Lake County, Florida Housing Market
In Lake County, Florida, the median home value is $318,400, with a median monthly rent of $1,586. This places Lake County at #536 nationally out of 3134 counties by median home value, and #26 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,033
- Establishments: 10,841
- BLS QCEW, 2025
Housing Supply
- Single-family: 3,999
- Multi-family: 1,343
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 169,101 (avg $75,549)
- Outflow: 154,873 (avg $74,692)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Lake County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 32195 | 390.8 | +8.33% | 2025 |
| 2 | 34737 | 323.8 | -3.45% | 2025 |
| 3 | 34756 | 316.9 | — | 2025 |
| 4 | 34787 | 413.1 | -2.44% | 2025 |
| 5 | 34736 | 325.1 | -1.93% | 2025 |
| 6 | 32726 | 356.7 | +9.01% | 2025 |
| 7 | 32778 | 336.6 | -4.06% | 2025 |
| 8 | 32784 | 357.3 | -2.10% | 2025 |
| 9 | 34711 | 319.7 | +4.45% | 2025 |
| 10 | 34731 | 301.8 | -1.16% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
Lake County, Florida, operates as a balanced market leaning toward affordability for renters, characterized by a price-to-rent ratio of 16.7, which sits below the national average of 18.7. This metric suggests that purchasing property is relatively more expensive compared to renting than in the typical U.S. county, yet the 77.6% owner-occupancy rate indicates a strong preference for homeownership. The market is not strictly a buyer’s or renter’s market but rather a stable environment where both segments find viable entry points, supported by a median household income of $73,161 that exceeds the national average by 7.6%. The multi-year trend reveals a period of significant appreciation, with home values rising from $155,100 in 2017 to $318,400 in 2024. This growth peaked at 17.7% in 2022 before moderating to 10.6% in 2024, indicating a cooling but still robust expansion. Recent FHFA data for 2025 shows a year-over-year increase of 2.25%, outperforming the Florida state average of 0.91% by 1.34 percentage points. This divergence highlights that Lake County is maintaining stronger price momentum than the broader state, likely driven by sustained demand. However, affordability concerns persist, as the price-to-income ratio stands at 4.35, significantly higher than the national benchmark of 3.20. Additionally, the rent burden consumes 26.0% of median income, well above the national average of 17.2%, placing considerable financial pressure on tenants. Regional context further explains these dynamics. Lake County home values are 12.0% above the Florida average and 39.8% above the national average, reflecting its premium status within the state. The local economy supports this valuation through 105,896 total jobs and an average weekly wage of $1,033. Housing supply remains robust, with 5,342 new units authorized in 2025, including 3,999 single-family homes, which helps mitigate supply shocks. Net migration of +14,228 filers between 2021 and 2022, with incoming households earning slightly higher incomes ($75,549) than outgoing ones ($74,692), suggests an influx of higher-earning residents that supports price stability. With mortgage rates hovering at 7.40%, the high price-to-income ratio makes entry challenging, yet the moderate recent price growth and strong employment base provide a foundation for sustained market resilience.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Lake County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Lake County →How Lake County Compares
| Metric | Lake County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $318,400 | $284,325 | $227,706 |
| Median Gross Rent | $1,586 | $1,303 | $968 |
| Owner Occupancy Rate | 77.6% | 74.6% | 73.3% |
| Price/Rent Ratio | 16.7 | 17.6 | 18.7 |
Market Analysis
The median home value in Lake County is 12.0% above the Florida state average and 39.8% above the U.S. national average. The median rent of $1,586/month is 21.7% above the state average.
With a price-to-rent ratio of 16.7, the buy-vs-rent decision in Lake County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lake County has an owner-occupancy rate of 77.6%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Waller County | Texas | $318,700 | $1,169 |
| Garfield County | Utah | $318,100 | $817 |
| Naugatuck Valley Planning Region | Connecticut | $317,700 | $1,330 |
| Will County | Illinois | $319,600 | $1,462 |
| Pima County | Arizona | $319,700 | $1,212 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Volusia County | $313,000 | $1,467 | 73.7% |
| Clay County | $312,500 | $1,551 | 75.9% |
| Bay County | $310,500 | $1,484 | 66.8% |
| Charlotte County | $328,900 | $1,464 | 83.8% |
| Santa Rosa County | $329,800 | $1,544 | 80.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).