Market Overview
Home Prices in Lake Placid, FL
The median home value in Lake Placid, FL is $240,817 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Placid are priced41% below average. Lake Placid is part of the Sebring-Avon Park, FL metro area.
Over the past five years, Lake Placid home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
Lake Placid Home Price Trend
City Comparison
Lake Placid vs. National Median
At $240,817, homes in Lake Placid cost 41% below the national median of $410,000. This makes Lake Placid a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lake Placid?
20% Down Payment
$48,163
on $240,817
Monthly P&I
$1,256/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,595/mo
incl. taxes & insurance
Income Needed
$63,800
gross annual (30% rule)
10% Down Option
$24,082
+ PMI applies
Loan Amount (20% dn)
$192,654
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lake Placid, FL?
The median home value in Lake Placid is $240,817 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in Lake Placid?
Over the past year, home values in Lake Placid have decreased by 2.1%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in Lake Placid?
To comfortably afford the median home price of $240,817 with a 20% down payment ($48,163) at today's rates (6.8%), you'd need a gross annual income of approximately $63,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Placid compare to the national average home price?
The national median home value is approximately $410,000. At $240,817, homes in Lake Placid are 41% below the national average.
What metro area is Lake Placid part of?
Lake Placid is part of the Sebring-Avon Park, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.