Lake Panasoffkee CDP
Florida
If you're seeking a tranquil escape without breaking the bank, Lake Panasoffkee, Florida, offers a compelling proposition. This close-knit community of just over 4,000 residents boasts a median home value of a mere $129,400 – a remarkable contrast to the national average of around $350,000. Picture yourself enjoying the laid-back Florida lifestyle, perhaps with a fishing rod in hand or simply soaking up the sunshine, all while keeping your housing costs incredibly low. The area is known for its affordability which is a major draw for those looking to stretch their dollars further.
From an investment standpoint, Lake Panasoffkee presents a unique opportunity. While the median household income of $45,222 is below the national average, the significantly lower cost of living provides a comfortable lifestyle for many residents. The local job market is stable, and the area's relative safety adds to its appeal, making it an ideal location for retirees, first-time homebuyers, or anyone seeking a simpler, more affordable way of life. If you value affordability and a slower pace of life, Lake Panasoffkee could be your perfect match.
Lake Panasoffkee CDP, Florida at a Glance
Lake Panasoffkee CDP is a neighborhood in Florida with a population of approximately 4,173. The median home value is $129,400 and the median household income is $45,222.. The violent crime rate is 4.0 per 1,000 residents, compared to the national average of 3.6.. Median rent is $936 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$129,400
Median Income
$45,222
Population
4,173
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Good
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- Population
- 4,173
- Median Age
- N/A
- Median Household Income
- $45,222
39% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 30.0%
142% above nat'l avg
- Median Home Value
- $129,400
54% below nat'l avg
- Median Rent
- $936
20% below nat'l avg
- Homeownership Rate
- 73.3%
11% above nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 4.0 per 1K
11% above nat'l avg
- Property Crime Rate
- 23.6 per 1K
24% above nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 4.2%
14% above nat'l avg
- Poverty Rate
- 30.0%
142% above nat'l avg
Weather & Climate in Lake Panasoffkee CDP
Avg High
83°F
Avg Low
65°F
Annual Rainfall
56.4"
Avg Humidity
77%
Political Landscape
↗ Trending more Republican
Based on Polk County county-level presidential election data
Culture & Things to Do in Lake Panasoffkee CDP
Panasoffkee Fishing Tournament
Annual fishing tournament held on Lake Panasoffkee.
Lake Panasoffkee Boat Parade
A festive boat parade on the lake, often around holidays.
Sumter County Fair
A county fair featuring agricultural exhibits, rides, and entertainment.
Wildwood Antique Show & Flea Market
A large antique and flea market held in nearby Wildwood.
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