Lake Placid, Florida Real Estate & Housing Market

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Lake Placid Housing Information

Index	Lake Placid	Florida	National
Median home price	$115,600	$166,800	$184,700
Median rent asked	$697	$1,032	$949
Avg. people per household	3.2	2.6	2.6
Owner occupied households	43.7%	64.8%	63.6%
Renter occupied households	56.3%	35.2%	36.4%

A general overview of the Lake Placid, FL real estate market is displayed above. The median home price for homes in Lake Placid, FL is $115,600, which is 31% lower than the Florida average. This means that real estate in the Lake Placid, FL area is generally more affordable than the rest of Florida. The median rent price in Lake Placid, FL is $697 which is 32% lower than the Florida average. In Lake Placid, FL, 43.7% of people are home owners and an average of 3.2 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Lake Placid, FL. We make it easy to find Lake Placid, FL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Lake Placid Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Lake Placid, FL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Lake Placid, FL is $115,600 and the median household income is $23,177. This results in a home price to income ratio of 5.0x, which is 46% higher than the Florida average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Lake Placid, FL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Lake Placid, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Sebring, FL	10,423	$84,900	54%
Lake Placid, FL	2,321	$115,600	37%

Cities with similar population

City, State	Population	Home Price	National Avg.
Hickman, KY	2,321	$39,400	79%
Jackson, KY	2,321	$61,100	67%
Deep River Center, CT	2,321	$261,300	41%
East Bronson, FL	2,321	$101,600	45%
Geistown, PA	2,320	$109,000	41%
Lake Placid, FL	2,321	$115,600	37%

Source: The Lake Placid, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).