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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 14,717, 6,936 total housing units (homes and apartments), and a median house value of $140,113, Lady Lake real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Lady Lake, accounting for 43.17% of the town's housing units. Other types of housing that are prevalent in Lady Lake include mobile homes or trailers ( 32.00%), large apartment complexes or high rise apartments ( 16.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.63%).
Dwellings in Lady Lake tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 79.92% 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 ( 22.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.02%).
Vacant housing appears to be an issue in Lady Lake. Fully 17.16% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lady Lake during the period has been just -1.55%, which is lower than 80% of US communities.
Appreciation rates are so strong in Lady Lake that despite a nationwide downturn in the housing market, Lady Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lady Lake appreciation rates continue to be some of the highest in America, at 7.20%, which is higher than appreciation rates in 82.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lady Lake. Lady Lake appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.
Importantly, this makes Lady Lake one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Lady Lake's latest annual appreciation rate is lower than 60% 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.
|$932,001 - $1,243,000||0.2|
|$622,001 - $932,000||1.2|
|$497,001 - $622,000||1.1|
|$373,001 - $497,000||4.9|
|$249,001 - $373,000||13.4|
|$124,001 - $249,000||40.5|
|$62,001 - $124,000||22.7|
|$0 - $62,000||15.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Lady Lake HOMES|
|2000 or Newer||22.3|
|1970 - 1999||75.2|
|1940 - 1969||2.0|
|1939 or Older||0.5|
|TYPE OF Lady Lake HOMES|
|Small Apt. Buildings||4.6|
|SIZE OF Lady Lake HOMES|
|5 or more bedrooms||0.54|