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Lake Panasoffkee

Learn about the people, housing, costs and businesses in Lake Panasoffkee, Florida

Median Home$178,186
Median Rent$1,059/month
Population4,881
Leading IndustriesConstruction · Wholesale Trade · Agriculture & Mining6% construction
Home Value Growth+4.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners71% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Lake Panasoffkee
FL

Explore Lake Panasoffkee

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lake Panasoffkee?

As of today, the 30-year fixed mortgage rate for Lake Panasoffkee is approximately 6.872% (6.907% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Panasoffkee?

The median home value in Lake Panasoffkee is $178k. The median monthly rent is $1,059. Annual property taxes average $807. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Panasoffkee?

Home values in Lake Panasoffkee have increased 4.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Panasoffkee?

Based on a typical all-in ownership cost of $706/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Panasoffkee is $50k/year.

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What industries drive the economy in Lake Panasoffkee?

The largest employment sectors in Lake Panasoffkee are public administration (17%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.