Population 5,420 · Census ACS 2020–24
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Population and households in Lake Panasoffkee
Household size in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 1.95 | 2.63 | 2.68 |
| 2010–14 | 2.14 | 2.73 | 2.73 |
| 2015–19 | 2.28 | 2.75 | 2.71 |
| 2020–24 | 2.23 | 2.63 | 2.65 |
| Change | +0.27 | +0.00 | −0.03 |
Households in Lake Panasoffkee are small: just 2.23 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Household size has climbed from 1.95 in 2006–10, even as the national average fell.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 54.1 | 40.8 | 37.7 |
| 2010–14 | 53.8 | 42.0 | 38.6 |
| 2015–19 | 55.9 | 43.0 | 39.6 |
| 2020–24 | 40.0 | 43.5 | 40.1 |
| Change | −14.1 | +2.7 | +2.3 |
At 40.0, the median age in Lake Panasoffkee is close to the national median of 40.1, so its age mix looks much like the country's. The population here is younger than in Florida overall, where the median age is 43.5. The median age has dropped from 54.1 in 2006–10, even as the national median rose.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 8.6% | 12.4% | 12.3% |
| 2010–14 | 7.1% | 12.2% | 12.3% |
| 2015–19 | 6.5% | 11.5% | 11.6% |
| 2020–24 | 14.3% | 11.4% | 11.6% |
| Change | +5.7 pts | −1.0 pts | −0.6 pts |
Single-parent households are more common in Lake Panasoffkee than nationally: 14.3%, against 11.6%. The single-parent share is up 5.7 points from 2006–10, even as the national share fell.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Lake Panasoffkee
Renters in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 17.5% | 30.3% | 33.3% |
| 2010–14 | 22.3% | 33.9% | 35.6% |
| 2015–19 | 18.4% | 34.6% | 36.0% |
| 2020–24 | 30.4% | 32.4% | 34.8% |
| Change | +13.0 pts | +2.1 pts | +1.5 pts |
About three in ten households in Lake Panasoffkee rent their homes (30.4%), a little below the national share of 34.8%; the rest own. Just over half of owners (52.9%) have paid off their mortgages, well above the national share of 39.8%. The renter share is up 13.0 points from 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 24.1% | 17.2% | 11.4% |
| 2010–14 | 28.6% | 17.6% | 11.4% |
| 2015–19 | 33.5% | 15.4% | 11.1% |
| 2020–24 | 20.3% | 12.5% | 9.6% |
| Change | −3.7 pts | −4.8 pts | −1.8 pts |
Vacancy is high in Lake Panasoffkee: 20.3% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Since 2006–10, vacancy has fallen 3.7 points, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 1979 | 1984 | 1974 |
| 2010–14 | 1982 | 1985 | 1975 |
| 2015–19 | 1984 | 1986 | 1977 |
| 2020–24 | 1983 | 1989 | 1980 |
| Change | +4 | +5 | +6 |
The typical home in Lake Panasoffkee was built around 1983, about the same vintage as the country's housing overall (1980). Homes here are older than in Florida as a whole, where the median home dates to 1989. The median year built has moved up from 1979 in 2006–10, a sign of steady new building.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | $633 | $1,092 | $965 |
| 2010–14 | $628 | $1,123 | $1,040 |
| 2015–19 | $802 | $1,323 | $1,213 |
| 2020–24 | $1,142 | $1,816 | $1,571 |
| Change | +$509 | +$724 | +$606 |
A typical rental in Lake Panasoffkee costs $1,142 a month with utilities, well below the national median of $1,571. Rent has climbed $509 a month since 2006–10, up 80%, faster than rents rose nationally. Rent takes 34.4% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Lake Panasoffkee
Bachelor's degrees in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 9.5% | 26.4% | 28.4% |
| 2010–14 | 9.8% | 27.0% | 29.6% |
| 2015–19 | 10.3% | 30.0% | 32.1% |
| 2020–24 | 10.1% | 34.6% | 35.6% |
| Change | +0.6 pts | +8.2 pts | +7.2 pts |
College degrees are relatively uncommon in Lake Panasoffkee: 10.1% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%. The share with a degree is up 0.6 points from 2006–10, a smaller shift than nationally.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 79.9% | 85.5% | 84.9% |
| 2010–14 | 77.6% | 86.5% | 86.1% |
| 2015–19 | 85.4% | 88.2% | 87.7% |
| 2020–24 | 81.0% | 90.0% | 89.3% |
| Change | +1.1 pts | +4.4 pts | +4.3 pts |
Nearly one in five adults in Lake Panasoffkee never finished high school, well above the national share: only 81.0% have a diploma or equivalent, against 89.3% nationally. Since 2006–10, the share with a diploma has edged up 1.1 points, a smaller shift than nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Lake Panasoffkee
| Period | Lake Panasoffkee | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 6.9% | 8.9% | 8.1% |
| 2010–14 | 11.4% | 11.0% | 9.4% |
| 2015–19 | 2.9% | 5.7% | 5.6% |
| 2020–24 | 5.4% | 4.8% | 5.4% |
| Change | −1.5 pts | −4.1 pts | −2.7 pts |
At 5.4%, unemployment in Lake Panasoffkee is the same as the national rate. Since 2006–10, unemployment has edged down 1.5 points, mirroring the country. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Lake Panasoffkee compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Lake Panasoffkee | 2.23 | 40.0 | 14.3% | 30.4% | 20.3% | 1983 | $1,142 | 10.1% | 81.0% | 5.4% |
| Panacoochee Retreats | 2.78 | 34.9 | 19.7% | 35.7% | 31.9% | 1984 | $1,067 | 26.0% | 84.2% | 5.0% |
| Coleman | 2.29 | 57.0 | 6.6% | 18.6% | 19.3% | 1995 | $1,746 | 25.2% | 90.4% | 10.7% |
| Bevilles Corner | 2.42 | 50.5 | 8.3% | 17.6% | 25.0% | 1989 | $831 | 18.0% | 85.1% | 12.0% |
| Sumterville | 3.26 | 39.5 | 12.2% | 22.1% | 15.3% | 1994 | $1,012 | 12.9% | 84.8% | 11.3% |
| Rutland | 2.62 | 46.2 | 7.6% | 22.6% | 19.9% | 1986 | $1,186 | 24.2% | 90.2% | 2.6% |
| Royal | 2.91 | 41.5 | 5.8% | 30.3% | 14.8% | 2000 | $1,185 | 31.1% | 92.1% | 4.2% |
| Wildwood | 1.89 | 62.9 | 6.5% | 18.2% | 17.9% | 2012 | $1,800 | 41.8% | 95.8% | 6.4% |
| Orange Home | 1.89 | 55.6 | 5.9% | 10.5% | 18.9% | 2011 | $1,679 | 26.3% | 83.0% | 5.9% |
| Bushnell | 2.68 | 44.3 | 10.7% | 19.8% | 15.0% | 1984 | $955 | 16.3% | 82.0% | 6.8% |
| Floral City | 2.34 | 57.9 | 5.5% | 9.2% | 24.0% | 1988 | $878 | 16.0% | 90.0% | 8.9% |
All figures 2020–24.
Cities with similar populations: Hollis Center, ME · West Liberty, OH · Elk, WA · Gordonville, PA · Lavaca, AR · Ava, MO · Kalona, IA · Indian River Shores, FL · Green Lane, PA · Galena, KS
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Lake Panasoffkee. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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