Lake County, Florida Housing Market Prices
Lake County 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 34% below the Florida median$205,133
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Median rent 5% below the Florida median More expensive than 74% of counties in Florida$1,586
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lake County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,133 | $311,338 | $248,835 |
| Price Trend (Annual %) | 6.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,586 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lake County is about 34% lower than in Florida. Rent is about 5% lower 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 Lake County, up about 6.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Lake County rose about 69.4% between 2015 and 2024, from $936 to $1,586. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Lake County.
Buying the median-priced home in Lake County costs roughly 10.8 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 Lake County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Lake County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,133 | $311,338 | $248,835 |
| Median Household Income | $73,226 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lake County rose about 94.3%, while median household income rose about 54.0% 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 | Lake County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.0% | 57.7% | 58.5% |
| Rental Rate | 19.6% | 27.7% | 31.2% |
| Vacancy Rate | 12.3% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Lake County has a homeownership rate of 68.0%, higher than the Florida average of 57.7%. Its housing vacancy rate is 12.3%, compared with 14.6% in Florida.
Housing Stock
| Metric | Lake County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1997 | 1988 | 1978 |
| Median Number of Rooms | 5.6 | 5.2 | 5.5 |
The typical housing unit in Lake County was built around 1997. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Lake County, FL Housing Compared With Nearby Counties
Lake County, FL is typical in size for this group, 412,915 residents against a local median of 481,459, so the measures below are close to a like for like comparison. The measure that sets Lake County, FL apart most is median home price: $205,133, 35% below the local median of $314,989.
The counties themselves spread $129,929 on median home price, so Lake County, FL sits at one end of an already wide local range rather than apart from it. Lake County, FL has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lake County, FL | 412,915 | $205,133 #6/6 | $1,586 #3/6 | 77.6% #2/6 |
| Sumter County, FL | 143,408 | $342,264 | $1,269 | 87.6% |
| Orange County, FL | 1,470,874 | $314,989 | $1,774 | 56.8% |
| Seminole County, FL | 481,459 | $348,990 | $1,783 | 66.2% |
| Marion County, FL | 400,073 | $219,062 | $1,277 | 77.5% |
| Volusia County, FL | 579,612 | $267,348 | $1,467 | 73.7% |
Frequently Asked Questions
Common questions about the housing market in Lake County, Florida.
What is the median home price in Lake County, Florida?
The median home price in Lake County, Florida is $205,133, lower than the Florida average of $311,338.
What is the average home price in Lake County, Florida?
The typical home price in Lake County, Florida, reported as the median sale price, is $205,133. 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 Lake County, Florida?
The median gross rent in Lake County, Florida is $1,586 per month, lower than the Florida average of $1,668.
What was the median gross rent in Lake County in 2020?
In 2020, the median gross rent in Lake County, Florida was $1,110 per month.
What is the price-to-rent ratio in Lake County, Florida?
The price-to-rent ratio in Lake County, Florida is about 10.8, meaning it would take roughly 10.8 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 Lake County.
Are home prices or rent rising faster in Lake County, Florida?
Both home prices and rent are rising in Lake County, up about 6.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lake County, Florida?
68.0% of households in Lake County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Lake County, Florida?
The housing vacancy rate in Lake County, Florida is 12.3%, lower than the Florida average of 14.6%.
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