The typical owner-occupied home in Lake County is worth about $318,400, 11% below the Florida median of $359,000 and 4% below the national median of $332,700. Owners pay a median $2,433 a year in property taxes, about 0.76% of their home's value, close to the Florida rate of 0.76%. The median household earns $73,161 a year, so the median home costs 4.4 times the median income (4.8 times for Florida). 78% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Lake County at a glance
| Lake County | Florida | U.S. | |
|---|---|---|---|
| Median home value | $318,400 | $359,000 | $332,700 |
| Median property tax paid per year | $2,433 | $2,730 | $3,119 |
| Property tax as a share of value | 0.76% | 0.76% | 0.94% |
| Median household income | $73,161 | $74,568 | $80,734 |
| Homes lived in by their owners | 78% | 68% | 65% |
| Owner homes with a mortgage | 56% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,814 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 23.6% | 21.0% |
| Median rent | $1,586 | $1,669 | $1,413 |
| Rent as a share of renters' income | 34.4% | 35.2% | 30.6% |
| Median year homes were built | 1997 | 1988 | 1980 |
| Vacant homes | 12.3% | 14.7% | 10.1% |
| Population | 412,924 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Lake County
At this week's average 30-year rate of 7.11%, buying the median Lake County home of $318,400 with 20% down costs about $2,048 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,578, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $87,765 for the 20%-down payment. That payment is 34% of the median Lake County household income of $73,161; at that income and 20% down, the 28% guideline points to a home of about $265,000.
The median rent here is $1,586 a month, so owning the median home costs about $462 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,680 |
|---|---|
| Loan amount | $254,720 |
| Principal and interest | $1,714 |
| Property taxes (0.76% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| PMI | $0 |
| Total per month | $2,048 |
Change the numbers in the calculator
| Down payment | $11,144 |
|---|---|
| Loan amount | $312,633 |
| Principal and interest | $2,103 |
| Property taxes (0.76% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| FHA mortgage insurance | $141 |
| Total per month | $2,578 |
Change the numbers in the calculator
Questions about home buying in Lake County
What is the median home value in Lake County?
About $318,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lake County?
Homeowners pay a median $2,433 a year, which is about 0.76% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lake County?
For the median home with 20% down at 7.11%, the payment is about $2,048 a month. Keeping that under 28% of gross income takes about $87,765 a year.
More about Lake County
- Mortgage Refinance in Lake County
- Debt Relief in Lake County
- Home Equity Loans in Lake County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data