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Pana

Pana

Located in Christian County

$105,614 Average Value
$80 Average Price per Sq Ft
19 Homes For Sale

Pana went from mining roots to a vibrant lake community

Among the farmlands of rural Central Illinois, Pana has grown from a mining town into a self-sufficient city of relaxed neighborhoods, varied recreation and steady commerce. Popular parks and Lake Pana's waters keep residents active, and thousands of people visit the community during the annual Tri-County Fair. Major roads connect drivers to larger cities, like Taylorville , but job opportunities are also near home. Although the city has grown, people still try to get acquainted. "For the most part, you know people, especially those who have lived here a long time," says Robert Schmitz, a longtime resident and co-owner of Grissom Schmitz Realty. "I can pretty confidently say I know at least 75% of the people who live here."

Homes near downtown or Lake Pana offer space and trees

Most residents live near the core of Pana, which offers medium to large lots along wide, tree-lined roads. Others choose to live around Lake Pana. Thick trees shroud houses without blocking the expansive waterfront views and private dock access. Bungalows, ranch-style homes and Craftsman-style houses are across the city. Pricing varies widely, falling between $12,000 and $270,000 based on a property's size, age, condition and location. "Some of the property around the lake is owned by the city, so the lots are on long-term leases," Schmitz says. "Regardless, you can have the lease as long as you'd like, almost as if you own it."

Recreation includes fishing, football and butterfly gardens

Lake Pana is a major point of recreation. While private docks surround the lake, there is a public launching point so anyone can spend the summer boating and fishing. Closer to the city center, Kitchell Park offers many amenities, from a seasonal swimming pool and an event pavilion to a fishing lagoon and several athletic facilities. It also has four playgrounds. Local athletic teams use Tanner Sports Complex for its full-sized football, soccer and baseball fields. At the Anderson Prairie & Tallgrass Butterfly House, people can explore protected native grass prairies and interact with over 25 species of butterflies.

The Tri-County fair and the Labor Day parade draw thousands each year

The city is home to the Pana Tri-County Fairgrounds. The six-day fair features carnival rides, local vendors, grandstand concerts and competitions. Attendees watch harness racing, beauty pageants, tractor pulls and the Labor Day Parade. Considered one of the state's largest parades, the procession lasts two hours and attracts up to 15,000 spectators. In summer, Kitchell Park offers a slate of community events, from weekly farmers markets to the annual Pana Old Tyme Tractor Show and Hammer-In. In early July, residents embellish their boats with decorations and cruise around during the Pana Lake Boat Parade.

Downtown Pana has coffee shops, grocery stores and a vintage cinema

Most businesses are in downtown Pana. Chain restaurants face locally owned eateries, like Station 502 and Brewin's Hope Coffeehouse. Whiskey Bill's Saloon and Liquor Emporium serves burgers and beer from its old-timey indoor dining room and airy outdoor patio. Save A Lot and County Market are the community's primary grocery stores, while Dollar General and Walgreens offer everyday items.

The city has a few historical attractions. The Pana History Museum shares the city's growth through its exhibits. The Roseland Theatre still has its original Art Moderne façade and rose-themed interior. It screens films once a day, typically on Friday, Saturday and Sunday. Coal Creek Village blends history with nature by taking visitors back to the era of the early pioneers.

Major highways connect to big cities, like Taylorville and Decatur

State Route 16, Highway 51 and Route 29 are the main roads leading in and out of Pana. Drivers are less than 20 miles from Taylorville and within 45 miles of Springfield and Decatur . The 15-mile Lincoln Prairie Trail follows Route 29 to Taylorville, offering an alternative path. An active railroad passes through the community. The closest airport is Decatur Airport 41 miles away.
Although Pana was built on mining, all the mines have closed. Some people commute to Taylorville, while others work for Pana Community Hospital or Pana Community Unit School District No. 8.

Pana has private options and a brand-new elementary school

In 2024, Washington and Lincoln Elementary schools closed to make way for Pana Elementary School. Niche has not yet rated this new combined campus. Older students still attend Pana Junior High and Pana High, which have B-minus scores. Private options are also available. Pana Christian Academy teaches grades three through 12, while Sacred Heart School serves prekindergarten through eighth grade. Both are unrated.

Isabel Butler
Written By
Isabel Butler

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Pana Housing Trends

Housing Trends

Median List Price
$102,400
Median Sale Price
$89,750
Median Single Family Sale Price
$97,250
Median Change From 1st List Price
6%
Last 12 months Home Sales
94
Median Home Sale Price YoY Change
12%
Average Price Per Sq Ft
$80

Area Facts

Number of Homes in Neighborhood
2,054
Number of Homes for Sale
19
Median Year Built
1925
Months of Supply
2.40
Average Single Family Home Size Sq Ft
1,330
Significantly below the national average
1,924
Average Townhouse Size Sq Ft
1,622
Average 2 Bedroom Size Sq Ft
1,500
Median Lot Size Sq Ft
12,196

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Pana Has More Owners

Demographics

Total Population
5,816
Median Age
43
Population Density
3 ppl/acre
Population under 18
24.6%
On par with the national average
23.8%
Population over 65
23.8%
On par with the national average
19.1%

Finances

Median Household Income
$48,793
Significantly below the national average
$71,702
Average Household Income
$58,180

Education and Workforce

High School Graduates
85.2%
College Graduates
14.1%
Below the national average
34.1%
Advanced Degrees
3.2%
Below the national average
13.3%
% Population in Labor Force
59.6%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
18°F
Average Summer High Temperature
86°F
Annual Snowfall
9''

Area Factors

Somewhat Bikeable

Bike Score®®

27 / 100

Car-Dependent

Walk Score®®

12 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Pana