The housing market in Lake Park, GA is booming. The median value of a house in this city sits at $232,800, which is significantly less than the US median value of $338,100. However, over the past year, house appreciation in Lake Park has been much higher than the national average at 19.62%, compared to 8.27%. This indicates that Lake Park is an attractive housing market for potential homebuyers with plenty of room for growth and appreciation.
The median home cost in Lake Park is $232,800. Home appreciation the last 10 years has been 53.3%. Home Appreciation in Lake Park is up 14.1%.
Average Age of Homes
- The median age of Lake Park real estate is 33 years old
The Rental Market in Lake Park
- Renters make up 39.2% of the Lake Park population
- 4.3% 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.