The typical owner-occupied home in Indian Lake Estates is worth about $233,100, 35% below the Florida median of $359,000 and 30% below the national median of $332,700. Owners pay a median $1,926 a year in property taxes, about 0.83% of their home's value, higher than the Florida rate of 0.76%. The median household earns $69,007 a year, so the median home costs 3.4 times the median income (4.8 times for Florida). 90% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Indian Lake Estates at a glance
| Indian Lake Estates | Florida | U.S. | |
|---|---|---|---|
| Median home value | $233,100 | $359,000 | $332,700 |
| Median property tax paid per year | $1,926 | $2,730 | $3,119 |
| Property tax as a share of value | 0.83% | 0.76% | 0.94% |
| Median household income | $69,007 | $74,568 | $80,734 |
| Homes lived in by their owners | 90% | 68% | 65% |
| Owner homes with a mortgage | 33% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,744 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 23.6% | 21.0% |
| Median rent | – | $1,669 | $1,413 |
| Median year homes were built | 1987 | 1988 | 1980 |
| Vacant homes | 30.6% | 14.7% | 10.1% |
| Population | 984 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Indian Lake Estates
At this week's average 30-year rate of 7.11%, buying the median Indian Lake Estates home of $233,100 with 20% down costs about $1,513 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,901, 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 $64,835 for the 20%-down payment. That payment is 26% of the median Indian Lake Estates household income of $69,007; at that income and 20% down, the 28% guideline points to a home of about $248,000.
| Down payment | $46,620 |
|---|---|
| Loan amount | $186,480 |
| Principal and interest | $1,254 |
| Property taxes (0.83% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,513 |
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| Down payment | $8,158 |
|---|---|
| Loan amount | $228,878 |
| Principal and interest | $1,540 |
| Property taxes (0.83% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,901 |
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Questions about home buying in Indian Lake Estates
What is the median home value in Indian Lake Estates?
About $233,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Indian Lake Estates?
Homeowners pay a median $1,926 a year, which is about 0.83% 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 Indian Lake Estates?
For the median home with 20% down at 7.11%, the payment is about $1,513 a month. Keeping that under 28% of gross income takes about $64,835 a year.
More about Indian Lake Estates
- Mortgage Refinance in Indian Lake Estates
- Debt Relief in Indian Lake Estates
- Home Equity Loans in Indian Lake Estates
- 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