Lake Panasoffkee, FL—33538
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Panasoffkee, FL
As of Oct '25, the median home price in Lake Panasoffkee, FL is $207,000, with a year-over-year change of -5.4%. This indicates that home prices in Lake Panasoffkee, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | -5.4% |
| Single Family | $207,000 | -5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | -3.4% |
3 Bed | $246,000 | -4.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Panasoffkee, FL
As of July '25, Rentcast reports the average rent in Lake Panasoffkee, FL is $1,570, with a year-over-year rent change of 31.9%. Per bedroom, the median rent as of July '25 in Lake Panasoffkee, FL is 1-bedrooms: $1,200, 2-bedrooms: $1,750. The most common rental property sizes in Lake Panasoffkee, FL are 2-bedroom and 3-bedroom, accounting for 45.9% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,000 | $1,750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lake Panasoffkee, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Panasoffkee, FL is 88. This is a increase of 15.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | 7.0% |
Listing Count | 39 | -19.0% |
| Listings as % of Homes | 0.9% | -19.0% |
Days on Market | 88 | 15.0% |
Demographics — Lake Panasoffkee, FL
As of the latest ACS Survey released in 2023, Lake Panasoffkee, FL has a population of 5,750, which has increased by 27.1% over the past 5 years. Lake Panasoffkee, FL is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,750 | 27.1% |
% Under 18 | 18.1% | 7.7% |
% Seniors | 18.9% | -37.2% |
% WFH | 6.8% | 47.8% |
% w/ College Degree | 15.4% | 35.1% |
As of the latest ACS Survey released in 2023, Lake Panasoffkee, FL is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Lake Panasoffkee, FL is black, making up 6.8% of the population. Foreign-born residents account for 1.3% of the population in Lake Panasoffkee, FL, and this percentage has decreased by 43.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.2% | -6.8% |
% Black | 6.8% | 3,300.0% |
% Hispanic | 3.1% | -40.4% |
% Asian | 0.6% | -45.5% |
% Foreign Born | 1.3% | -43.5% |
Mortgage and Risk — Lake Panasoffkee, FL
According to HUD data as of 2023, there were 90 mortgage originations in Lake Panasoffkee, FL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Lake Panasoffkee, FL. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Lake Panasoffkee, FL
Lake Panasoffkee, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,200 | $910 |
| 2 Bedroom | $190 | $1,000 | $1,190 |
| 3 Bedroom | N/A | N/A | $1,480 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Lake Panasoffkee, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $207,000 |
| Median Household Income | $49,000 |