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Lake Clarke Shores

Learn about the people, housing, costs and businesses in Lake Clarke Shores, Florida

Median Home$528,600
Median Rent$1,399/month
Population3,239
Leading IndustriesManufacturing · Professional Services · Education2% manufacturing
Home Value Growth⬆⬆⬆+32.3% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners84% of occupied units
NotableHighly Educated29% bachelor's · 13% graduate · top 10% nationally
NotableHigh Incomes$111k/year · top 12% nationally
Lake Clarke Shores
FL

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Frequently Asked Questions

What are today's mortgage rates in Lake Clarke Shores?

As of today, the 30-year fixed mortgage rate for Lake Clarke Shores is approximately 6.887% (6.923% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Clarke Shores?

The median home value in Lake Clarke Shores is $529k. The median monthly rent is $1,399. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Clarke Shores?

Home values in Lake Clarke Shores have increased 32.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Clarke Shores?

Based on a typical all-in ownership cost of $1,699/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Clarke Shores is $111k/year.

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What industries drive the economy in Lake Clarke Shores?

The largest employment sectors in Lake Clarke Shores are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.