Panacea, Florida.
Typical home $393,991 (+1.9% in a year). Tallahassee, FL metro.
to buy the typical home at today's mortgage rate — +$1,219 (+143%) since Jan 2020.
- 1 year
- Up $7,439 +2%
- $386,552$393,991 since Sep 2025
- 5 years
- Up $75,295 +24%
- $318,696$393,991 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Panacea$2,068
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Panacea, FL rose 1.9% over the past year — faster than the nation's +1.2%.
Living in Panacea, Wakulla County, Florida
Panacea, in Wakulla County, had 735 people in the 2020 census. Half its households earn more than $37,983 a year and half less, against $81,895 across Wakulla County; 6% of its people live below the poverty line. Unemployment in Wakulla County was 4.1% in August 2026, and the county had 1.4% more jobs in 2025 than the year before. The most people in Wakulla County work in schools and health care, then government.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Panacea is a small coastal community in Wakulla County, home to a very small population. Household incomes here sit far below the county's, and homes are valued well above what the local incomes might suggest. Winters are mild, with January the coldest month, while summers are hot, peaking in July.
Work. Residents of Panacea work mostly in schools, hospitals and social care, with government, shops and the building trades also employing many. Across Wakulla County, the largest workplaces include Wakulla Schools, Walmart and Publix Super Markets. The county has added jobs over the past year, and unemployment is a little higher than it was a year earlier.
Things to do. The outdoors is the draw here. Ochlockonee River State Park, Bald Point State Park and the beach area at Mashes Sands are all a short drive away, each a protected area. A longer drive brings you to Apalachicola National Forest, a large protected woodland.
Report a mistake
- 6%below the poverty line
What people in Wakulla County work in
Employed residents by industry, from the Census survey. Wakulla County had 6,714 jobs in 2025, 1.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 64° and lows near 39°; warmest in July, with highs near 92° and lows near 72°.
Average daily high and low, 1991–2020, at the Panacea South weather station, 6 miles away (NOAA).
Largest workplaces in Wakulla County
- Wakulla SchoolsSchool district690FTE
- General Dynamics Corporation - OTSGunpowder manufacturing449
- WalmartWarehouse clubs and supercenters317
- Publix Super MarketsSupermarkets and other grocery stores184
- Tucker BuildingFoundation, building, poured concrete, contractors65
- Residential ElevatorsStairways, moving, manufacturing60
- Sodexo at Wakulla County SchoolsFood service contractors45
- CrawfordvilleMail and parcel delivery37
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 9 workplaces with 20 or more staff, 1,207 people in all across the county; Panacea has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Coastal floodingRelatively high
- WildfireRelatively high
- HurricanesRelatively high
- LightningRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Panacea’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wakulla County and the Tallahassee, FL metro.
Panacea home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Panacea$393,991
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 6 Panacea listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Panacea17.44%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Panacea72
New listings per month
Sellers arriving at the market.
- Panacea9
Zip codes with a Panacea address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Panacea — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.