To pay the 2-bedroom one ($939 a month) without spending more than 30% of your income, you would need to earn $18.06 an hour working full time.

HUD fair market rent for all of Christian County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $654 $12.58 $26,160
1 bedroom $718 $13.81 $28,720
2 bedrooms $939 $18.06 $37,560
3 bedrooms $1,119 $21.52 $44,760
4 bedrooms $1,412 $27.15 $56,480

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Pana

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Pana is in ZIP code 62557.

For 2 bedrooms it is $930: $9 less than the fair market rent for Christian County ($939).

  • 62557 $930$1,110

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Pana when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Pana

HUD lists 4 buildings with rents for lower incomes in Pana. These are the largest.

  • Integrated Community Housing 202 S Poplar St, Pana 62557 72 low-income homes · 3 bd: 25 · In service since 2002 · For families
  • The Parkway Apts. 1100 Fair Ave, Pana 62557 54 low-income homes · For older adults (217) 562-3742
  • Kehias Park Square Apts 500 N State St, Pana 62557 20 low-income homes · 1 bd: 11 · 2 bd: 9 · In service since 1996 · For families
  • Integrated Community Housing II 709 E Washington St, Pana 62557 15 low-income homes · 2 bd: 4 · 3 bd: 11 · In service since 2004 · For families

See all 14 buildings in Christian County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Pana

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Christian County; none says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Pana

No down payment, repair or rent-help program on our list is for Pana or Christian County. The ones below are statewide in Illinois: they work in Pana the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Pana

The HUD-approved agencies closest to the center of Pana, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • C.e.f.s. Shelby County Outreach Office

    515 N. Cedar, Shelbyville · 15 miles away

    • Mortgage delinquency and default
    • Rental counseling
    (217) 774-4541

  • C.e.f.s. - Christian County Outreach Office

    220 W. Franklin, Taylorville · 15 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    217-824-4712-22

  • C.e.f.s. Moultrie County Outreach Office

    114 E. Harrison Street, Sullivan · 29 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (217) 728-7721

Every agency in Christian County All counseling agencies in Illinois

Help in Spanish near Pana

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Pana

HUD’s record names them for Pana or Christian County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Christian County, Illinois Public housing and Section 8 vouchers (217) 562-3121

All housing agencies in Illinois Source: HUD

Cities

Other cities in Christian County

These cities are also in Christian County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Christian County Housing in Illinois

Nearby cities

The cities closest to Pana, with the typical home value.

Neighboring counties

If Christian County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Pana.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Pana

Short answers with the numbers for Pana and all of Christian County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Pana?

The typical home value in Pana is $77,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Christian County it is $115,500.

How much does it cost to rent in Pana?

Typical rent in Pana is $684 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Christian County is $939.

What is the FHA loan limit in Pana?

Pana uses the FHA limit for all of Christian County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Pana?

The typical homeowner in Pana pays $1,381 a year, according to the U.S. Census Bureau. That is 1.77% of the home’s value; in Christian County, the rate is 1.64%.

Where can I find free help to buy or rent in Pana?

There is 1 HUD-approved counseling agency with an office in Christian County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).