The typical owner-occupied home in Lady Lake is worth about $227,300, 37% below the Florida median of $359,000 and 32% below the national median of $332,700. Owners pay a median $2,373 a year in property taxes, about 1.04% of their home's value, higher than the Florida rate of 0.76%. The median household earns $46,074 a year, so the median home costs 4.9 times the median income (4.8 times for Florida). 73% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Lady Lake at a glance
| Lady Lake | Florida | U.S. | |
|---|---|---|---|
| Median home value | $227,300 | $359,000 | $332,700 |
| Median property tax paid per year | $2,373 | $2,730 | $3,119 |
| Property tax as a share of value | 1.04% | 0.76% | 0.94% |
| Median household income | $46,074 | $74,568 | $80,734 |
| Homes lived in by their owners | 73% | 68% | 65% |
| Owner homes with a mortgage | 46% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,196 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 29.2% | 23.6% | 21.0% |
| Median rent | $1,387 | $1,669 | $1,413 |
| Rent as a share of renters' income | 41.8% | 35.2% | 30.6% |
| Median year homes were built | 1994 | 1988 | 1980 |
| Vacant homes | 16.6% | 14.7% | 10.1% |
| Population | 16,675 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Lady Lake
At this week's average 30-year rate of 7.11%, buying the median Lady Lake home of $227,300 with 20% down costs about $1,515 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,894, 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 $64,926 for the 20%-down payment. That payment is 39% of the median Lady Lake household income of $46,074; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $1,387 a month, so owning the median home costs about $128 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,460 |
|---|---|
| Loan amount | $181,840 |
| Principal and interest | $1,223 |
| Property taxes (1.04% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,515 |
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| Down payment | $7,956 |
|---|---|
| Loan amount | $223,183 |
| Principal and interest | $1,501 |
| Property taxes (1.04% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,894 |
Change the numbers in the calculator
Questions about home buying in Lady Lake
What is the median home value in Lady Lake?
About $227,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lady Lake?
Homeowners pay a median $2,373 a year, which is about 1.04% 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 Lady Lake?
For the median home with 20% down at 7.11%, the payment is about $1,515 a month. Keeping that under 28% of gross income takes about $64,926 a year.
More about Lady Lake
- Mortgage Refinance in Lady Lake
- Debt Relief in Lady Lake
- Home Equity Loans in Lady Lake
- 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