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Featured local agent — Lake City, FL
Sarah Mitchell
Compass Real Estate · Lake City, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake City, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$188,500median sale price
How is the Lake City, FL housing market right now?
The median home sale price in Lake City, FL is $188,500, down 29.9% year-over-year. Homes sell in an average of 74 days with 58 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake City a buyer's or seller's market?
Lake City, FL is currently a buyer's market, based on 29.0 months of supply and homes selling in about 74 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
74
Average pace
Active listings
58
29.0 months supply
Sale-to-list
99.1%
Below asking
What does the Lake City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $188,500 |
| Median list price | $282,000 |
| Year-over-year price change | -29.9% |
| Average days on market | 74 days |
| Active inventory | 58 listings |
| Months of supply | 29.0 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $143/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 8 |
| Listings with a price cut | 24.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake City by property type?
How the Lake City, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $188,500 | $143/sq ft | 2 | 74 days |
Source: Redfin · Updated monthly
The Lake City housing market is currently classified as a buyer's market with a median sale price of $188,500. Prices have fallen 29.9% compared to last year, with homes spending an average of 74 days on market, indicating 29.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake City
There are currently 58 homes listed for sale in Lake City, Florida. The median listing price is $282K.
Active listings
58
Homes on market
Median list price
$282K
Avg. days on market
74
Days until sale
New this week
8
Newly listed
Who lives in Lake City?
Population
12,404
Median income
$51,175/yr
Median age
38.2 years
Owner-occupied
39.8%
College grads
25.4%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake City?
Zillow home value
$264,181
Zillow rent index
$1,497/mo
Price-to-rent ratio
14.7x
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Lake City?
Lake City is a community of approximately 12K residents with a median age of 38.2 years.The median household income is $51,175, which represents a working-class community with solid middle-income opportunities. 25.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 39.8%, showing a blend of owner and renter-occupied properties. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake City?
17 schools tracked · 8,022 students
The largest public schools serving Lake City, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
COLUMBIA HIGH SCHOOL
Grades 9-12 · 1,727 students
LAKE CITY MIDDLE SCHOOL
Grades 7-8 · 941 students
BELMONT ACADEMY
Grades PK-12 · 823 students
WESTSIDE ELEMENTARY SCHOOL
Grades PK-5 · 714 students
EASTSIDE ELEMENTARY SCHOOL
Grades PK-5 · 664 students
COLUMBIA CITY ELEMENTARY SCHOOL
Grades PK-5 · 586 students
SUMMERS ELEMENTARY SCHOOL
Grades PK-5 · 531 students
PINEMOUNT ELEMENTARY SCHOOL
Grades PK-5 · 471 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake City, FL?
Want a head-to-head view? Compare Lake City side-by-side with any other U.S. city using our market-comparison tool.
Is Lake City a good real estate investment market?
For investors evaluating Lake City, the price-to-rent ratio of 14.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 29.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lake City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake City's median home price.
Frequently asked questions
What is the average home price in Lake City?
The median home sale price in Lake City is $188,500, down 29.9% from last year.
How long do homes stay on market in Lake City?
Homes typically spend 74 days on market before going under contract.
What is the median income in Lake City?
The median household income is $51,175 per year.
Is Lake City a buyer's or seller's market?
With 29.0 months of supply, Lake City is currently a buyer's market.
What is the Zillow home value estimate for Lake City?
The Zillow Home Value Index (ZHVI) for Lake City is $264,181, representing the typical home value in the area.
How much does a single-family home cost in Lake City?
The median single-family home price in Lake City, FL is $188,500 (about $143 per square foot).
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