Foreclosure Homes in Panacea, FL

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Panacea, FL Foreclosures

How much do homes sell for in Panacea, FL?
The average home price is currently $356,355.
In Panacea, FL, how many homes are available?
There are currently 1,123 active home listings available in Panacea.
What’s the average rental cost in Panacea, FL?
The average rental price in Panacea is $1,289.
What is the most expensive home in Panacea, Florida?
The most expensive home sold in Panacea had a price of $2,362,415.
What is currently the cheapest priced home in Panacea, FL?
The cheapest home for sale in Panacea is priced at $26,060.

Home Value Estimator For Panacea, FL

There are currently 1,123 real estate properties in Panacea, FL, with a median automated valuation model (AVM) price of $276,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Panacea, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Panacea, FL, is $356,355.00, with the most expensive house in Panacea, FL, topping out at $2,362,415.00 and the cheapest home in Panacea, FL, clocking in at $26,060.00. In other words, there’s something for every potential homebuyer or savvy investor in Panacea, FL!

Rent Prices In Panacea, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Panacea, FL, is on a rollercoaster ride. The average rent price in Panacea, FL, is $1,289.00. Indeed, when looking to rent in Panacea, FL, you can expect to pay as little as $710.00 or as much as $2,680.00, with the average rent median estimated to be $1,190.00. The good news is that finding an affordable and desirable property to rent in Panacea, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Panacea, FL In 2024

Panacea is located in Wakulla, Florida, with an estimated municipal population of 910 residents. All of the best foreclosed homes for sale in Panacea are located in the following zip code areas on 32346. The estimated population per square kilometer (.62 miles) in Panacea is 210.

Cost Of Living In Panacea, FL

So, about how much do homes cost in Panacea? The most recent median value of resident-owned homes in Panacea is 75,960. An estimated 92.3 percent of households in Panacea own their homes, with an average family size of 2.95. For working parents and professionals who are searching for cheap homes in Panacea, the median commute time of resident workers (in minutes) is 22.2.

Diversity And Demographics In Panacea, Florida

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Panacea, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Panacea is 46.5, split between 56.6 percent male versus 43.4 female. The percentage of residents who report being married in Panacea is 47.1, with an average family size of 2.95.

The percentage of residents who report their race in Panacea is as follows:

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Panacea? Or maybe you are searching for 55+ active adult communities in and/or near Panacea?

The percentage of residents who report their age in Panacea is as follows:

Under 10 19.5%
Aged 10-19 8.8%
20s 17%
30s 0%
40s 15.1%
50s 15.3%
60s 15.4%
70s 9%
80+ 0%

Best Schools In Panacea, Florida

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Panacea with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Panacea.

Pros And Cons Of Living In Panacea, Florida

How do you know that living in -- or moving to -- Panacea is right where you need to be? Perhaps you grew up in Panacea or already live nearby; therefore, the decision to buy a home in Panacea is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Panacea for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Panacea:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Panacea.

Reasons To Move To Panacea, Florida, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Panacea can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Panacea, meanwhile, can field multiple offers from more qualified buyers.

Panacea, FL Foreclosures


Listing types in Panacea, FL

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