Lake Park, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lake Park, Florida rental market.
Lake Park, Florida
Average Apartment Rent
$2,464
Y-o-Y Change in Average
Apartment Rent
4.1%
As of November 2024
Compared to a year ago, Lake Park, Florida apartments have recorded a 4.1% rent increase.
Lake Park, Florida Average apartment rent trend
Lake Park, Florida Average Apartment Rent
Lake Park, Florida Apartment rent ranges
At 78.28%, apartments priced Over $2,000 represent the bulk of Lake Park, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.62%.
Lake Park, Florida Housing tenure**
Renters take up 54% of Lake Park, Florida real estate, occupying a total of 1,815 units, while homeowners live in 1,526 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$44,219
Average household size of renter-occupied housing units**
2.76
Rental vacancy rate**
6.7%
Lake Park, Florida Renter-occupied housing units by no. of bedrooms**
There are 889 rentals in Lake Park, Florida with 2 beds making up the highest share of the market, at 49%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 33 units. Overall, the median number of rooms in Lake Park, Florida homes for rent is 4.
Lake Park, Florida Renter-occupied units by age of householder**
Most condos for rent in Lake Park, Florida are occupied by residents in the 65 - 74 years age group (24%), followed by those in the 45 - 54 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Lake Park, Florida Renter-occupied housing units by family type**
Lake Park, Florida Renter-occupied housing units by the presence of own children**
A total of 1,157 apartments for rent in Lake Park, Florida, or 64% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 509 units. All in all, the median size of a renter-occupied household in Lake Park, Florida is 2.76.
Lake Park, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Lake Park, Florida.
Lake Park, Florida Renter-occupied units by year structure built**
The highest share of Lake Park, Florida apartment rentals, namely 21% or 387 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (21%, 381 units), and the ones Built 1980 - 1989 (18%, 320 units).
Lake Park, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Lake Park, Florida renters (57%) moved in 2010 to 2017, while only 2% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Lake Park, Florida condos for rent is 2016.
Lake Park, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Lake Park, Florida renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 17% have No vehicle available.
Lake Park, Florida Means of transportation to work of householders living in renter-occupied housing units**
Lake Park, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Lake Park, Florida Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lake Park, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
