Panacea, FL

Full City Profile · Florida · Wakulla County County

2.1 /5.0

C Fair

1,039 Population 622/sq mi density

$36,332 Median Income $14,216 per capita

68°F Avg Temperature 306 sunny days/yr

215 Violent Crime/100K 2,468 property/100K

Overall

2.1 / 5.0

Fair overall score based on economy, affordability, safety and education

C+

Economy

2.8 / 5.0

$36,332 median income, 0.0% unemployment

Safety

1.0 / 5.0

215 violent crimes/100K

C+

Education

2.6 / 5.0

20.5% bachelor's degree or higher

Housing Overview

Homeownership Rate

75.5%

15% above US avg (65.4%)

Total Housing Units

574

Median year built: 1980

Home Value by Source

Zillow (ZHVI)

$379,410

Median Sale Price

$304,500

Median List Price

$295,000

Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

75.5%

Owner-Occupied

24.5%

Renter-Occupied

76%

25%

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

Market Indicators (Redfin)

Median Days on Market

92 days

Sale-to-List Ratio

1.0%

Buyers market

Homes Sold

Price Drops

13.3%

of listings with price reduction

Price Per Sq Ft

$242

Active Inventory

homes for sale

Affordability & Housing Stock

Rent Burden

31.4%

of renters spending 30%+ of income on housing

1% above US avg (31.0%)

Median Year Built

1980

Average age of housing stock: 46 years

Homeownership Rate

75.5%

Complete Housing Data

Home Values

Zillow Home Value (ZHVI)	$379,410
Median Sale Price	$304,500
Median List Price	$295,000
Price Per Sq Ft	$242

Rent

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	92
Sale-to-List Ratio	1.0%
Price Drops	13.3%
Homes Sold	2
Active Inventory	15
Price Per Sq Ft	$242

Ownership & Stock

Owner-Occupied	75.5%
Renter-Occupied	24.5%
Homeownership Rate	75.5%
Total Housing Units	574
Median Year Built	1980
Rent Burden	31.4%