Lake City, Florida

Columbia County Real Estate - Lake City

Lake City is in North Central Florida. It's population as recorded in the 2010 Census was 12,046. Lake City is approximately 42 miles from Gainesville (population 124,354) and around 47 miles from Middleburg (population 13,008).

The median age for residents of Lake City is 36.7. Around 34.3% of Lake City households include school aged children and 26.6% of households include individuals aged 65 years or over. Census records indicate 56.5% of the Lake City population are White, 37.2% are Black or African American, .4% American Indian, 1.6% Asian and 2.7% are Two or more Races.

There are 5,539 housing units in Lake City. 873 (15.7%) of these were reported as vacant in the 2010 Census. There are 2,891 residential rental units in Lake City. 2,458 of them were occupied in 2010 providing a residential rental vacancy rate of 14.6%.

Lake City links:

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Lake City is located in Columbia County. It has a population of approximately 12,046 people. The population increased 0.5% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 0.6% for Columbia County and a 1.7% increase for the country as a whole. Lake City occupies 12.02 of the 797.57 square miles in Columbia County. It had a population density of 1002.4 persons per square mile in 2010. This compared to 84.7 for the county, 350.6 for Florida and 87.4 for the country.

19.2% ( 5,539) of the 28,910 housing units in Columbia County are in Lake City (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Lake City has a 48.1% homeownership rate compared to Columbia County's 70.1% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Columbia County 67,531 $1,796 0.6% $38,589 28,910 $127,100
Lake City 12,046 $1,4260.5%$30,812 5,539$129,900

Lake City's medium household income in 2011 was $30,812. Columbia County's medium household income was $38,589, which is lower than the medium income for Florida as a whole: $47,827. 22.8% of the population in Lake City lives below the poverty line, compared to 14.7% in Florida, 16.2% of the population in Columbia County and 14.3% nationwide. Additional Information:

Lake City Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Lake City. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $1,426 million, Lake City's economic activity represents 79.41% of Columbia County's $1,796MM in economic activity. Columbia County represents 0.28% of the Florida economy.

Lake City Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $328 23.0%
Merchant wholesaler sales $260 18.2%
Retail sales $738 51.8%
Accommodation and food services sales $100 7.0%
Total $1,426100%

Columbia County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Lake City 12,046 $1,4260.5%$30,812 5,539$129,900

Columbia County is located in North Central Florida. This region is responsible for 2.6% of Florida's economic activity. Columbia County represents 11.1% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Madison County 19,224 $137 -1.7% $36,557 8,499 $94,100
Hamilton County 14,799 $111 -0.6% $36,683 5,830 $75,600
Taylor County 22,570 $823 0.8% $38,005 11,085 $89,700
Suwannee County 41,551 $494 5.1% $37,775 19,417 $108,900
Union County 15,535 $53 -2.1% $45,645 4,566 $113,500
Bradford County 28,520 $253 -5.2% $41,397 11,083 $121,400
Lafayette County 8,870 $69 -0.7% $49,713 3,386 $153,500
Dixie County 16,422 $57 -1.8% $34,243 9,471 $104,400
Levy County 40,801 $572 -1.9% $35,920 20,350 $108,400
Gilchrist County 16,939 $63 -0.7% $38,467 7,367 $119,600
Alachua County 247,336 $3,646 1.6% $41,373 113,371 $185,100
Marion County 331,298 $8,053 1.2% $40,103 164,037 $142,000
Columbia County 67,531 $1,796 0.6% $38,589 28,910 $127,100
Total 878,554 $16,126 -0.4% $39,575 407,372 $118,715

Lake City Real Estate

There are 48,206 properties in Lake City. The following table shows a summary of them based on 2014 sales data.

Lake City Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 3,653 7.58 6 $187,900 $87February 1st, 2014June 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 261 0.54 0n/an/an/an/a
Hotel & Motel 707 1.47 0n/an/an/an/a
Industrial 270 0.56 0n/an/an/an/a
Miscellaneous Property 36 0.07 0n/an/an/an/a
Mobile/Manufactured 10,869 22.55 27 $54,700 $34January 1st, 2014August 1st, 2014
Multifamily 651 1.35 0n/an/an/an/a
Office 488 1.01 0n/an/an/an/a
Residential 30,043 62.32 205 $116,500 $58January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 676 1.40 1 $142,000 $69January 1st, 2014January 1st, 2014
Senior Housing 13 0.03 0n/an/an/an/a
Special Purpose 485 1.01 0n/an/an/an/a
Sports & Entertaining 54 0.11 0n/an/an/an/a

Agricultural Real Estate in Lake City, Florida

3,653( 7.58%) of the properties in Lake City are classified as Agricultural. 6 of them sold between February 1st, 2014 and June 1st, 2014. The total value of these sales was $1,187,200. The median sales price was $187,900. In 2014 the median sales price for Agricultural in Lake City was $87 per sq ft.

Commercial Real Estate in Lake City, Florida

0( .00%) of the properties in Lake City are classified as Commercial.

Government Real Estate in Lake City, Florida

261( .54%) of the properties in Lake City are classified as Government.

Hotel & Motel Real Estate in Lake City, Florida

707( 1.47%) of the properties in Lake City are classified as Hotel & Motel.

Industrial Real Estate in Lake City, Florida

270( .56%) of the properties in Lake City are classified as Industrial.

Miscellaneous Real Estate in Lake City, Florida

36( .07%) of the properties in Lake City are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Lake City, Florida

10,869( 22.55%) of the properties in Lake City are classified as Mobile/Manufactured. 27 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $1,280,150. The median sales price was $54,700. In 2014 the median sales price for A Class Mobile/Manufactured in Lake City was $50 per sq ft, B Class properties sold for $34/ft and C Class $1/ft.

Multifamily Real Estate in Lake City, Florida

651( 1.35%) of the properties in Lake City are classified as Multifamily.

Office Real Estate in Lake City, Florida

488( 1.01%) of the properties in Lake City are classified as Office.

Residential Real Estate in Lake City, Florida

30,043( 62.32%) of the properties in Lake City are classified as Residential. 205 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $25,102,200. The median sales price was $116,500. In 2014 the median sales price for A Class Residential in Lake City was $86 per sq ft, B Class properties sold for $58/ft and C Class $34/ft.

Residential Real Estate in Lake City, Florida

0( .00%) of the properties in Lake City are classified as Residential.

Retail Real Estate in Lake City, Florida

676( 1.40%) of the properties in Lake City are classified as Retail. 1 of them sold between January 1st, 2014 and January 1st, 2014. The total value of these sales was $142,000. The median sales price was $142,000. In 2014 the median sales price for Retail in Lake City was $69 per sq ft.

Senior Housing Real Estate in Lake City, Florida

13( .03%) of the properties in Lake City are classified as Senior Housing.

Special Purpose Real Estate in Lake City, Florida

485( 1.01%) of the properties in Lake City are classified as Special Purpose.

Sports & Entertaining Real Estate in Lake City, Florida

54( .11%) of the properties in Lake City are classified as Sports & Entertaining.

Lake City, Columbia County Market Data

Lake City Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 3,638 6,384,160
Government Property 269 8,236,612
Hotel & Motel 712 651,552
Industrial 269 13,122,745
Land 3,407 1,113,120
Miscellaneous Property 36 102,167
Mobile/Manufactured 11,000 16,609,895
Multifamily 652 3,862,739
Office 491 2,120,063
Residential 30,270 61,142,164
Retail 692 5,745,233
Senior Housing 13 516,796
Special Purpose 497 4,012,273
Sports & Entertaining 47 295,809

Lake City Median Property Values per Sq Ft

Lake City Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2016 $144$37 $63$17 $14$7
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $73$8 $35$5 $35$3
Auto sales, auto repair and storage or auto service shop 2016 $144$12 $63$7 $14$3
Bowling alley, skating rink, pool hall or enclosed arena 2016 $144$37 $63$17 $14$7
Church 2016 $156$8 $67$5 $37$3
Club, lodge or union hall 2016 $156$8 $67$5 $37$3
College 2016 $156$30 $67$15 $37$7
Community Shopping Center 2016 $144$12 $63$7 $14$3
Condominium 2016 $53$16 $29$16 $18$16
County Owned 2016 $156$30 $67$15 $37$7
Cropland soil capability Class II 2016 $156$17 $67$12 $37$8
Cultural organization, facility 2016 $156$8 $67$5 $37$3
Federal Owned 2016 $156$30 $67$15 $37$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $73$12 $35$7 $35$3
Forest, park or recreational area 2016 $156$30 $67$15 $37$7
Golf course or driving range 2016 $144$37 $63$17 $14$7
Grazing land soil capability Class II 2016 $156$17 $67$12 $37$8
Grazing land soil capability Class III 2016 $156$17 $67$12 $37$8
Heavy industrial 2016 $144$17 $63$10 $14$5
Home for the aged 2016 $156$15 $67$10 $37$9
Hospital 2016 $156$30 $67$15 $37$7
Hotel or motel 2016 $144$33 $63$33 $14$33
Improved agricultural 2016 $156$17 $67$12 $37$8
Light manufacturing 2016 $144$17 $63$10 $14$5
Lumber yard, sawmill or planing mill 2016 $144$17 $63$10 $14$5
Miscellaneous Residential (migrant camp or boarding home.) 2016 $53$33 $29$33 $18$33
Mixed use - store and office or store and residential or residential combination 2016 $144$12 $63$7 $14$3
Mobile Home 2016 $53$6 $29$6 $18$6
Mortuary, cemetery or crematorium 2016 $156$8 $67$5 $37$3
Multi-family - 10 units or more 2016 $53$22 $29$13 $18$7
Multi-family - less than 10 units 2016 $58$22 $58$13 $58$7
Municipal Owned 2016 $156$30 $67$15 $37$7
Nightclub, cocktail lounge or bar 2016 $144$37 $63$17 $14$7
Office building, non-professional service building, multi-story 2016 $73$30 $35$18 $35$11
Office building, non-professional service building, one story 2016 $73$30 $35$18 $35$11
Orchard Groves, Citrus, etc. 2016 $156$17 $67$12 $37$8
Ornamentals, miscellaneous agricultural 2016 $156$17 $67$12 $37$8
Orphanage, other non-profit or charitable services 2016 $156$8 $67$5 $37$3
Packing plant (fruit and vegetable or meat packing) 2016 $144$17 $63$10 $14$5
Private school or college 2016 $156$8 $67$5 $37$3
Professional service building 2016 $73$30 $35$18 $35$11
Public county school 2016 $156$30 $67$15 $37$7
Race track: horse, auto or dog 2016 $144$37 $63$17 $14$7
Repair service shop (excluding automotive) 2016 $144$12 $63$7 $14$3
Restaurant, cafeteria 2016 $73$12 $35$7 $35$3
Service station 2016 $144$12 $63$7 $14$3
Single Family 2016 $85$16 $59$16 $35$16
State Owned 2016 $156$30 $67$15 $37$7
Store, one story 2016 $144$12 $63$7 $14$3
Supermarket 2016 $144$12 $63$7 $14$3
Timberland - site index 60 to 69 2016 $156$17 $67$12 $37$8
Timberland - site index 70 to 79 2016 $156$17 $67$12 $37$8
Timberland - site index 80 to 89 2016 $156$17 $67$12 $37$8
Timberland - site index 90 and above 2016 $156$17 $67$12 $37$8
Timberland not classified by site index to Pines 2016 $156$17 $67$12 $37$8
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $144$37 $63$17 $14$7
Utility 2016 $156$42 $67$15 $37$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $144$17 $63$10 $14$5
Wholesale outlet, produce house or manufacturing outlet 2016 $144$12 $63$7 $14$3