Lake Panasoffkee, FL
Full City Profile · Florida · Sumter County County
3.1
/5.0
B
Good
4,525
Population
1,052/sq mi density
$46,002
Median Income
$28,837 per capita
$133,300
Home Value
$209,055 Zillow
$962
Median Rent
35.1% income on rent
70°F
Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$46,002 median income, 5.4% unemployment
A+
Affordability
5.0 / 5.0
$133,300 home value, $962/mo rent
D
Education
1.8 / 5.0
9.7% bachelor's degree or higher
Housing Overview
Median Home Value
$133,300
53% below
US avg: $281,900
Median Rent
$962/mo
17% below
US avg: $1,163/mo
Homeownership Rate
68.6%
5% above US avg (65.4%)
Total Housing Units
2,581
Median year built: 1983
Home Value by Source
Census Median
$133,300
Zillow (ZHVI)
$209,055
Redfin Median Sale
$215,000
Median Sale Price
$215,000
Median List Price
$225,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
68.6%
Owner-Occupied
31.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$962/mo
Market Indicators (Redfin)
Median Sale Price
$215,000
Median Days on Market
71 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
8.3%
of listings with price reduction
Price Per Sq Ft
$147
Active Inventory
24
homes for sale
Affordability & Housing Stock
Rent Burden
35.1%
of renters spending 30%+ of income on housing
13% above US avg (31.0%)
Median Year Built
1983
Average age of housing stock: 43 years
Homeownership Rate
68.6%
Complete Housing Data
Home Values
| Census Median Value | $133,300 |
| Zillow Home Value (ZHVI) | $209,055 |
| Redfin Median Sale | $215,000 |
| Median Sale Price | $215,000 |
| Median List Price | $225,000 |
| Price Per Sq Ft | $147 |
Rent
| Census Median Rent | $962 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 71 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 8.3% |
| Homes Sold | 5 |
| Active Inventory | 24 |
| Price Per Sq Ft | $147 |
Ownership & Stock
| Owner-Occupied | 68.6% |
| Renter-Occupied | 31.4% |
| Homeownership Rate | 68.6% |
| Total Housing Units | 2,581 |
| Median Year Built | 1983 |
| Rent Burden | 35.1% |