Lake Park, FL 33403 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lake Park, FL—33403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$382,000

1.0% YoY Growth

Household Income

$69,000

37.2% YoY Growth

Days on Market

13.0% Shorter YoY

Home Price Forecast

0.7%

Median Rent

$2,400

0.8% YoY Growth

1-Bed Rent

$1,530

17.8% YoY Growth

2-Bed Rent

$2,200

2.9% YoY Growth

3-Bed Rent

$2,800

7.9% YoY Growth

Home Price Trends — Lake Park, FL

As of May '26, the median home price in Lake Park, FL is $382,000, with a year-over-year change of -1.0%. This indicates that home prices in Lake Park, FL are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$382,000	-1.0%
Single Family	$408,000	0.7%
Condos	$307,000	-1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lake Park, FL

As of July '25, Rentcast reports the average rent in Lake Park, FL is $2,540, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Lake Park, FL is studios: $3,600, 1-bedrooms: $1,710, 2-bedrooms: $2,330, 3-bedrooms: $3,150, 4-bedrooms: $3,780. The most common rental property sizes in Lake Park, FL are 2-bedroom and 1-bedroom, accounting for 55.5% and 17.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,400	$2,540
Studio Rent	$3,600	$3,600
1 Bed Rent	$1,530	$1,710
2 Bed Rent	$2,200	$2,330
3 Bed Rent	$2,800	$3,150
4 Bed Rent	$4,000	$3,780

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% of Rental Stock

Studio

1.2%

1 Bedroom

17.2%

2 Bedrooms

55.5%

3 Bedrooms

15.4%

4 Bedrooms

10.7%

Property Listings — Lake Park, FL

As of May '26, Realtor.com reports that the median days on market for a home in Lake Park, FL is 72. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$687,000	58.0%
Listing Count	116	38.0%
Listings as % of Homes	1.1%	38.0%
Days on Market	72	-13.0%

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Demographics — Lake Park, FL

As of the latest ACS Survey released in 2023, Lake Park, FL has a population of 13,700, which has increased by 9.2% over the past 5 years. Lake Park, FL is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,700	9.2%
% Under 18	21.4%	-5.7%
% Seniors	13.6%	7.9%
% WFH	8.7%	89.1%
% w/ College Degree	26.3%	7.3%

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As of the latest ACS Survey released in 2023, Lake Park, FL is a predominantly black area, with 45.6% of the population identifying as black. The black population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Lake Park, FL is white, making up 31.0% of the population. Foreign-born residents account for 25.7% of the population in Lake Park, FL, and this percentage has increased by 10.3% 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	31.0%	-19.1%
% Black	45.6%	-2.8%
% Hispanic	16.7%	128.8%
% Asian	1.5%	-58.3%
% Foreign Born	25.7%	10.3%

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Mortgage and Risk — Lake Park, FL

According to HUD data as of 2023, there were 155 mortgage originations in Lake Park, FL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Lake Park, FL. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	155
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	3.0%
% Second Loans	5.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Lake Park, FL

As of 2024, the percent of homes in Lake Park, FL under the Section 8 program is 5.9%. 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, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	134
Total Units Section 8	134
% Rentals under Section 8	5.9%
% Occupied Section 8	81.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$30	$1,530	$1,500
2 Bedroom	-$410	$2,200	$1,790
3 Bedroom	-$460	$2,800	$2,340
4 Bedroom	-$1,200	$4,000	$2,800

Lake Park, FL—33403

Key Metrics at a Glance

Home Price Trends — Lake Park, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Park, FL

% of Rental Stock

Property Listings — Lake Park, FL

Demographics — Lake Park, FL

Race and Ethnicity

Mortgage and Risk — Lake Park, FL

Mortgages

Rentals and Section 8 — Lake Park, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Park, FL

Home Price to Income Ratio

Lake Park, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Riviera Beach, FL

North Palm Beach, FL

Palm Beach Gardens, FL

West Palm Beach, FL

West Palm Beach, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$382,000
Median Household Income	$69,000

Lake Park, FL—33403

Key Metrics at a Glance

Home Price Trends — Lake Park, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Park, FL

% of Rental Stock

Property Listings — Lake Park, FL

Demographics — Lake Park, FL

Race and Ethnicity

Mortgage and Risk — Lake Park, FL

Mortgages

Rentals and Section 8 — Lake Park, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Park, FL

Home Price to Income Ratio

Lake Park, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Riviera Beach, FL

North Palm Beach, FL

Palm Beach Gardens, FL

West Palm Beach, FL

West Palm Beach, FL

Frequently Asked Questions

What is the average home price in Lake Park, FL 33403?

How have home prices in Lake Park, FL 33403 changed over the past year?

What is the home price projection for Lake Park, FL 33403?

What are the demographics of Lake Park, FL 33403?

How long does it take homes to sell in Lake Park, FL 33403?

What is the average rent price in Lake Park, FL 33403?