Lake Magdalene, Florida Housing Market Prices
Lake Magdalene 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 46% above the Florida median$453,210
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Median rent 14% below the Florida median$1,432
Housing Market Overview
| Metric | Lake Magdalene | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $453,210 | $311,338 | $248,835 |
| Price Trend (Annual %) | 16.3% | 11.2% | 7.5% |
| Median Gross Rent | $1,432 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lake Magdalene is about 46% higher than in Florida. Rent is about 14% 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 Magdalene, up about 16.3% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Lake Magdalene rose about 70.2% between 2015 and 2024, from $841 to $1,432. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Lake Magdalene.
Buying the median-priced home in Lake Magdalene costs roughly 26.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lake Magdalene. The price-to-rent ratio in Florida is about 15.6.
| Metric | Lake Magdalene | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $453,210 | $311,338 | $248,835 |
| Median Household Income | $76,402 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lake Magdalene rose about 362.7%, while median household income rose about 45.5% 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 Magdalene | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.4% | 57.7% | 58.5% |
| Rental Rate | 26.3% | 27.7% | 31.2% |
| Vacancy Rate | 5.3% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Lake Magdalene has a homeownership rate of 68.4%, higher than the Florida average of 57.7%. Its housing vacancy rate is 5.3%, compared with 14.6% in Florida.
Housing Stock
| Metric | Lake Magdalene | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1981 | 1988 | 1978 |
| Median Number of Rooms | 5.6 | 5.2 | 5.5 |
The typical housing unit in Lake Magdalene was built around 1981. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 12.0 years on average.
Lake Magdalene, FL Housing Compared With Nearby Cities
How Lake Magdalene, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lake Magdalene, FL | 31,109 | $453,210 #1/3 | $1,432 #2/3 | 72.2% #2/3 |
| University, FL | 45,630 | $84,232 | $1,298 | 13.4% |
| Lutz, FL | 32,806 | $345,444 | $1,729 | 73.3% |
Frequently Asked Questions
Common questions about the housing market in Lake Magdalene, Florida.
What is the median home price in Lake Magdalene, Florida?
The median home price in Lake Magdalene, Florida is $453,210, higher than the Florida average of $311,338.
What is the average home price in Lake Magdalene, Florida?
The typical home price in Lake Magdalene, Florida, reported as the median sale price, is $453,210. 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 Magdalene, Florida?
The median gross rent in Lake Magdalene, Florida is $1,432 per month, lower than the Florida average of $1,668.
What was the median gross rent in Lake Magdalene in 2020?
In 2020, the median gross rent in Lake Magdalene, Florida was $1,120 per month.
What is the price-to-rent ratio in Lake Magdalene, Florida?
The price-to-rent ratio in Lake Magdalene, Florida is about 26.4, meaning it would take roughly 26.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lake Magdalene.
Are home prices or rent rising faster in Lake Magdalene, Florida?
Both home prices and rent are rising in Lake Magdalene, up about 16.3% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lake Magdalene, Florida?
68.4% of households in Lake Magdalene, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Lake Magdalene, Florida?
The housing vacancy rate in Lake Magdalene, Florida is 5.3%, lower than the Florida average of 14.6%.
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