Lake Panasoffkee, FL Profile: Facts & Data


Lake Panasoffkee Local Links & Resources:
Resources | ALL Lake Panasoffkee Content
Planning to visit Lake Panasoffkee? See Local Hotels

Also See: Sumterville, FL ZIP Codes & ZIP Code Maps

Lake Panasoffkee, Florida - Basic Facts

The Lake Panasoffkee Census Designated Place had a population of 4,094 as of July 1, 2020. Lake Panasoffkee ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Lake Panasoffkee is located at latitude 28.7558 and longitude -82.0948 in Sumter County. The formal boundaries for the Lake Panasoffkee Census Designated Place encompass a land area of 3.96 sq. miles and a water area of 0.25 sq. miles. Sumter County is in the Eastern time zone (GMT -5). The elevation is 59 feet.

The Lake Panasoffkee Census Designated Place (GNIS ID: 2403202) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Lake Panasoffkee Census Designated Place is located within Bushnell-Center Hill CCD of Sumter County.

Alternate Unofficial Names for Lake Panasoffkee: Panasoffkee, Panasofkee.


Lake Panasoffkee, FL Data & Demographics (As of July 1, 2020)


Total Population 4,094 (100%)
Population in Households 4,094 (100.0%)
Population in Families 3,108 (75.9%)
Population in Group Quarters1 0
Population Density 1,032
Diversity Index2 21


Median Household Income $41,573
Average Household Income $48,127
% of Income for Mortgage4 12%
Per Capita Income $22,317
Wealth Index5 42


Total HU (Housing Units) 2,754 (100%)
Owner Occupied HU 1,483 (53.8%)
Renter Occupied HU 439 (15.9%)
Vacant Housing Units 831 (30.2%)
Median Home Value $114,394
Average Home Value $165,695
Housing Affordability Index3 214


Total Households 1,923
Average Household Size 2.13
Family Households 1,207
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2020 2020-2025
Population 1.4% 2.35%
Households 1.76% 2.56%
Families 1.82% 2.49%
Median Household Income   1.78%
Per Capita Income   2.02%
Owner Occupied HU   2.24%


Lake Panasoffkee, FL - Peer Comparisons by Rank and Percentile

The table below compares Lake Panasoffkee to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 522 43rd
Population Density # 587 36th
Median Household Income # 699 24th
Housing Affordability Index # 774 84th
Per Capita Income # 673 27th
Diversity Index # 802 13th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

Lake Panasoffkee, FL - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Florida Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2020, data includes home values, household income, percentage of homes owned, rented or vacant, etc.

Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Florida Census Data Comparison Tool

Compare Florida July 1, 2020 Data
Highest or Lowest:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Florida COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.