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Housing Profile
Lake County, Florida
  • Population, 2016: 323981. Lake County ranks # 18 of Florida's 67 counties in population.
  • Households, 2016: 133681
  • Homeownership Rate, 2016: 76.5%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Lake County is projected to have a population of 478402, ranking it # 18 of Florida's 67 counties.

Projected Total Population, Lake County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Lake County 297052 323981 355304 391607 422801 451298 478402
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

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

  • Single Family Home, average just value, 2016: $154396. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $64504.
  • Condominium, average just value, 2016: $139089.

Home Sales Prices

  • The average sales price for a single family home was $208760 in 2016. The median sales price that year was $189950, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Lake County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Lake County Condominiums 52500 57650 66300 66000 68500 62500 70000 75000 82900 117000 116350 129200 135000 117000 110000 38000 70000 67650 73900 62900 76500
Lake County Single Family Homes 87300 93500 100000 108500 115200 123800 131700 143700 165500 220000 254250 236800 185000 169000 160000 140000 140000 155000 165000 180500 189950
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Lake County, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Lake County, Florida 936 1002
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File
  • In Lake County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $766 for a studio apartment, $837 for a one-bedroom, $1002 for a two-bedroom, $1333 for a three-bedroom, and $1604 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Lake County, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Lake County 219 661 1461 4951 8917 9245 1959 585 292 162 115 1492 30059
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 87 licensed manufactured housing parks in Lake with 11987 lots in 2012.
  • There are 68 licensed condominium developments in Lake with 4622 units in 2012. Of these, 14 properties with 766 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Lake County, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Lake County Lake One to four-family (other than manufactured housing) 11567 9463 4891 2899 2719 2388 2229 7118 9743 11985 13923
Lake County Lake Manufactured housing 689 642 401 282 173 206 152 374 565 660 779
Lake County Lake Multifamily 9 8 5 7 1 0 3 9 10 2 6
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

Foreclosures and Serious Delinquencies

  • The Orlando MSA had a foreclosure rate for 1-4 unit homes of 9.95% and a serious delinquency (90+ day) rate of 3.97% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2016, 47248 Lake County households (35%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 22341 households in Lake County (17%) pay more than 50% of income for housing.

Households by Cost Burden, Lake County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 86433 24907 22341
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Lake County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 72667 16604 13057
Renter 13766 8303 9284
Notes:  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 $58400 in 2017.

Households by Income and Cost Burden, Lake County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 1160 1091 8528
30.01-50% AMI 4607 3865 6951
50.01-80% AMI 11216 7364 3851
80.01+% AMI 69450 12587 3011
Total 86433 24907 22341
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 51378 households in Lake County (38.4%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 45139 of elderly households in Lake (87.9%) own their homes.
  • 14925 elderly households (29%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Lake County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 36453 7789 7136
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Lake County was 1842 square feet.

Year Structure Built, Lake County, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Lake County 2748 46271 31820 25872 19289 7349 7056 2051 3725 146181 1.9 31.7 21.8 17.7 13.2 5.0 8.8
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Lake County, 2011-2015 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Lake County 2937 2.5 753 0.6 1768 1.2 618 0.4
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File