Lake Panasoffkee

Population: 4,525
Median household income: $46,002
Median home value: $133,300

Located in Sumter County, Florida, Lake Panasoffkee is a community with a population of 4,525. Its median household income of $46,002 runs below the Sumter County figure of $73,297.

From 2019 to 2023, Lake Panasoffkee's population grew 41.5% from 3,197 to 4,525, while its median home value rose 65.2% from $80,700 to $133,300.

The median resident is 48.9 years old. The largest age group is 45 to 54, 18.2% of residents.

Demographics

ACS 2019–2023

Population: 4,525
Median age: 48.9 yrs
Median household income: $46,002
Median home value: $133,300
Median gross rent: $962
Housing units: 2,756
Homeownership rate: 68.6%
Bachelor's degree or higher: 9.7%
Unemployment rate: 5.4%

Trends

ACS 5-year · 2019–2023

Population

3,1974,525

Median household income

$35,842$46,002

Median home value

$80,700$133,300

Median gross rent

$838$962

Year	Population	Median household income	Median home value	Median gross rent
2019	3,197	$35,842	$80,700	$838
2020	4,049	$34,094	$85,800	$814
2021	3,631	$36,597	$89,300	$806
2022	4,173	$45,222	$129,400	$936
2023	4,525	$46,002	$133,300	$962

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.2%

5 to 1712.0%

18 to 245.2%

25 to 3415.4%

35 to 448.1%

45 to 5418.2%

55 to 6417.0%

65 to 7411.4%

75 and over8.5%

	Count	Share
Under 5	192	4.2%
5 to 17	545	12.0%
18 to 24	234	5.2%
25 to 34	699	15.4%
35 to 44	365	8.1%
45 to 54	824	18.2%
55 to 64	767	17.0%
65 to 74	514	11.4%
75 and over	385	8.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,887	85.9%
Black or African American	373	8.2%
American Indian & Alaska Native	37	0.8%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	43	1.0%
Two or more races	14	0.3%
Hispanic or Latino (any race)	171	3.8%

Educational attainment (age 25+)

No high school diploma16.7%

High school graduate42.9%

Some college or associate's30.7%

Bachelor's degree6.4%

Graduate or professional degree3.3%

	Count	Share
No high school diploma	595	16.7%
High school graduate	1,526	42.9%
Some college or associate's	1,090	30.7%
Bachelor's degree	227	6.4%
Graduate or professional degree	116	3.3%

Commute to work

Mean travel time to work: 29 min

Drove alone84.0%

Carpooled6.0%

Public transit0.0%

Walked0.9%

Bicycle0.6%

Worked from home6.0%

Other means2.5%

How workers get to work

	Count	Share
Drove alone	1,569	84.0%
Carpooled	113	6.0%
Public transit	0	0.0%
Walked	16	0.9%
Bicycle	11	0.6%
Worked from home	113	6.0%
Other means	46	2.5%

Travel time

	Count	Share
Under 15 min	377	21.5%
15 to 29 min	670	38.2%
30 to 44 min	308	17.5%
45 to 59 min	130	7.4%
60+ min	270	15.4%

Households

Average household size: 2.11
Poverty rate: 26.2% (1,180 of 4,497)

	Count	Share
Family households	1,326	61.7%
Nonfamily households	823	38.3%

Housing

Median year structure built: 1980

Occupancy

	Count	Share
Occupied	2,149	78.0%
Vacant	607	22.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,474	68.6%
Renter-occupied	675	31.4%

1-unit, detached51.8%

1-unit, attached0.0%

2 to 4 units5.8%

5 to 19 units0.0%

20 or more units2.1%

Mobile home & other40.4%

Units in structure

	Count	Share
1-unit, detached	1,427	51.8%
1-unit, attached	0	0.0%
2 to 4 units	159	5.8%
5 to 19 units	0	0.0%
20 or more units	57	2.1%
Mobile home & other	1,113	40.4%

Geography

Place GEOID: 1238575
Type (LSAD): 57
Land area: 4.3 sq mi
Water area: 2.3 sq mi
Center point: 28.7843, -82.1231