21 / 100

Lake County, FL

Clermont

RANK #780 / 996 NAT  ·  #19 / 41 FL  ·  POP 386,829

1YR FORECAST: -0.8%

5YR OUTLOOK: +17%

#38 Fastest Growing
Our model projects Lake County's housing market at -0.8% over the next year, underperforming most U.S. counties.

[01] Why Lake County?

Mount Dora, known for its historic downtown and annual arts festival, offers a distinctive charm within Lake County, Florida. Located in the central part of the state, roughly 30 miles northwest of Orlando, Lake County provides a quieter, more rural atmosphere while remaining accessible to urban amenities. The county is characterized by rolling hills and over 1,000 lakes, including the Harris Chain of Lakes, making it a destination for boating, fishing, and water sports. Outdoor enthusiasts can explore numerous parks and trails, such as Lake Louisa State Park with its multi-use trails and cabins, or Ferndale Preserve, offering picturesque views. The climate allows for year-round outdoor activities.

Life in Lake County often appeals to those seeking a balance between natural surroundings and suburban convenience. Many residents commute to Orlando for work, with the SR 50 corridor being a common route. The public school system, Lake County Schools, operates 49 schools and is an A-rated district. The economy is experiencing growth, with a low unemployment rate and rising median advertised salaries. Tourism is a significant sector, evidenced by increased hotel occupancy and tourist development tax collections. The county has also seen residential real estate activity, with increases in both single-family home and townhome/condo sales.

[02] Market Snapshot

Housing Ratio
7.3x

Overvalued relative to economy

GDP Growth
+6.3%

Well above national median

Home Prices
-3.7%

Prices declining

Climate & Terrain
3.4

Favorable climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks overvalued at 7.3x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Lake County Schools Education
    5,000+
  2. 2
    Publix Supermarkets Retail
    2,500+
  3. 3
    AdventHealth Waterman Healthcare
  4. 4
    UF Health Leesburg Hospital Healthcare
    1,000+
  5. 5
    Orlando Health South Lake Hospital Healthcare
  6. 6
    The Villages of Lake-Sumter Inc. Hospitality
  7. 7
    Walmart Supercenters Retail
  8. 8
    Lake County Sheriff's Office Government
  9. 9
    Lowe's Home Improvement Centers Retail
    500+
  10. 10
    Cornerstone Hospice & Palliative Care Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Lake County U.S. National

The Numbers

DEMOGRAPHICS
Population
386,829
+3.14% YoY
Median Household Income
$66,239
Median Home Value
$262,500
-3.71% 12mo
Median Rent
$1,323
Average Annual Pay
$53,106
+5.4% YoY
Employment
117,354
+2.4% YoY
Income-to-Home-Value
0.2523
More affordable than average
Migration Inflow
4.29%
of pop. from another state
Bachelor's Degree+
25.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$369,900
Days on Market
79
Slower market
Months of Supply
4.7
Balanced market
Sale-to-List Ratio
97.5%
Negotiation room for buyers
Sold Above List
10.9%
Listings w/ Price Drops
31.1%
Building Permits (2024)
4,990
Single-Family Permits
4,147

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.0
per 100K · nat avg 6.3
Firearm Fatalities
15.7
per 100K · nat avg 14.8
Injury Deaths
122.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
35.3
Good
Good Air Days
94%
1,024 of 1,084 days
Unhealthy+ Days (3yr)
0
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
34
2022
35
2023
37
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +6.3% 92 percentile
Population Growth +3.1% 96 percentile
Income Growth +10.4% 84 percentile
Vacancy Rate 1.8% 12 percentile
Home Price Change -3.7% 6 percentile
Rent Growth +1.3% 24 percentile
Price/Rent 11x 78 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Lake County, FL a good place to move to?

At 21/100, Lake County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $66,239 combined with job growth of +2.4% suggests the local economy is struggling to keep pace with national trends.

Is Lake County affordable?

Housing in Lake County is roughly in line with national affordability norms. The median home costs $262,500 and the income-to-home-value ratio sits at 0.25, with rents averaging $1,323/month. Not a bargain, but not a stretch for most local earners either.

Is Lake County growing or shrinking?

Lake County is growing on multiple fronts. Population is up +3.1% year-over-year while employers added jobs at a +2.4% clip. Home values shifted -3.7% in the past year.

Are people moving to Lake County?

There's a moderate stream of newcomers. About 4.29% of residents moved from another state, which is above average and suggests Lake County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Pinellas County, FL 21 Alachua County, FL 20 St. Johns County, FL 20 Duval County, FL 19 Nassau County, FL 24 Putnam County, FL 24 Brazoria County, TX 20 St. Charles County, MO 22