Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Lakeside | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $296,431 | $293,727 | $242,182 |
| Price Trend (Annual %) | 26.8% | 12.0% | 8.2% |
| Median Gross Rent | $1,384 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lakeside is about 1% higher than in Florida. Rent is about 12% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Lakeside, up about 26.8% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Lakeside rose about 38.1% between 2015 and 2023, from $1,002 to $1,384. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Lakeside.
Buying the median-priced home in Lakeside costs roughly 17.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lakeside. The price-to-rent ratio in Florida is about 15.7.
| Metric | Lakeside | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $296,431 | $293,727 | $242,182 |
| Median Household Income | $82,283 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.6 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lakeside rose about 46.4%, while median household income rose about 25.7% between 2009 and 2023 — 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 | Lakeside | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.2% | 57.1% | 58.2% |
| Rental Rate | 24.7% | 27.7% | 31.3% |
| Vacancy Rate | 6.0% | 15.2% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Lakeside has a homeownership rate of 69.2%, higher than the Florida average of 57.1%. Its housing vacancy rate is 6.0%, compared with 15.2% in Florida.
Housing Stock
| Metric | Lakeside | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1984 | 1987 | 1978 |
| Median Number of Rooms | 6.2 | 5.2 | 5.5 |
The typical housing unit in Lakeside was built around 1984. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lakeside, Florida.
What is the median home price in Lakeside, Florida?
The median home price in Lakeside, Florida is $296,431, higher than the Florida average of $293,727.
What is the average home price in Lakeside, Florida?
The typical home price in %s, reported as the median sale price, is %s. 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 Lakeside, Florida?
The median gross rent in Lakeside, Florida is $1,384 per month, lower than the Florida average of $1,564.
What was the median gross rent in Lakeside in 2020?
In 2020, the median gross rent in Lakeside, Florida was $1,081 per month.
What is the price-to-rent ratio in Lakeside, Florida?
The price-to-rent ratio in Lakeside, Florida is about 17.9, meaning it would take roughly 17.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lakeside.
Are home prices or rent rising faster in Lakeside, Florida?
Both home prices and rent are rising in Lakeside, up about 26.8% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lakeside, Florida?
69.2% of households in Lakeside, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Lakeside, Florida?
The housing vacancy rate in Lakeside, Florida is 6.0%, lower than the Florida average of 15.2%.