Located in the state of Florida, Lake Magdalene is a medium-sized city with a population of 29,233 people. According to the most recent Census, 78% of Lake Magdalene residents are White, 9% Black and 4% Asian. If you are looking for a family friendly city, Lake Magdalene might be a good fit as 73% of the population over 15 years old are married, and 65% have kids who are 18 years old or younger.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Lake Magdalene could be a positive experience compared to other cities in Florida if you know where to search. With useful information like amenities, crime, weather, education, housing and other key data points, finding the best places to live in Lake Magdalene and in the areas around Lake Magdalene is a much easier task.
Lake Magdalene has a livability score of 79/100 and is ranked #231 in Florida and #2,443 in the USA. This is a phenomenal score, as Lake Magdalene ranks well in multiple categories! Lake Magdalene is also ranked in the top 10 percentile of all cities across the USA. If we consider each of the categories individually, we see that Lake Magdalene ranks well for amenities (A+), weather (A) and housing (B). On a less positive note, Lake Magdalene does not have favorable ranks for the following: education (F). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Lake Magdalene on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lake Magdalene has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Lake Magdalene is real estate affordability. The median home price for Lake Magdalene homes is $192,200, which is 15.2% higher than the Florida average. If we take a closer look at the affordability of homes in Lake Magdalene, we’ll see that the home price to income ratio is 3.6, which is 5.9% higher than the Florida average. Real estate appreciation rates in Lake Magdalene are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Lake Magdalene homes comes in at 10.1%, and the 5 year appreciation rates were 14.6%.