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contentsSouth Lake FL Chamberads

Residential Living

house

It’s no wonder South Lake County appeals to homebuyers. Anyone looking for a new or existing home can appreciate its attributes: a convenient location, local governments that provide superior municipal services and still boast of small-town charm, a scenic landscape and a range of housing styles and prices to meet any buyer’s needs.

The housing landscape is only getting better as indicated by plans for new housing developments. First-time homebuyers have a large selection to choose from, including new subdivisions, older cottage-style homes in downtown districts, and townhouse communities with amenities for active adults and a no-maintenance lifestyle. All-adult communities provide extensive recreational amenities such as pools, golf, tennis, clubhouses and fitness centers. In addition, the South Lake area has several assisted living communities with the ability for aging adults to transition to a full-care facility.

For buyers looking to “buy-up” to the next level, housing options include golf course communities, large estate homes, gated communities, lakefront properties or custom-built homes. The luxury home market has arrived in South Lake County with large mansions on the waterfront now available in the multi-million-dollar range.

park

The “Four Corners” area has seen tremendous growth and many new housing communities are now available. At south Highway 27 and Highway 192, housing is geared to the short-term rental and vacation market but also to many of the employees of the theme parks. With new subdivisions and retirement communities, the “Four Corners” area has experienced a surge in commercial development to serve the needs of the residents, and it is carving out its own unique identity.

The county also retains its rural flavor in unincorporated areas of Groveland, Mascotte and Montverde. The agricultural history can still be found in five, 10, and even 20-acre tracts of land for home sites. Many areas are still zoned agricultural, and people enjoy privacy on large ranches and farms.

Total Households — 112,740
Average Household Size — 2.55
Average Family Size — 3.06
Owner-occupied Homes — 90,246
Median Value (dollars) — 195,800

Lake County
Florida

Population, 2005 estimate
277,035
17,789,864

Population, April 1, 2000 to July 1, 2005
31.6%
11.3%

Population, 2000
210,528
15,982,378

Population, 1990 to 2000
38.4%
23.5%

Persons under 5 years old, 2004
5.4%
6.3%

Persons under 18 years old, 2004
20.2%
23.0%

Persons 65 years old and over, 2004
26.1%
16.8%

Female persons, 2004
51.4%
51.0%

White persons, 2004 (a)
88.7%
80.6%

Black or African American persons, 2004 (a)
8.7%
15.7%

American Indian and Alaska Native persons, 2004 (a)
0.4%
0.4%

Asian persons, 2004 (a)
1.3%
2.0%

Native Hawaiian and Other Pacific Islander, 2004 (a)
0.1%
0.1%

Persons reporting two or more races, 2004
0.8%
1.2%

Persons of Hispanic or Latino origin, 2004 (b)
8.3%
19.0%

White persons, not of Hispanic/Latino origin, 2004
80.9%
62.8%

Living in same house in 1995 and 2000, age 5+, 2000
49.5%
48.9%

Foreign born persons, 2000
5.1%
16.7%

Language other than English spoken at home, age 5+, 2000
8.4%
23.1%

High school graduates, of persons at 25+, estimate 2000
79.8%
79.9%

Bachelor's degree or higher, of persons age 25+, estimate 2000
16.6%
22.3%

Persons with a disability, age 5+
49,474
3,274,566

Mean travel time to work (minutes), workers age 15+, 2003
27.6
26.2

Housing units, 2004
121,564
8,009,427

Homeownership rate, 2003
81.5%
70.1%

Housing units in multi-unit structures, 2002
9.8%
29.9%

Median value of owner-occupied housing units, 2003
$100,600
$105,500

Households, 2003
102,920
6,766,448

Persons per household, 2003
2.34
2.46

Median household income, 2003
$39,013
$38,985

Per capita money income, 2003
$21,625
$23,085

Persons below poverty, 2003
10.2%
13.0%

Source U.S. Census Bureau: State and County QuickFacts. Data derived from Population Estimates, 2004

Housing Units
Lake County
Florida
U.S.

Total housing units
127,656
8,256,847
124,521,886

Renter-Occupied Housing Units

Renter-occupied housing units
23,232 or 20.3%
30.4%
33.1%

Average number of household members
2.39
2.47
2.60

Average number of rooms
4.31
3.83
4.04

Average number of vehicles
1.29
1.25
1.19

Median year structure was built
1978
1977
1969

Median year householder moved in
1998
1999
1998

Median rent ($)
424
551
519

Median rent asked for vacant units ($)
445
576
469

Rent includes utilities
2,089 or 12.8%
11.4%
16.5%

Rent as a percent of household revenue
26.5%
27.5%
25.5%

Owner-Occupied Housing Units

Owner-occupied housing units
91,184
69.6%
66.9%

Average number of household members 2003
2.34
2.46
2.71

Average number of rooms
5.64
5.69
6.30

Average number of vehicles
1.63
1.63
1.64

Median year structure was built
1985
1980
1971

Median year householder moved in
1994
1993
1991

Median value ($)
149,000
189,500
167,500

With mortgage or contract to purchase
30,430
52.3%
55.4%

With second mortgage, equity loan
5,930
11.4%
12.7%

Median price asked for vacant housing ($)
98,600
92,200
89,600

Monthly cost, with mortgage ($)
1,152
1,247
1,295

Monthly cost, without mortgage ($)
336
382
369

Sources: U.S. Census Bureau, 2005 Census; ePodunk

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