Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lake Placid

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

Median Home$270,239
Median Rent$990/month
Population2,332
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade18% construction
Home Value Growth⬆⬆⬆+49.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners67% of occupied units
NotableAmenity Score67/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
Lake Placid
FL

Frequently Asked Questions

What are today's mortgage rates in Lake Placid?

As of today, the 30-year fixed mortgage rate for Lake Placid is approximately 6.983% (7.022% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lake Placid
What is the median home price in Lake Placid?

The median home value in Lake Placid is $270k. The median monthly rent is $990. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Placid?

Home values in Lake Placid have increased 49.3% 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 Placid?

Based on a typical all-in ownership cost of $867/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Placid is $59k/year.

Calculate your buying power
What industries drive the economy in Lake Placid?

The largest employment sectors in Lake Placid are agriculture and mining (18%) and construction (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.