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Lake Panasoffkee Housing Information

IndexLake PanasoffkeeFloridaNational
Median home price$79,300$166,800$184,700
Median rent asked$590$1,032$949
Avg. people per household2.42.62.6
Owner occupied households73.5%64.8%63.6%
Renter occupied households26.5%35.2%36.4%
A general overview of the Lake Panasoffkee, FL real estate market is displayed above. The median home price for homes in Lake Panasoffkee, FL is $79,300, which is 52% lower than the Florida average. This means that real estate in the Lake Panasoffkee, FL area is generally more affordable than the rest of Florida. The median rent price in Lake Panasoffkee, FL is $590 which is 43% lower than the Florida average. In Lake Panasoffkee, FL, 73.5% of people are home owners and an average of 2.4 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Lake Panasoffkee, FL. We make it easy to find Lake Panasoffkee, FL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Lake Panasoffkee Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Lake Panasoffkee, FL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Lake Panasoffkee, FL is $79,300 and the median household income is $33,750. This results in a home price to income ratio of 2.3x, which is 31% lower than the Florida average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Lake Panasoffkee, FL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Lake Panasoffkee, FL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Okahumpka, FL50$0100%
Istachatta, FL245$0100%
Lake Lindsey, FL41$0100%
Nobleton, FL173$0100%
Bushnell, FL3,016$49,20073%
Lake Panasoffkee, FL3,376$79,30057%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Winnsboro, SC3,376$150,20019%
Alamo, GA3,376$47,20074%
Lyman, SC3,378$114,20038%
Penrose, CO3,374$169,2008%
Heavener, OK3,379$49,70073%
Lake Panasoffkee, FL3,376$79,30057%

Source: The Lake Panasoffkee, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).