Lady Lake, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lady Lake, FL Housing Market Trends

With a population of 16,020, 7,695 total housing units (homes and apartments), and a median house value of $169,396, house prices in Lady Lake are solidly below the national average.

Single-family detached homes are the single most common housing type in Lady Lake, accounting for 46.98% of the town's housing units. Other types of housing that are prevalent in Lady Lake include mobile homes or trailers ( 31.46%), large apartment complexes or high rise apartments ( 14.35%), and a few row houses and other attached homes ( 3.82%).

Dwellings in Lady Lake tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 75.36% of the homes in Lady Lake have two or fewer bedrooms.

There is a lot of housing in Lady Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lady Lake built between 2000 and later ( 25.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.15%).

Vacant housing appears to be an issue in Lady Lake. Fully 18.33% of the housing stock is classified as vacant. Left unchecked, vacant Lady Lake homes and apartments can be a drag on the real estate market, holding Lady Lake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lady Lake Home Appreciation Rates

Appreciation rates for homes in Lady Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 61.15%, which ranks in the top 30% nationwide. This equates to an annual average Lady Lake house appreciation rate of 4.89%.

NeighborhoodScout's data show that during the latest twelve months, Lady Lake's appreciation rate, at 10.36%, has been at or slightly above the national average. In the latest quarter, Lady Lake's appreciation rate has been 3.17%, which annualizes to a rate of 13.28%.

Relative to Florida, our data show that Lady Lake's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Lady Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lady Lake - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lady Lake real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$169,396

Lady Lake, FL HOME PRICES

> $1,243,000
0.6%
0.6%
$932,001 - $1,243,000
0.1%
0.1%
$621,001 - $932,000
0.4%
0.4%
$497,001 - $621,000
0.9%
0.9%
$373,001 - $497,000
5.9%
5.9%
$249,001 - $373,000
19.1%
19.1%
$124,001 - $249,000
43.5%
43.5%
$62,001 - $124,000
17.5%
17.5%
$0 - $62,000
12.0%
12.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
7,695

Lady Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
86.58% 2.94%
1
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,454 / per month

Homeownership Rate

Owners
69.2%
69.2%
Renters
30.8%
30.8%
Vacant
18.3%
18.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.6%
25.6%
1970 - 1999
71.3%
71.3%
1940 - 1969
3.2%
3.2%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.0%
47.0%
Townhomes
3.8%
3.8%
Small Apt. Buildings
3.4%
3.4%
Apt. Complexes
14.3%
14.3%
Mobile Homes
31.5%
31.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
10.0%
10.0%
2 Bedrooms
64.6%
64.6%
3 Bedrooms
21.8%
21.8%
4 Bedrooms
2.7%
2.7%
5 or more bedrooms
0.2%
0.2%
0.0% 100.0%
% OF HOMES