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 about Scout's Real Estate Data
With 17,288 people, 9,061 houses or apartments, and a median cost of homes of $258,503, 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 50.44% of the town's housing units. Other types of housing that are prevalent in Lady Lake include mobile homes or trailers ( 31.18%), large apartment complexes or high rise apartments ( 12.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.56%).
Dwellings in Lady Lake tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 70.33% 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 ( 29.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.92%).
Vacant housing appears to be an issue in Lady Lake. Fully 16.57% 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 5.81%, which is lower than 70% of US communities.
Over the last year, Lady Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Lady Lake's appreciation rate has been 0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lady Lake were at -0.82%, which equates to an annual appreciation rate of -3.24%.
Relative to Florida, our data show that Lady Lake's latest annual appreciation rate is lower 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.
$258,503
for Florida
for nation
9,061
$1,867 / per month