Lake Park, NC 28079 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lake Park, NC—28079

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$438,000

1.9% YoY Growth

Household Income

$97,600

24.5% YoY Growth

Days on Market

14.0% Longer YoY

Home Price Forecast

0.2%

Median Rent

$2,060

4.9% YoY Growth

1-Bed Rent

$1,500

76.1% YoY Growth

2-Bed Rent

$1,850

3.3% YoY Growth

3-Bed Rent

$2,100

2.9% YoY Growth

Home Price Trends — Lake Park, NC

As of May '26, the median home price in Lake Park, NC is $438,000, with a year-over-year change of -1.9%. This indicates that home prices in Lake Park, NC are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$438,000	-1.9%
Single Family	$439,000	-2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lake Park, NC

As of July '25, Rentcast reports the average rent in Lake Park, NC is $2,130, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Lake Park, NC is studios: $1,900, 1-bedrooms: $1,500, 2-bedrooms: $1,870, 3-bedrooms: $2,110, 4-bedrooms: $2,400. The most common rental property sizes in Lake Park, NC are 3-bedroom and 4-bedroom, accounting for 45.3% and 22.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,060	$2,130
Studio Rent	$1,900	$1,900
1 Bed Rent	$1,500	$1,500
2 Bed Rent	$1,850	$1,870
3 Bed Rent	$2,100	$2,110
4 Bed Rent	$2,360	$2,400

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% of Rental Stock

1 Bedroom

8.3%

2 Bedrooms

16.1%

3 Bedrooms

45.3%

4 Bedrooms

22.3%

5+ Bedrooms

7.9%

Property Listings — Lake Park, NC

As of May '26, Realtor.com reports that the median days on market for a home in Lake Park, NC is 43. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$472,000	-8.0%
Listing Count	274	27.0%
Listings as % of Homes	1.0%	27.0%
Days on Market	43	14.0%

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Demographics — Lake Park, NC

As of the latest ACS Survey released in 2023, Lake Park, NC has a population of 40,800, which has increased by 11.1% over the past 5 years. Lake Park, NC is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	40,800	11.1%
% Under 18	25.8%	-4.4%
% Seniors	12.3%	9.8%
% WFH	16.9%	141.4%
% w/ College Degree	40.7%	15.3%

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As of the latest ACS Survey released in 2023, Lake Park, NC is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Lake Park, NC is black, making up 9.4% of the population. Foreign-born residents account for 11.5% of the population in Lake Park, NC, and this percentage has increased by 16.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	73.4%	-2.4%
% Black	9.4%	-4.1%
% Hispanic	9.4%	6.8%
% Asian	3.4%	25.9%
% Foreign Born	11.5%	16.2%

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Mortgage and Risk — Lake Park, NC

According to HUD data as of 2023, there were 1224 mortgage originations in Lake Park, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lake Park, NC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,224
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Lake Park, NC

As of 2024, the percent of homes in Lake Park, NC under the Section 8 program is 2.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lake Park, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	70
Total Units Section 8	70
% Rentals under Section 8	2.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$670	$1,500	$2,170
2 Bedroom	$550	$1,850	$2,400
3 Bedroom	$860	$2,100	$2,960
4 Bedroom	$1,390	$2,360	$3,750

Lake Park, NC—28079

Key Metrics at a Glance

Home Price Trends — Lake Park, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Park, NC

% of Rental Stock

Property Listings — Lake Park, NC

Demographics — Lake Park, NC

Race and Ethnicity

Mortgage and Risk — Lake Park, NC

Mortgages

Rentals and Section 8 — Lake Park, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Park, NC

Home Price to Income Ratio

Lake Park, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Monroe, NC

East Charlotte, Mint Hill, NC

Matthews, NC

Matthews, NC

Sardis Woods, Charlotte, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$438,000
Median Household Income	$97,600

Lake Park, NC—28079

Key Metrics at a Glance

Home Price Trends — Lake Park, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Park, NC

% of Rental Stock

Property Listings — Lake Park, NC

Demographics — Lake Park, NC

Race and Ethnicity

Mortgage and Risk — Lake Park, NC

Mortgages

Rentals and Section 8 — Lake Park, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Park, NC

Home Price to Income Ratio

Lake Park, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Monroe, NC

East Charlotte, Mint Hill, NC

Matthews, NC

Matthews, NC

Sardis Woods, Charlotte, NC

Frequently Asked Questions

What is the average home price in Lake Park, NC 28079?

How have home prices in Lake Park, NC 28079 changed over the past year?

What is the home price projection for Lake Park, NC 28079?

What are the demographics of Lake Park, NC 28079?

How long does it take homes to sell in Lake Park, NC 28079?

What is the average rent price in Lake Park, NC 28079?