Panacea, FL—32346
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Panacea, FL
As of Oct '25, the median home price in Panacea, FL is $417,000, with a year-over-year change of -4.1%. This indicates that home prices in Panacea, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $417,000 | -4.1% |
| Single Family | $433,000 | -4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $320,000 | -1.8% |
3 Bed | $495,000 | -2.9% |
4 Bed | $697,000 | -4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Panacea, FL
As of July '25, Rentcast reports the average rent in Panacea, FL is $1,820, with a year-over-year rent change of -63.6%. Per bedroom, the median rent as of July '25 in Panacea, FL is 1-bedrooms: $1,500, 3-bedrooms: $2,150. The most common rental property sizes in Panacea, FL are 3-bedroom and 2-bedroom, accounting for 53.8% and 46.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,150 | $2,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Panacea, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Panacea, FL is 68. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | -10.0% |
Listing Count | 60 | 50.0% |
| Listings as % of Homes | 1.3% | 50.0% |
Days on Market | 68 | 27.0% |
Demographics — Panacea, FL
As of the latest ACS Survey released in 2023, Panacea, FL has a population of 2,390, which has increased by 35.3% over the past 5 years. Panacea, FL is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,390 | 35.3% |
% Under 18 | 15.9% | -27.1% |
% Seniors | 33.8% | 61.7% |
% WFH | 11.0% | -25.7% |
% w/ College Degree | 26.3% | 115.6% |
As of the latest ACS Survey released in 2023, Panacea, FL is a predominantly white area, with 96.5% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Panacea, FL is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.7% of the population in Panacea, FL, and this percentage has increased by 240.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.5% | -3.1% |
% Black | 0.6% | ∞% |
% Hispanic | 1.5% | 275.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | 240.0% |
Mortgage and Risk — Panacea, FL
Panacea, FL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Panacea, FL
Panacea, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,500 | $1,500 |
| 2 Bedroom | N/A | N/A | $1,670 |
| 3 Bedroom | $60 | $2,150 | $2,210 |
| 4 Bedroom | N/A | N/A | $2,320 |
Affordability — Panacea, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $417,000 |
| Median Household Income | $58,400 |