The housing market in Lake City, FL (32055) is much more robust than the rest of the country. The median value of homes in this area is $188,500, which is significantly lower than the US median value of $338,100. However, in the last year alone, house values have appreciated 18.62%, much higher than the 8.27% appreciation rate seen in the US overall. This reflects a strong housing market that is outpacing national trends and could be a great opportunity for potential buyers or investors who are looking for great returns on their investment.
The median home cost in Lake City (zip 32055) is $188,500. Home appreciation the last 10 years has been 146.1%. Home Appreciation in Lake City (zip 32055) is up 26.2%.
Average Age of Homes
- The median age of Lake City (zip 32055) real estate is 32 years old
The Rental Market in Lake City (zip 32055)
- Renters make up 26.7% of the Lake City (zip 32055) population
- 1.1% of houses and apartments in Lake City (zip 32055), 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.