HomeFloridaSumter CountyLake Panasoffkee CDP
Lake Panasoffkee CDP, Florida: commercial real estate data.
Lake Panasoffkee CDP is a Census CDP of 4,768 people across 4.30 square miles of land, in Sumter County. Median household income is $44,531, 66.2 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $2.1 m.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake Panasoffkee
What Lake Panasoffkee is
- Census place typeCDP
- Land area4.3 sq mi
- Water area2.3 sq mi
- Population per square mile of land1,109
- County holding the largest share of its areaSumter County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Panasoffkee
How many people live in Lake Panasoffkee
- Population4,768
- Median age46.5
- Population under 18876 plus or minus 262
- Share under 1818.4 percent plus or minus 4.8
- Population 65 and over925 plus or minus 233
- Share 65 and over19.4 percent plus or minus 4.0
- Households2,212
- Family households1,204 plus or minus 271
- Share of households that are families54.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Panasoffkee
Income and work in Lake Panasoffkee
- Median household income$44,531 plus or minus $10,157
- Per capita income$26,682
- Civilian labor force2,035 plus or minus 470
- Employed1,941 plus or minus 460
- Unemployed94 plus or minus 82
- Unemployment rate4.6 percent plus or minus 3.9
- Adults 25 and over3,595
- Adults 25 and over with a high school diploma or higher85.4 percent
- Adults 25 and over with a bachelor degree or higher10.5 percent plus or minus 4.0
- Adults 25 and over with a graduate degree3.2 percent plus or minus 2.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Panasoffkee
Housing in Lake Panasoffkee
- Housing units2,708
- Occupied units2,212
- Vacant units496 plus or minus 196
- Vacancy rate18.3 percent plus or minus 7.0
- Owner occupied1,464
- Renter occupied748 plus or minus 247
- Ownership rate66.2 percent
- Median owner-occupied home value$153,000 plus or minus $30,903
- Median gross rent, monthly$1,019 plus or minus $290
- Annual rent as a share of median income27.5 percent plus or minus 10.0
- Single family units1,330 plus or minus 281
- Share single family49.1 percent
- Units in buildings of two or more191 plus or minus 145
- Share in buildings of two or more7.1 percent plus or minus 5.3
- Mobile homes1,098 plus or minus 228
- Median year structure built1981
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Panasoffkee
How Lake Panasoffkee gets to work
- Workers 16 and over who commute1,735 plus or minus 417
- Commuting under 15 minutes356 plus or minus 147
- Share commuting under 15 minutes20.5 percent plus or minus 6.9
- Commuting 30 minutes or more617 plus or minus 243
- Share commuting 30 minutes or more35.6 percent plus or minus 11.1
- Drove alone85.5 percent
- Carpooled2.1 percent plus or minus 2.6
- Public transport0.0 percent
- Walked0.7 percent plus or minus 1.2
- Worked from home7.7 percent plus or minus 6.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Panasoffkee
SBA loans in Lake Panasoffkee (7(a))
- Approvals2
- Gross approval$2,094,500
- Average approval$1,047,250
- Median approval$1,204,000
- Ninetieth percentile approval$1,204,000
- Largest approval$1,204,000
- Jobs supported12
- Jobs per approval6.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term312 months
- Share on real estate terms of 20 years or more100.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Sumter County, not Lake Panasoffkee
Sumter County context, not Lake Panasoffkee figures
These are Sumter County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lake Panasoffkee measurements.
- Establishments in Sumter County2,081
- Employment at those establishments, Sumter County31,813
- Covered employment, Sumter County40,436
- Average annual pay, Sumter County$57,856
- Average weekly wage, Sumter County$1,113
- Housing units permitted, Sumter County3,961
- Of those, single family, Sumter County3,537
- County product, 2024, Sumter County$7,558,509,000
- County product change over the prior year, Sumter County10.3 percent
- Average income of an arriving household, Sumter County$121,395
Every figure in this section is published for Sumter County as a whole and is not a measurement of Lake Panasoffkee. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lake Panasoffkee questions, answered from the record.
How many people live in Lake Panasoffkee, Florida?
4,768, in 2,212 households. Lake Panasoffkee CDP covers 4.30 square miles of land, which is 1,109 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Panasoffkee in?
Sumter County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lake Panasoffkee?
$44,531. The median owner-occupied home is valued at $153,000. Median gross rent is $1,019 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lake Panasoffkee businesses?
2 7(a) approvals totalling $2.1 m, across 2 lenders, median approval $1,204,000. These count approvals to borrowers whose address is in Lake Panasoffkee, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Panasoffkee borrowers get paid back?
No rate is published for Lake Panasoffkee. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Lake Panasoffkee figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Sumter County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lake Panasoffkee.
Is zoning published for Lake Panasoffkee?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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