Lake Park, FL—33403
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Park, FL
As of Nov '25, the median home price in Lake Park, FL is $362,000, with a year-over-year change of -5.8%. This indicates that home prices in Lake Park, FL are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | -5.8% |
| Single Family | $392,000 | -4.4% |
| Condos | $290,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $310,000 | -6.1% |
3 Bed | $422,000 | -4.1% |
4 Bed | $479,000 | -5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lake Park, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Lake Park, FL is 87. This is a increase of 9.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -3.0% |
Listing Count | 85 | 14.0% |
| Listings as % of Homes | 1.1% | 14.0% |
Days on Market | 87 | 9.0% |
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% |
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% |
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% |
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 |
Affordability — Lake Park, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $362,000 |
| Median Household Income | $69,000 |