Lower Grand Lagoon, Florida Real Estate & Housing Market

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Lower Grand Lagoon Housing Information

Index	Lower Grand Lagoon	Florida	National
Median home price	$175,200	$166,800	$184,700
Median rent asked	$873	$1,032	$949
Avg. people per household	1.8	2.6	2.6
Owner occupied households	53.0%	64.8%	63.6%
Renter occupied households	47.0%	35.2%	36.4%

The above shows an overview of the real estate market in Lower Grand Lagoon, FL. Note how the median home price for Lower Grand Lagoon, FL runs $175,200, which is 5% higher than the average property price for Florida. So you’re going to get real estate in Lower Grand Lagoon, FL that is on-average less affordable than what you’ll find in the rest of Florida. As for rent, the median for Lower Grand Lagoon, FL runs $873, which is comparatively 15% lower than the average rent for Florida. For Lower Grand Lagoon, FL, about 53.0% of the population consist of home owners with about 1.8 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Lower Grand Lagoon, FL offers a wide variety of real estate. To find your perfect home in Lower Grand Lagoon, FL, filter your choice by price, location, and number of beds and baths using the search area above.

Lower Grand Lagoon Home Affordability

When deciding where to purchase Lower Grand Lagoon, FL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Lower Grand Lagoon, FL the median home price is $175,200 and $42,926 is the median household income. As a result, the home price to income ratio in Lower Grand Lagoon, FL is 4.1x, which is 20% higher than the Florida average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Lower Grand Lagoon, FL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Lower Grand Lagoon, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Tyndall AFB, FL	3,444	$0	100%
Cedar Grove, FL	3,514	$85,200	54%
Springfield, FL	9,318	$103,600	44%
Parker, FL	4,521	$129,600	30%
Panama City, FL	36,654	$134,700	27%
Lower Grand Lagoon, FL	3,461	$175,200	5%

Cities with similar population

City, State	Population	Home Price	National Avg.
Northchase, NC	3,461	$161,500	13%
Linwood, PA	3,461	$95,100	49%
Mobridge, SD	3,460	$80,700	56%
Aledo, IL	3,463	$95,900	48%
Newport, MN	3,459	$180,100	2%
Lower Grand Lagoon, FL	3,461	$175,200	5%

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