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Lake Success

Learn about the people, housing, costs and businesses in Lake Success, New York

Median Home$1,555,000
Median Rent$3,501/month
Population2,829
Leading IndustriesTransportation · Professional Services · Public Administration9% transportation
Home Value Growth⬆⬆⬆+22.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners93% of occupied units
NotableHigh Incomes$244k/year · top 1% nationally
NotableAmenity Score70/100 · highly walkable area
Lake Success
NY

Frequently Asked Questions

What are today's mortgage rates in Lake Success?

As of today, the 30-year fixed mortgage rate for Lake Success is approximately 7.004% (7.037% 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 Success?

The median home value in Lake Success is $1.6M. The median monthly rent is $3,501. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Success?

Home values in Lake Success have increased 22.6% 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 Success?

Based on a typical all-in ownership cost of $4,001/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $171k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Success is $244k/year.

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What industries drive the economy in Lake Success?

The largest employment sectors in Lake Success are public administration (33%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.