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 a population of 16,661, 8,250 total housing units (homes and apartments), and a median house value of $275,963, 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 53.26% of the town's housing units. Other types of housing that are prevalent in Lady Lake include mobile homes or trailers ( 28.40%), large apartment complexes or high rise apartments ( 11.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.94%).
Dwellings in Lady Lake tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 70.50% 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 ( 25.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.54%).
Vacant housing appears to be an issue in Lady Lake. Fully 16.92% 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.
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 97.39%, which ranks in the top 40% nationwide. This equates to an annual average Lady Lake house appreciation rate of 7.04%.
NeighborhoodScout's data show that during the latest twelve months, Lady Lake's appreciation rate, at 7.72%, has been at or slightly above the national average. In the latest quarter, Lady Lake's appreciation rate has been 2.14%, which annualizes to a rate of 8.84%.
Relative to Florida, our data show that Lady Lake's latest annual appreciation rate is higher 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.
$275,963
for Florida
for nation
8,250
$2,251 / per month