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Single Family ResidenceResidential
$178,744$140 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 80How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

406 MAIN ST

PANAMA, IA 51562
3
Beds
3
Baths
1,280 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.31 ac
Lot SizeThe size of the land the home sits on, from county records.
1993
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
3
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$179K
$143K low$215K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,526 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$184,721 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$19,260
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$165,461
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$184,721
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$184,721

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountySHELBY
Lot (acres)The size of the land the home sits on, from county records.0.31
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Block (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 120 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Harlan Community Middle SchoolA-
Middle · Grades 6–8 · 8.6 mi
H
Harlan High SchoolB+
High · Grades 9–12 · 8.6 mi
E
Harlan Primary School
Elementary · Grades PK–2 · 8.7 mi

District: Harlan Community School District

Neighborhood · ZIP 51562These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.122
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.91
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.13

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.98%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.14%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.7%
PopulationHow many people live in this area.386
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.12 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,009
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$89,188
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.33 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

406 Main St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Smaller than 75% of homes in Panama 51562
  • Newer than 87% of homes in Shelby County

What homes are worth in Panama 51562

Each bar is how many homes fall in that price range. The marker is this home.

This home
$60K$416K

This home is worth more than 46% of homes in Panama 51562.

How it measures up in Panama 51562

The dot is this home. The mark in the middle is the typical home in Panama 51562.

Estimated value$178,744
CheaperTypical $189,687Pricier

Pricier than 46% of homes nearby

Price per ft²$140
CheaperTypical $125Pricier

Pricier than 64% of homes nearby

Living area1,280 ft²
SmallerTypical 1,582 ft²Bigger

Bigger than 25% of homes nearby

Lot size0.31 ac
SmallerTypical 0.43 acBigger

Bigger than 36% of homes nearby

Year built1993
OlderTypical 1930Newer

Newer than 85% of homes nearby

How 406 Main St ranks against every home in each area.
MeasureThis homePanama 51562Shelby County
Estimated valuepricier than$178,74446% of homes46% of homes
Price per ft²pricier than$14064% of homes58% of homes
Living areabigger than1,280 ft²25% of homes32% of homes
Lot sizebigger than0.31 ac36% of homes44% of homes
Year builtnewer than199385% of homes87% of homes

About 406 Main St

How much is 406 Main St, Panama, IA worth?

The TopHap Estimate for 406 Main St, Panama, IA is $178,744 as of Sep 24, 2026. The likely range is $142,834 to $214,654. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 406 Main St, Panama, IA last sell?

406 Main St, Panama, IA last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 406 Main St, Panama, IA?

406 Main St, Panama, IA has 3 bedrooms, 3 bathrooms, 1,280 square feet of living space and a 0.31-acre lot.

When was 406 Main St, Panama, IA built?

406 Main St, Panama, IA was built in 1993, making it 33 years old. It is a ranch home. The building has 1 story.

What schools serve 406 Main St, Panama, IA?

406 Main St, Panama, IA is assigned to Harlan Community Middle School (middle), rated A-; Harlan High School (high), rated B+; Harlan Primary School (elementary). All sit in Harlan Community School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 406 Main St, Panama, IA compare to other homes in Panama 51562?

Among the 198 homes in Panama 51562, it is worth more than 46% of them ($178,744 against a typical $189,687), its price per square foot is higher than 64% of them ($140 against a typical $125), it is bigger than 25% of them (1,280 ft² against a typical 1,582 ft²), its lot is bigger than 36% of them (0.31 ac against a typical 0.43 ac) and it is newer than 85% of them (1993 against a typical 1930). Measured against all of Shelby County, it is worth more than 46% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 406 Main St, Panama, IA?

The 2026 property tax bill for 406 Main St, Panama, IA was $2,526. The county assessed it at $184,721.

More homes on Main St

Closest homes

More homes in Panama 51562

Assigned schools

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