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Affordable Housing in Lake City, FL

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Lake City, FL Foreclosures

How much do homes sell for in Lake City, FL?
The average home price is currently $243,720.
In Lake City, FL, how many homes are available?
There are currently 1,042 active home listings available in Lake City.
What’s the average rental cost in Lake City, FL?
The average rental price in Lake City is $1,135.
What is the most expensive home in Lake City?
The most expensive home sold in Lake City had a price of $26,001,536.
What is currently the cheapest priced home in Lake City, FL?
The cheapest home for sale in Lake City is priced at $10,145.

Living in Lake City, FL

Lake City, FL, is a welcoming small town with a vibrant community spirit and a range of outdoor activities. Known for its natural beauty, Lake City offers excellent schools, parks, and local amenities, making it a perfect place for families and retirees alike. Its rich history and local events provide a strong sense of community for residents.

Current Market Conditions in Lake City, FL

Lake City's real estate market has experienced steady growth in recent years, with a notable increase in demand for single-family homes. The general trend indicates that buyers are attracted to the area's afforadable prices and spacious properties, which offer good investment potential.

With a balance of affordable housing and some high-end properties, Lake City presents opportunities for various buyer demographics. The market is currently favoring sellers due to the limited inventory and increasing prices.

Home Value Estimator For Lake City, FL

There are currently 19,403 real estate properties in Lake City, FL, with a median automated valuation model (AVM) price of $203,572.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake City, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake City, FL, is $243,720.00, with the most expensive house in Lake City, FL, topping out at $26,001,536.00 and the cheapest home in Lake City, FL, clocking in at $10,145.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake City, FL!

Rent Prices In Lake City, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake City, FL, is on a rollercoaster ride. The average rent price in Lake City, FL, is $1,135.00. Indeed, when looking to rent in Lake City, FL, you can expect to pay as little as $490.00 or as much as $2,810.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Lake City, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lake City, FL Affordable Housing


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