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.

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My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Lake County Florida.

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.

Regional Economic Indicators
RegionPopulation
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.

Economic Activity
ActivityValue (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 $5,430100%

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.

Regional Economic Indicators
RegionPopulation
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.

Lake County Real Estate Sales Summary
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Commercial Property 0 0.00 142 $370,000 $97January 1st, 2013August 1st, 2013
Government Property 1,328 0.96 3 $34,700 $36January 1st, 2013July 1st, 2013
Miscellaneous Property 236 0.17 2 $14,274,300#######March 1st, 2013March 1st, 2013
Residential Property 0 0.00 5,364 $116,000 $72January 1st, 2013September 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

Lake Real Estate
Property UsageProperty CountTotal 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