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These days, finding an affordable place to live in the Lake Clarke Shores area can be challenging. Home prices in Lake Clarke Shores are now at a median cost of $520,869, higher than the Florida average of $396,783.
The average cost of rent is $1,399/mo in Lake Clarke Shores, primarily driven by the current value of real estate in the Lake Clarke Shores area. In Lake Clarke Shores, 15.03% of households rent, and 52.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Clarke Shores is $10,259 per month. Households that rent pay about 13.64% of their income on rent here. Lake Clarke Shores’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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