Lake Placid, FL is a great place to invest in housing. According to the US House Median Value of $338,100 and the 1 year appreciation rate of 8.27%, it is clear that housing prices are on the rise across the country. However, Lake Placid stands out from the rest with its own median value of $248,500 and an impressive 1 year appreciation rate of 19.81%. This makes Lake Placid an ideal location for those looking to invest in real estate. With such high rates of appreciation, it is no wonder that many people are flocking to purchase homes in this area.
The median home cost in Lake Placid is $248,500. Home appreciation the last 10 years has been 186.0%. Home Appreciation in Lake Placid is up 25.4%.
Average Age of Homes
- The median age of Lake Placid real estate is 32 years old
The Rental Market in Lake Placid
- Renters make up 40.7% of the Lake Placid population
- 7.7% of houses and apartments in Lake Placid, 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.