Housing Profile
Lake County, Florida

• Population, 2007: 286497. Lake County ranks # 19 of Florida's 67 counties in population.

• Households, 2007: 120923

• In 2030, Lake County is projected to have a population of 468699, ranking it # 18 of Florida's 67 counties.

Projected Total Population, Lake County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Lake County	286497	303495	347902	389504	430198	468699
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

Existing Home Values (Based on County Property Appraisers' Just Value)

• Single Family Home, average just value, 2008: $197029. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $89115.
• Condominium, average just value, 2008: $197660.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $267240 in 2007. The median sales price that year was $236800, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Lake County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Lake County	Condominiums	52500	57650	66300	66000	68500	62500	70000	75000	82900	117000	116350	129200
Lake County	Single Family Homes	87300	93500	100000	108500	115200	123800	131700	143700	165500	220000	254250	236800
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Lake County households in 2000 was $534 per month, compared to a statewide median rent of $641.

• In Lake County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $793 for a studio apartment, $862 for a one-bedroom, $985 for a two-bedroom, $1233 for a three-bedroom, and $1452 for a four-bedroom unit.

Households by Monthly Rent Paid, Lake County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Lake County	1290	835	768	4819	5663	1672	697	461

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 28119 Lake County households (23%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 11105 households in Lake County (9%) pay more than 50% of income for housing.

Households by Cost Burden, Lake County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	92804	17014	11105
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Lake County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	77931	12455	7386
Renter	14873	4559	3719
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

Household Income

• In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Lake County and the surrounding metro area, the HUD-estimated median income for a family of four is $59200 in 2008.

Households by Income and Cost Burden, Lake County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	3540	2382	5867
30.01-50% AMI	7694	4592	2913
50.01-80% AMI	17400	5030	1432
80.01+% AMI	64170	5010	893
Total	92804	17014	11105
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 45055 households in Lake County (37.3%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 80860 of elderly households in Lake County (89.7%) own their homes.

• 9397 elderly households (21%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Lake County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	35658	5249	4148
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 84484 households in Lake County (70%) are made up of 1-2 persons in 2007. 24% of these households pay more than 30% of income for rent or mortgage costs.

• 27910 households in Lake County (23%%) are made up of 3-4 persons in 2007. 22% of these households pay more than 30% of income for rent or mortgage costs.

• 8526 households in Lake County (7%%) are made up of 5 persons or more in 2007. 24% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Lake County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	64575	11646	8263
3-4	21774	4049	2087
5+	6453	1317	756
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 12312 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Lake County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
5549	3278	3485

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Lake County was 1729 square feet.

Year Structure Built, Lake County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
3447	2581	7168	8560	19059	26621	35394	Lake County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 2426 housing units (2.7% of all units) in Lake County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 483 units (0.5%) in Lake County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 230 units (0.2%) in Lake County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 279 units (0.3%) in Lake County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.