Panama, NE -- U.S. village in Nebraska Population (2000): 253 Housing Units (2000): 101 Land area (2000): 0.268239 sq. miles (0.694736 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 0.268239 sq. miles (0.694736 sq. km) FIPS code: 38225 Located within: Nebraska (NE), FIPS 31 Location: 40.597640 N, 96.510599 W ZIP Codes (1990): Note: some ZIP codes may be omitted esp. for suburbs. Headwords: Panama, NE Panama