East Lake, Florida Housing Market Prices
East Lake Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% below the Florida median$291,350
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Median rent 15% above the Florida median$1,915
Housing Market Overview
| Metric | East Lake | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,350 | $311,338 | $248,835 |
| Price Trend (Annual %) | 20.2% | 11.2% | 7.5% |
| Median Gross Rent | $1,915 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Lake is about 6% lower than in Florida. Rent is about 15% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in East Lake, up about 20.2% and 6.2% a year respectively. Home prices are changing faster.
Median rent in East Lake rose about 61.0% between 2015 and 2024, from $1,190 to $1,915. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in East Lake.
Buying the median-priced home in East Lake costs roughly 12.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Lake. The price-to-rent ratio in Florida is about 15.6.
| Metric | East Lake | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,350 | $311,338 | $248,835 |
| Median Household Income | $98,862 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in East Lake rose about 116.4%, while median household income rose about 21.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | East Lake | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.1% | 57.7% | 58.5% |
| Rental Rate | 16.9% | 27.7% | 31.2% |
| Vacancy Rate | 8.1% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
East Lake has a homeownership rate of 75.1%, higher than the Florida average of 57.7%. Its housing vacancy rate is 8.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | East Lake | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1991 | 1988 | 1978 |
| Median Number of Rooms | 6.1 | 5.2 | 5.5 |
The typical housing unit in East Lake was built around 1991. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
East Lake, FL Housing Compared With Nearby Cities
How East Lake, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| East Lake, FL | 31,654 | $291,350 #1/3 | $1,915 #1/3 | 81.6% #1/3 |
| Palm Harbor, FL | 57,735 | $209,218 | $1,797 | 77.5% |
| Holiday, FL | 22,615 | $217,184 | $1,238 | 66.1% |
Frequently Asked Questions
Common questions about the housing market in East Lake, Florida.
What is the median home price in East Lake, Florida?
The median home price in East Lake, Florida is $291,350, lower than the Florida average of $311,338.
What is the average home price in East Lake, Florida?
The typical home price in East Lake, Florida, reported as the median sale price, is $291,350. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in East Lake, Florida?
The median gross rent in East Lake, Florida is $1,915 per month, higher than the Florida average of $1,668.
What was the median gross rent in East Lake in 2020?
In 2020, the median gross rent in East Lake, Florida was $1,332 per month.
What is the price-to-rent ratio in East Lake, Florida?
The price-to-rent ratio in East Lake, Florida is about 12.7, meaning it would take roughly 12.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Lake.
Are home prices or rent rising faster in East Lake, Florida?
Both home prices and rent are rising in East Lake, up about 20.2% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in East Lake, Florida?
75.1% of households in East Lake, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in East Lake, Florida?
The housing vacancy rate in East Lake, Florida is 8.1%, lower than the Florida average of 14.6%.
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