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Lake Park

Learn about the people, housing, costs and businesses in Lake Park, North Carolina

Median Home$324,957
Median Rent$1,930/month
Population3,105
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services12% arts, food & hospitality
Home Value Growth+8.5% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners77% of occupied units
NotableHighly Educated28% bachelor's · 16% graduate · top 12% nationally
Lake Park
NC

Frequently Asked Questions

What are today's mortgage rates in Lake Park?

As of today, the 30-year fixed mortgage rate for Lake Park is approximately 6.880% (6.915% 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 Park?

The median home value in Lake Park is $325k. The median monthly rent is $1,930. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Park?

Home values in Lake Park have increased 8.5% over the past two years. This represents moderate growth. 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 Park?

Based on a typical all-in ownership cost of $1,473/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Park is $78k/year.

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What industries drive the economy in Lake Park?

The largest employment sectors in Lake Park are public administration (22%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.