How many renters in Lake Panasoffkee, FL pay more than 30% of their income on rent?

Name: Rent burden in Lake Panasoffkee, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

72.7% (±26.4 points) of renting households in Lake Panasoffkee, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

49.5% spend 35% or more.

The median renting household spends 34.9% of its income on rent.

Figures last updated on November 12, 2026.

Paying 30% or more: 72.7% (±26.4 points)
Paying 35% or more: 49.5% (±19.6 points)
Median share of income: 34.9% (±4.0 points)

Rent as a share of income in Lake Panasoffkee

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	Lake Panasoffkee	Sumter County	Florida	United States
Less than 15%	11.8% (±14.1 points)	13.6%	8.1%	12.6%
15% to 19.9%	3.7% (±7.1 points)	9.2%	9.3%	12.2%
20% to 24.9%	9.3% (±7.3 points)	7.6%	11.3%	12.6%
25% to 29.9%	2.5% (±4.8 points)	8.7%	11.3%	11.5%
30% to 34.9%	23.2% (±17.7 points)	8.6%	9.8%	9.2%
35% or more	49.5% (±19.6 points)	52.3%	50.2%	41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Lake Panasoffkee against Sumter County, its state and the nation

Estimate (90% margin of error)
	Lake Panasoffkee	Sumter County	Florida	United States
Paying 30% or more	72.7% (±26.4 points)	60.9% (±8.7 points)	60.0% (±0.4 points)	51.1%
Paying 35% or more	49.5% (±19.6 points)	52.3% (±7.6 points)	50.2% (±0.4 points)	41.9%
Median share of income	34.9% (±4.0 points)	38.3% (±8.4 points)	35.2% (±0.3 points)	30.6%
Median renter household income	$33,201 (±$10,032)	$43,653 (±$4,152)	$53,617 (±$353)	$52,966
Median gross rent	$1,019 (±$290)	$1,269 (±$119)	$1,669 (±$5)	$1,413

In Lake Panasoffkee, the share of renters paying 30% or more of income is not measurably different from Sumter County (60.9%).

It is not measurably different from Florida (60.0%).

It is not measurably different from the national figure (51.1%).

In Sumter County, Lake Panasoffkee ranks 1 of 7 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 127 of 843.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Lake Panasoffkee

Nearest places with a published estimate, compared with Lake Panasoffkee
Place	Distance	Renters paying 30% or more of income	Compared with this place
Lake Panasoffkee	—	72.7% (±26.4 points)	—
Coleman	3.4 mi	57.1% (±61.5 points)	Not measurably different
Bushnell	6.7 mi	56.3% (±37.3 points)	Not measurably different
Wildwood	7.2 mi	72.7% (±9.8 points)	Not measurably different
The Villages	11 mi	69.4% (±17.6 points)	Not measurably different
Fruitland Park	12 mi	71.8% (±20.9 points)	Not measurably different
Floral City	12 mi	28.9% (±36.4 points)	Not measurably different
Webster	13 mi	49.0% (±32.5 points)	Not measurably different
Center Hill	13 mi	37.8% (±58.3 points)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Sumter County, place by place

Rank	Place	Renters paying 30% or more of income
1 (tie)	Lake Panasoffkee	72.7% (±26.4 points)
1 (tie)	Wildwood	72.7% (±9.8 points)
3	The Villages	69.4% (±17.6 points)
4	Coleman	57.1% (±61.5 points)
5	Bushnell	56.3% (±37.3 points)
6	Webster	49.0% (±32.5 points)
7	Center Hill	37.8% (±58.3 points)

Lake Panasoffkee is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Lake Panasoffkee

Are renters in Lake Panasoffkee rent-burdened?

72.7% of renting households in Lake Panasoffkee pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Lake Panasoffkee spend on rent?

The median renting household in Lake Panasoffkee, FL spends 34.9% (±4.0 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Panasoffkee CDP, Florida (place:38575, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.