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Featured local agent — Lake Placid, FL
Sarah Mitchell
Compass Real Estate · Lake Placid, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Placid, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$354,000median sale price
How is the Lake Placid, FL housing market right now?
The median home sale price in Lake Placid, FL is $354,000, down 9.8% year-over-year. Homes sell in an average of 233 days with 11 active listings. The market is currently a leaning buyer's. (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 Placid a buyer's or seller's market?
Lake Placid, FL is currently a leaning buyer's, based on 5.5 months of supply and homes selling in about 233 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
233
Average pace
Active listings
11
5.5 months supply
Sale-to-list
100.1%
Above asking
What does the Lake Placid housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $354,000 |
| Median list price | $1.70M |
| Year-over-year price change | -9.8% |
| Average days on market | 233 days |
| Active inventory | 11 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $156/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Listings with a price cut | 36.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lake Placid by property type?
How the Lake Placid, 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 | $548,000 | $198/sq ft | 1 | 158 days |
| Condo / Co-op | $160,000 | $114/sq ft | 1 | 308 days |
Source: Redfin · Updated monthly
The Lake Placid housing market is currently classified as a leaning buyer's with a median sale price of $354,000. Prices have fallen 9.8% compared to last year, with homes spending an average of 233 days on market, indicating 5.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake Placid
There are currently 11 homes listed for sale in Lake Placid, Florida. The median listing price is $1.7M.
Active listings
11
Homes on market
Median list price
$1.7M
Avg. days on market
233
Days until sale
New this week
2
Newly listed
Who lives in Lake Placid?
Population
2,438
Median income
$45,476/yr
Median age
41.1 years
Owner-occupied
52.1%
College grads
23.6%
Avg commute
31.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Placid?
Zillow home value
$240,714
Zillow rent index
$1,577/mo
Price-to-rent ratio
12.7x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Lake Placid?
Lake Placid is a community of approximately 2K residents with a median age of 41.1 years.The median household income is $45,476, which represents a working-class community with solid middle-income opportunities. 23.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 52.1%, showing a blend of owner and renter-occupied properties. The average commute time is 31.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Placid offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Placid?
4 schools tracked · 2,603 students
The largest public schools serving Lake Placid, 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.
LAKE PLACID HIGH SCHOOL
Grades 9-12 · 829 students
LAKE COUNTRY ELEMENTARY SCHOOL
Grades PK-5 · 628 students
LAKE PLACID MIDDLE SCHOOL
Grades 6-8 · 598 students
LAKE PLACID ELEMENTARY SCHOOL
Grades PK-5 · 548 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 Placid, FL?
Want a head-to-head view? Compare Lake Placid side-by-side with any other U.S. city using our market-comparison tool.
Is Lake Placid a good real estate investment market?
For investors evaluating Lake Placid, the price-to-rent ratio of 12.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 9.8% 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 Placid's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Placid's median home price.
Frequently asked questions
What is the average home price in Lake Placid?
The median home sale price in Lake Placid is $354,000, down 9.8% from last year.
How long do homes stay on market in Lake Placid?
Homes typically spend 233 days on market before going under contract.
What is the median income in Lake Placid?
The median household income is $45,476 per year.
Is Lake Placid a buyer's or seller's market?
With 5.5 months of supply, Lake Placid is currently a leaning buyer's.
What is the Zillow home value estimate for Lake Placid?
The Zillow Home Value Index (ZHVI) for Lake Placid is $240,714, representing the typical home value in the area.
What is the median condo price in Lake Placid?
The median condo/co-op sale price in Lake Placid, FL is $160,000, compared to $548,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Placid?
The median single-family home price in Lake Placid, FL is $548,000 (about $198 per square foot).
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