The housing in Lake Lorraine, FL is thriving. The median value for houses in the area is $357,700 which is higher than the US house median value of $338,100. That disparity is growing too; the US house appreciation rate over the past year has been 8.27%, while Lake Lorraine’s rate has been 14.18%. This indicates that this area of Florida is becoming increasingly valuable as a place to live and invest in property.
The median home cost in Lake Lorraine is $357,700. Home appreciation the last 10 years has been 133.7%. Home Appreciation in Lake Lorraine is up 20.1%.
Average Age of Homes
- The median age of Lake Lorraine real estate is 37 years old
The Rental Market in Lake Lorraine
- Renters make up 31.6% of the Lake Lorraine population
- 3.0% of houses and apartments in Lake Lorraine, 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.