The housing market in Lake Park, FL is booming with an estimated median value of $361,500, which is significantly higher than the US median house value of $338,100. The US has appreciated 8.27% year on year but Lake Park has far exceeded this with a whopping 22.04% appreciation in the last year alone - this could be attributed to the beautiful beaches and vibrant atmosphere that the city offers its inhabitants. Investing in real estate here looks like a great option for those looking to capitalize on good returns.
The median home cost in Lake Park is $361,500. Home appreciation the last 10 years has been 200.8%. Home Appreciation in Lake Park is up 27.8%.
Average Age of Homes
- The median age of Lake Park real estate is 45 years old
The Rental Market in Lake Park
- Renters make up 49.6% of the Lake Park population
- 3.8% of houses and apartments in Lake Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.