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Lecanto

Learn about the people, housing, costs and businesses in Lecanto, Florida

Median Home$269,635
Median Rent$1,164/month
Population7,193
Leading IndustriesRetail · Manufacturing · Professional Services22% retail
Home Value Growth⬆⬆⬆+35.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners88% of occupied units
NotableTransit80/100 · excellent transit access
Lecanto
FL

Frequently Asked Questions

What are today's mortgage rates in Lecanto?

As of today, the 30-year fixed mortgage rate for Lecanto is approximately 7.031% (7.072% 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 Lecanto?

The median home value in Lecanto is $270k. The median monthly rent is $1,164. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lecanto?

Home values in Lecanto have increased 35.4% 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 Lecanto?

Based on a typical all-in ownership cost of $667/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lecanto is $54k/year.

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What industries drive the economy in Lecanto?

The largest employment sectors in Lecanto are retail (22%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.