Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Placid area can be challenging. Home prices in Lake Placid are now at a median cost of $159,813, lower than the Florida average of $278,762.
The average cost of rent is $939/mo in Lake Placid, primarily driven by the current value of real estate in the Lake Placid area. While nearly 67.87% of residents own their homes outright in Lake Placid, 16.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Placid is $3,940 per month. Households that rent pay about 23.84% of their income on rent here. Lake Placid's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Venus, FL: less expensive homes
- Joshua, FL: higher priced homes
- Gardner, FL: less expensive homes
- Brownville, FL: less expensive homes
- Lake Suzy, FL: less expensive homes
- Cubitis, FL: less expensive homes
- Southeast Arcadia, FL: less expensive homes
- Arcadia, FL: less expensive homes
- Nocatee, FL: less expensive homes
- Okeechobee, FL: equally priced homes
Cities with Similar Populations
- World Golf Village, FL: higher priced homes
- Warrenton, VA: higher priced homes
- Wantagh, NY: higher priced homes
- Tukwila, WA: higher priced homes
- Belgrade, MT: higher priced homes
- Beeville, TX: less expensive homes
- Columbia Heights, MN: higher priced homes
- Cameron Park, CA: higher priced homes
- Anderson, CA: higher priced homes
- Amherst, OH: equally priced homes
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