51562 ZIP Code — Panama, IA

Shelby County, Iowa

ZIP code 51562 is located in Panama, Iowa, within Shelby County. It covers approximately 33.98 square miles and serves a population of 486 residents. This is a standard ZIP code in the Central (CT) timezone, served by area code 712.

About ZIP code 51562

The housing stock consists of predominantly single-family detached homes. Most homes were built in the pre-1940, giving the area an established character. Median home value is $167,800. Owner-occupancy is high at 93%, well above the national average.

Median household income is $78,958. The poverty rate of 4% is below the national average.

The dominant occupation class is management, business, and professional, with agriculture and mining as the leading industry. The average commute of 12 minutes is near the national average.

College attainment at 18% is below the national average, consistent with a trades and production-oriented local economy.

Overall, ZIP code 51562 reflects a community defined by a trades-oriented workforce and high homeownership.

486

population

33.98

sq mi land

Standard

ZIP type

Central (CT)

timezone

51562 ZIP code map

Cities in ZIP code 51562

Below are the cities the US Postal Service accepts for ZIP code 51562. Using any city not on this list may result in mail delivery delays.

City	Status
Panama	Preferred

Nearby ZIP codes

51530 Earling (5 mi) 51565 Portsmouth (6.3 mi) 51527 Defiance (10.3 mi) 51579 Woodbine (10.7 mi) 51529 Dunlap (11.9 mi) 51563 Persia (12.4 mi) 51537 Harlan (13.8 mi) 51570 Shelby (14.4 mi) 51546 Logan (14.9 mi) 51528 Dow City (15.1 mi) 51446 Irwin (15.7 mi) 51454 Manilla (18.6 mi)

Demographics updated 05/2026

Population
Total population	486
Population density	14 / sq mi
State FIPS	19
County FIPS	165

Geography
Land area	33.98 sq mi
Water area	0.05 sq mi
Latitude	41.7328
Longitude	-95.4997
Timezone	Central (CT)
Area code	712

Total population by age

Gender

Race & ethnicity

Economics updated 05/2026

Household income

Income range	This ZIP	County avg	State avg
Under $50k	47.3%	43.2%	40.1%
$50k – $100k	26.0%	31.4%	33.4%
$100k – $200k	23.7%	20.5%	21.5%
Over $200k	3.0%	4.8%	5.0%

Demographics & statistics

486

Population

People per sq mi

46.5

Median age

$78,958

Median household income

$33,234

Per capita income

$167,800

Median home value

Median monthly rent

92.5%

Home ownership

4.3%

Poverty rate

0.0%

Unemployment

184

Housing units

17.9%

Bachelor's or higher

Age distribution

Male Female

Under 5

5–9

10–14

15–19

20–24

25–34

35–44

45–54

55–59

60–64

65–74

75–84

85+

← Male

Female →

Age summary

Group	Count	%
Under 18	135	27.8%
18 and over	351	72.2%
65 and over	105	21.6%
Median age	46.5 years

Race & ethnicity

White 96.7%

Hispanic or Latino 1.2%

Other race 1.2%

American Indian / Alaska Native 0.4%

Two or more races 0.4%

Group	Count	%
White	476	96.7%
Hispanic or Latino	6	1.2%
Other race	6	1.2%
American Indian / Alaska Native	2	0.4%
Two or more races	2	0.4%

Household income

Income range	This ZIP	County avg	State avg
Under $50k	47.3%	43.2%	40.1%
$50k – $100k	26.0%	31.4%	33.4%
$100k – $200k	23.7%	20.5%	21.5%
Over $200k	3.0%	4.8%	5.0%

Under $10k 6.5%

$10k–$15k 3.8%

$15k–$25k 2.7%

$25k–$35k 1.6%

$35k–$50k 13.4%

$50k–$75k 17.7%

$75k–$100k 10.2%

$100k–$150k 31.7%

$150k–$200k 1.6%

$200k+ 10.8%

Range	% of households
Under $10k	6.5%
$10k–$15k	3.8%
$15k–$25k	2.7%
$25k–$35k	1.6%
$35k–$50k	13.4%
$50k–$75k	17.7%
$75k–$100k	10.2%
$100k–$150k	31.7%
$150k–$200k	1.6%
$200k+	10.8%
Median income	$78,958

Housing

Home values

Under $50k 2.9%

$50k–$100k 19.2%

$100k–$150k 12.2%

$150k–$200k 36.0%

$200k–$300k 1.2%

$300k–$500k 9.9%

$500k–$1M 7.6%

$1M+ 11.0%

Housing overview

Metric	Value
Median home value	$167,800
Median rent / month	$0
Owner occupied	92.5%
Renter occupied	7.5%
Vacant	6.1%
Single-family detached	92.4%
Large apartment buildings	0.0%
Mobile homes	0.0%
Median rooms	7.3
Avg household size (owned)	2.67

Year built

Era	%
2020 or later	0.0%
2010–2019	1.5%
2000–2009	2.0%
1990–1999	13.1%
1980–1989	3.0%
1970–1979	13.1%
1960–1969	2.5%
1950–1959	5.6%
1940–1949	3.0%
1939 or earlier	56.1%

Bedrooms

Size	% of units
No bedroom (studio)	1.0%
1 bedroom	0.0%
2 bedrooms	23.2%
3 bedrooms	28.8%
4 bedrooms	46.5%
5+ bedrooms	0.5%

Vehicles per household

Vehicles	% of households
No vehicle	2.2%
1 vehicle	16.1%
2 vehicles	17.7%
3 or more	64.0%

Heating fuel

Fuel type	%
Utility gas	1.6%
Electricity	43.0%
Propane / LP gas	54.8%
Fuel oil	0.5%

Households & families

Household type	Count	%
Married-couple family	140	75.3%
Cohabiting couple	5	2.7%
Male householder, no spouse	15	8.1%
Female householder, no spouse	26	14.0%
Households with children under 18	81	43.5%
Households with seniors (65+)	64	34.4%
Average household size	2.61

Marital status

Status	Male	Female
Never married	13.0%	23.8%
Married	82.6%	66.7%
Separated	0.0%	2.2%
Widowed	0.6%	6.5%
Divorced	3.7%	0.9%

Education

Less than 9th grade 3.6%

Some HS, no diploma 1.5%

HS graduate 53.9%

Some college, no degree 8.5%

Associate's degree 14.5%

Bachelor's degree 16.1%

Graduate / professional 1.8%

Metric	%
HS diploma or higher	94.8%
Bachelor's or higher	17.9%

School enrollment (ages 3–17)

Type	Count	%
Nursery / preschool	1	0.7%
Kindergarten	0	0.0%
Elementary school	86	62.8%
High school	45	32.8%
College / grad school	5	3.6%

Employment

Industry of employment

Other services 24.2%

Agriculture & mining 23.8%

Education & healthcare 17.2%

Transportation & utilities 16.8%

Retail trade 4.8%

Finance & real estate 4.0%

Construction 2.2%

Manufacturing 2.2%

Wholesale trade 2.2%

Professional & management 1.5%

Information 1.1%

Occupation

Category	%
Management, business & arts	41.8%
Service	16.8%
Sales & office	17.6%
Natural resources & construction	10.3%
Production & transportation	13.6%

Employment type

Type	%
Private sector	81.7%
Government	5.9%
Self-employed	11.4%
Unpaid family workers	1.1%

Commute

Method	%
Drive alone	61.2%
Carpool	0.4%
Public transit	0.0%
Walk	30.0%
Work from home	5.5%
Other means	2.9%
Avg commute (minutes)	12.2

Poverty

All people 4.3%

Under 18 years 0.0%

18 and over 6.0%

Married-couple families 2.9%

Female-led households 0.0%

Income support

Source	% of households
Social Security	29.0%
Retirement income	8.6%
Supplemental Security	6.5%
Cash public assistance	0.0%
Food stamps / SNAP	0.5%

Health indicators

Condition	%
Obesity	40.1%
High blood pressure	36.7%
High cholesterol	36.2%
Diabetes	10.9%
Heart disease	7.4%
Stroke	3.3%
Asthma	9.3%
Arthritis	27.1%
Kidney disease	3.1%
Pulmonary disease	7.5%
Cancer	7.7%

Behavior / access	%
Smoking	17.9%
Binge drinking	21.1%
No physical activity	25.3%
Less than 7 hrs sleep	30.4%
Depression	17.4%
Fair or poor health	13.1%
Poor mental health	13.0%
Poor physical health	10.2%
No health insurance	9.2%
Visited doctor (checkup)	75.4%
Visited dentist	69.7%
Cholesterol screening	89.7%
Teeth loss	13.1%

Veterans & disability

Veterans	Count	%
Civilian veterans	26	7.4%

Disability	%
Any disability	8.4%
Under 18	5.9%
18–64 years	6.9%
65 and over	15.2%

Health insurance coverage

Type	%
Private insurance	83.7%
Public insurance	32.7%
No insurance	0.8%
Uninsured under 19	0.0%

Language & origin

Language spoken at home (age 5+)

Language	Count	%
English only	482	99.2%
Spanish	0	0.0%
Other Indo-European	0	0.0%
Asian & Pacific Islander	0	0.0%
Other languages	0	0.0%

Place of birth & citizenship

Origin	Count	%
Native born (US)	476	97.9%
Born in same state	476	97.9%
Born in different state	374	77.0%
Foreign born	0	0.0%
Naturalized citizen	10	2.1%
Not a US citizen	10	100.0%

Ancestry

Ancestry	Count	%
Italian	99	20.4%
Arab	63	13%
Dutch	18	3.7%

Ancestry	Count	%
French	11	2.3%
Polish	10	2.1%
English	3	0.6%

Technology access

Metric	% of households
Computer access	38.3%
Internet access	90.3%

Source: U.S. Census Bureau, American Community Survey 2025 estimates.

Frequently asked questions about ZIP code 51562

What city is ZIP code 51562 in?

ZIP code 51562 is primarily assigned to Panama, Iowa.

What county is ZIP code 51562 in?

ZIP code 51562 falls within Shelby County, Iowa.

Is ZIP code 51562 mostly owner-occupied?

93% of occupied units in ZIP code 51562 are owner-occupied, well above the national average.

What is the typical home value in ZIP code 51562?

The median home value in ZIP code 51562 is $167,800.

What is the population of ZIP code 51562?

ZIP code 51562 has an estimated population of 486 residents, with a density of 14 people per square mile.

What is the median household income in ZIP code 51562?

The median household income in ZIP code 51562 is $78,958, above the national median of ~$75,000.

What timezone is ZIP code 51562 in?

ZIP code 51562 observes the CST timezone.