Lake County, Florida
Lake County
Lake County is located in the east central Florida region, along with Brevard, Orange, Volusia, Sumter, Seminole, and Osceola counties. Cities of Lake County include Astatula, Clermont, Eustis, Fruitland Park, Groveland, Lady Lake, Leesburg, Mascotte, Minneola, Montverde, Mount Dora, Tavares, and Umatilla. Lake County has approximately 1,400 named lakes. It is home to around 300,000 people. About one in four residents are over the age of 65.
Top industries in Lake County are retail, healthcare, construction, and food services. Major private sector employers for Lake County are Leesburg Regional Medical Center, Wal-Mart, Villages of Lake Sumter Inc., Florida Hospital-Waterman, and Publix Supermarkets. Top public sector employers are Lake County Public Schools, Lake County Government, and Lake County Sheriff's Department.
The county seat is Tavares, a city with a population over 12,000. A third of the people who live in Tavares are over age 65. The city?s economic strength lies in services, especially healthcare and retail.
Leesburg is a city of over 20,000. Nestled among the Harris Chain of Lakes, maritime recreational opportunities abound, including boating and fishing.The area hosts many full-service retirement communities. The Leesburg Regional Airport features two runways for general aviaion craft.
Lake County Florida Cities
There are 22 cities in Lake County Florida. These are listed below. Click on a link for details.
Altoona, Astatula, Astor, Clermont, Eustis, Ferndale, Fruitland Park, Grand Island, Groveland, Howey In The Hills, Lady Lake, Leesburg, Mascotte, Minneola, Montverde, Mount Dora, Okahumpka, Paisley, Sorrento, Tavares, Umatilla, Yalaha,
Lake County has a population of approximately 303,186 people. The population increased 2.1% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Lake County is 938.38 square miles and had a population density of 316.6 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 145,303 housing units in Lake County (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 County has a 77.7% homeownership rate compared to Florida's rate of 69.0%. Lake County's medium household income in 2011 was $47,509, which is lower than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | 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 | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Lake County | 303,186 | $5,430 | 2.1% | $47,509 | 145,303 | $167,900 |
11.4% of the population in Lake County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
Lake County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Lake County. 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 $5,430 million, Lake County's economic activity represents 0.86% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $825 | 15.2% |
| Merchant wholesaler sales | $726 | 13.4% |
| Retail sales | $3,442 | 63.4% |
| Accommodation and food services sales | $436 | 8.0% |
| Total | $5,430 | 100% |
Lake County Regional Comparisons
Lake County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Lake County represents 5.1% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Brevard County | 547,307 | $16,070 | 0.7% | $50,068 | 270,512 | $171,200 |
| Osceola County | 287,416 | $7,448 | 7.0% | $46,479 | 129,830 | $170,200 |
| Orange County | 1,202,234 | $53,843 | 4.9% | $49,731 | 492,209 | $211,100 |
| Seminole County | 430,838 | $12,124 | 1.9% | $58,908 | 182,625 | $225,500 |
| Lake County | 303,186 | $5,430 | 2.1% | $47,509 | 145,303 | $167,900 |
| Volusia County | 496,950 | $10,951 | 0.5% | $44,169 | 254,981 | $172,100 |
| Sumter County | 101,620 | $1,120 | 8.8% | $44,817 | 55,988 | $186,800 |
| Total | 3,369,551 | $106,985 | 3.7% | $48,812 | 1,531,448 | $186,400 |
Lake Real Estate
There are 138,099 properties in Lake County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 142 | $370,000 | $97 | January 1st, 2013 | August 1st, 2013 |
| Government Property | 1,328 | 0.96 | 3 | $34,700 | $36 | January 1st, 2013 | July 1st, 2013 |
| Miscellaneous Property | 236 | 0.17 | 2 | $14,274,300 | ####### | March 1st, 2013 | March 1st, 2013 |
| Residential Property | 0 | 0.00 | 5,364 | $116,000 | $72 | January 1st, 2013 | September 1st, 2013 |
Commercial Real Estate in Lake County, Florida
0( .00%) of the properties in Lake County are classified as Commercial. 142 of them sold between January 1st, 2013 and August 1st, 2013. The total value of these sales was $233,041,200. The median sales price was $370,000. In 2013 the median sales price for A Class Commercial Property in Lake County was $469 per sq ft, B Class properties sold for $97/ft and C Class $36/ft.
Government Real Estate in Lake County, Florida
1,328( .96%) of the properties in Lake County are classified as Government. 3 of them sold between January 1st, 2013 and July 1st, 2013. The total value of these sales was $142,800. The median sales price was $34,700. In 2013 the median sales price for Government Property in Lake County was $36 per sq ft.
Miscellaneous Real Estate in Lake County, Florida
236( .17%) of the properties in Lake County are classified as Miscellaneous. 2 of them sold between March 1st, 2013 and March 1st, 2013. The total value of these sales was $28,548,600. The median sales price was $14,274,300. In 2013 the median sales price for Miscellaneous Property in Lake County was ####### per sq ft.
Residential Real Estate in Lake County, Florida
0( .00%) of the properties in Lake County are classified as Residential. 5,364 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $730,760,843. The median sales price was $116,000. In 2013 the median sales price for A Class Residential Property in Lake County was $106 per sq ft, B Class properties sold for $72/ft and C Class $33/ft.
Additional Details:
Lake Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 2,739 | 4,829,517 |
| Government Property | 1,492 | 3,112,582 |
| Health Care | 10 | 258,485 |
| Hotel & Motel | 64 | 824,392 |
| Industrial | 811 | 15,113,590 |
| Land | 13,942 | 1,416,421 |
| Miscellaneous Property | 135 | 206,034 |
| Mobile/Manufactured | 16,996 | 19,393,244 |
| Multifamily | 1,544 | 10,398,447 |
| Office | 1,453 | 5,883,180 |
| Residential | 112,242 | 192,527,360 |
| Retail | 2,060 | 19,127,448 |
| Senior Housing | 48 | 2,095,550 |
| Special Purpose | 896 | 5,778,203 |
| Sports & Entertaining | 103 | 1,303,766 |