Ponazyrevo is an urban locality situated in the Ponazyrevsky District of the Kostroma Oblast region in Russia. It serves as a residential area within this administrative district.
According to census data, the population of the locality has fluctuated over recent decades. The 2010 census recorded a population of 4,840 residents, following a count of 4,988 in 2002 and 5,621 during the 1989 Soviet census.