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Lake Latonka

Learn about the people, housing, costs and businesses in Lake Latonka, Pennsylvania

Median Home$212,452
Median Rent$786/month
Population892
Leading IndustriesRetail · Manufacturing · Healthcare20% retail
Home Value Growth⬆⬆+19.9% over 2 years
Retirees26% of residentsabove average nationally
Homeowners90% of occupied units
Lake Latonka
PA

Frequently Asked Questions

What are today's mortgage rates in Lake Latonka?

As of today, the 30-year fixed mortgage rate for Lake Latonka is approximately 6.996% (7.036% 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 Latonka?

The median home value in Lake Latonka is $212k. The median monthly rent is $786. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Latonka?

Home values in Lake Latonka have increased 19.9% 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 Latonka?

Based on a typical all-in ownership cost of $823/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Latonka is $76k/year.

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What industries drive the economy in Lake Latonka?

The largest employment sectors in Lake Latonka are retail (20%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.