Market Overview
Home Prices in Lake Panasoffkee, FL
The median home value in Lake Panasoffkee, FL is $212,150 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.8% compared to a year ago and down 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Panasoffkee are priced48% below average. Lake Panasoffkee is part of the The Villages, FL metro area.
Over the past five years, Lake Panasoffkee home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Lake Panasoffkee Home Price Trend
City Comparison
Lake Panasoffkee vs. National Median
At $212,150, homes in Lake Panasoffkee cost 48% below the national median of $410,000. This makes Lake Panasoffkee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lake Panasoffkee?
20% Down Payment
$42,430
on $212,150
Monthly P&I
$1,106/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,405/mo
incl. taxes & insurance
Income Needed
$56,200
gross annual (30% rule)
10% Down Option
$21,215
+ PMI applies
Loan Amount (20% dn)
$169,720
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lake Panasoffkee, FL?
The median home value in Lake Panasoffkee is $212,150 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.8% year-over-year.
How much have home prices changed in Lake Panasoffkee?
Over the past year, home values in Lake Panasoffkee have decreased by 0.8%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Lake Panasoffkee?
To comfortably afford the median home price of $212,150 with a 20% down payment ($42,430) at today's rates (6.8%), you'd need a gross annual income of approximately $56,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Panasoffkee compare to the national average home price?
The national median home value is approximately $410,000. At $212,150, homes in Lake Panasoffkee are 48% below the national average.
What metro area is Lake Panasoffkee part of?
Lake Panasoffkee is part of the The Villages, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.