Lake County, FL

Comprehensive housing, income, and cost of living data for Lake County, Florida. Population: 386.8K.

Median Home Price
$325.3K

Based on 24 cities

Median Household Income
$70.0K

Annual household income

Price-to-Income Ratio
4.6x

Moderately affordable

Salary Needed to Buy
$84.5K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$2,284

Average annual amount

Effective Tax Rate
0.70%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,645
Property Tax$190
Insurance$136
Total Monthly$1,971
Historical Home Prices
2015
$180.5K
2016
$194.5K
+7.8%%
2017
$211.0K
+8.5%%
2018
$229.0K
+8.5%%
2019
$241.0K
+5.2%%
2020
$261.2K
+8.4%%
2021
$314.9K
+20.5%%
2022
$370.0K
+17.5%%
2023
$370.2K
+0.1%%
2024
$371.8K
+0.4%%
2025
$357.8K
-3.8%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.0%%

Below national average

Population Density
407

People per square mile

Homicide Rate
4.7

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
65.3%
Black
9.8%
Hispanic
17.9%
Asian
2.1%
Two or More Races
3.9%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
72°F

Annual average

Sunny Days
215

Days per year

Annual Rainfall
50.8"

Inches per year

Natural Disaster Risk
High Risk

Score: 92/100

January Low
20°F

Average winter low

July High
84°F

Average summer high

Frequently Asked Questions

What is the median home price in Lake County, FL?

The median home price in Lake County, Florida is $325.3K. The price-to-income ratio is 4.6x, meaning the median home costs 4.6 times the median household income.

What salary do you need to buy a home in Lake County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $84.5K per year to buy the median home in Lake County, FL. Monthly housing costs break down to $1,645 for mortgage, $190 for property tax, and $136 for insurance.

What is the property tax rate in Lake County?

The effective property tax rate in Lake County is 0.70%, which comes to approximately $2,284 per year on the median home.

What is the median household income in Lake County?

The median household income in Lake County, Florida is $70.0K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.0%%.

Is Lake County a good place to live?

Lake County, Florida has a population of 386.8K. Housing affordability is moderate with a price-to-income ratio of 4.6x. The climate averages 72 degrees F with 215 sunny days per year. Compare Lake County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.