What percentage of people rent in Lake Panasoffkee, FL?

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

33.8% (±10.1 points) of the occupied homes in Lake Panasoffkee, FL are rented (2020–2024 American Community Survey).

That is 748 renting households against 1,464 that own their home.

In Lake Panasoffkee, the share of households that rent went from 17.8% in 2015–2019 to 33.8% in 2020–2024 (+16.0 percentage points), a measurable increase.

Figures last updated on November 12, 2026.

Households that rent: 33.8% (±10.1 points)
Renting households: 748 (±247)
Median renter income: $33,201 (±$10,032)

Who rents and who owns in Lake Panasoffkee

Tenure, estimate (90% margin of error)
	Lake Panasoffkee	Sumter County	Florida	United States
Renter-occupied share	33.8% (±10.1 points)	12.4% (±1.3 points)	32.4% (±0.2 points)	34.8%
Renting households	748 (±247)	8,714 (±944)	2,834,163 (±17,461)	45,017,354
Owning households	1,464 (±290)	61,604 (±1,212)	5,918,647 (±31,594)	84,210,142
Average renter household size	2.3 (±0.4)	2.0 (±0.1)	2.5 (±0.0)	2.3
Average owner household size	2.1 (±0.2)	1.9 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$33,201 (±$10,032)	$43,653 (±$4,152)	$53,617 (±$353)	$52,966
Median owner household income	$48,798 (±$4,838)	$81,977 (±$3,111)	$88,144 (±$469)	$100,009

In Lake Panasoffkee, the renter share is higher than in Sumter County (12.4%).

It is not measurably different from Florida (32.4%).

It is not measurably different from the national figure (34.8%).

In Sumter County, Lake Panasoffkee ranks 1 of 7 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 312 of 857.

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

How renting in Lake Panasoffkee has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	17.8% (±7.2 points)	33.8% (±10.1 points)	+16.0 percentage points	Measurable increase
Median gross rent	$838 (±$70)	$1,019 (±$290)	+21.6%	No measurable change after inflation
Median household income	$35,842 (±$5,010)	$44,531 (±$10,157)	+24.2%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Lake Panasoffkee

Nearest places with a published estimate, compared with Lake Panasoffkee
Place	Distance	Households that rent	Compared with this place
Lake Panasoffkee	—	33.8% (±10.1 points)	—
Coleman	3.4 mi	27.8% (±17.0 points)	Not measurably different
Bushnell	6.7 mi	24.3% (±14.2 points)	Not measurably different
Wildwood	7.2 mi	22.7% (±4.6 points)	Lower
The Villages	11 mi	6.7% (±1.3 points)	Lower
Fruitland Park	12 mi	12.3% (±4.7 points)	Lower
Floral City	12 mi	8.1% (±3.8 points)	Lower
Webster	13 mi	30.5% (±15.1 points)	Not measurably different
Center Hill	13 mi	25.4% (±16.9 points)	Not measurably different

Nearby places with a measurably lower figure: Wildwood, FL (22.7%), The Villages, FL (6.7%), Fruitland Park, FL (12.3%).

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

Households that rent across Sumter County, place by place

Rank	Place	Households that rent
1	Lake Panasoffkee	33.8% (±10.1 points)
2	Webster	30.5% (±15.1 points)
3	Coleman	27.8% (±17.0 points)
4	Center Hill	25.4% (±16.9 points)
5	Bushnell	24.3% (±14.2 points)
6	Wildwood	22.7% (±4.6 points)
7	The Villages	6.7% (±1.3 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), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lake Panasoffkee

How many renters are there in Lake Panasoffkee?

Lake Panasoffkee has an estimated 748 (±247) renting households, 33.8% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lake Panasoffkee?

In Lake Panasoffkee, the share of households that rent went from 17.8% in 2015–2019 to 33.8% in 2020–2024 (+16.0 percentage points), a measurable increase.

How big are renting households in Lake Panasoffkee?

A renting household in Lake Panasoffkee has 2.3 people on average, against 2.1 in an owned home.

How much do renters earn in Lake Panasoffkee?

The median renting household in Lake Panasoffkee, FL has an income of $33,201 (±$10,032) a year, against $48,798 for households that own their home.

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 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.