Everything You Should Know Before Moving to Lake Placid, FL
Considering a move to Lake Placid, FL? This small town of 2,439 residents boasts affordable living, with median home prices around $175,000 and average rent at just $925. Enjoy a mild, sunny climate (70% sunny days), short 21-minute commutes, and access to local healthcare options. Crime rates are moderate, and schools serve the community well, making Lake Placid a friendly and budget-conscious choice for families and retirees alike.
Demographics - Lake Placid, FL
Demographics - Lake Placid, FL
Lake Placid is a close-knit community of 2,439 residents, characterized by a median age of nearly 45 and a balanced gender ratio. The town has a diverse ethnic makeup, with over 23% of residents speaking a language other than English at home, reflecting a vibrant multicultural atmosphere.
Population:
2,439
Density:
1,200 per sq mi
Median Age:
44.8
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
23.5%
Ethnic Composition
White:
60.8%
Black:
17.2%
Asian:
1.3%
Others:
20.7%
Cost Of Living
What is the average cost of living in Lake Placid, FL?
Living in Lake Placid is budget-friendly, with a cost of living index well below the national average and median home values at $175,000. Residents benefit from affordable housing, modest utility costs, and low state taxes, making it an attractive option for those seeking economic value.
Median House Value:
$175,000
Gross Rent:
$925
Monthly Electricity Charges:
$130
Auto Insurance:
$2,400
House Owner Cost With Mortgage:
$1,210
House Owner Cost Without Mortgage:
$380
State Taxes:
Low:
0%
|
High:
5.5%
Cost Of Living Index:
85.2
Grocery:
94.8
Housing:
71.7
Utilities:
96.1
Transportation:
86.9
Health Care:
97.4
Miscellaneous:
92.2
Crime
Is Lake Placid, FL a safe place to live?
Lake Placid experiences moderate crime rates, with a chance of property crime at 1 in 45 and violent crime at 1 in 339. While safety is generally good, it's wise for residents to remain mindful of property security.
Violent Crimes Per 100k:
295
Property Crimes Per 100k:
2,210
Crime Index:
2,505
Chance Of Violent Crime:
1 in 339
Chance Of Property Crime:
1 in 45
Weather
What is the weather like in Lake Placid, FL year-round?
Lake Placid enjoys a warm, sunny climate, averaging 70% sunny days each year and mild winters with lows around 50°F. The area receives about 50 inches of rainfall annually, making it appealing for those who appreciate plenty of sunshine and a comfortable year-round temperature range.
Winter
Min:
50°F
Max:
74°F
Spring
Min:
59°F
Max:
84°F
Summer
Min:
71°F
Max:
92°F
Fall
Min:
62°F
Max:
86°F
Average Rainfall Inches:
50.5 inches
Sunny Days Percentage:
70%
Neighbors
Local households earn a median income of about $42,900, with nearly a quarter of residents living below the poverty line. The community is predominantly owner-occupied, and the average commute time is just under 21 minutes, offering a relaxed pace of life.
Median Income:
$29,800
Household Income:
$42,900
Family Income:
$52,400
Per Capita Income:
$20,900
Income Male:
$35,000
Income Female:
$25,700
Poverty Rate:
22.1%
Non English Speakers:
23.5%
Rent:
$925
Unemployment Rate:
5.8%
Public Transport Usage:
0.7%
Commute Time:
20.8 minutes
Education
High School or Higher:
70.6%
Bachelors or More:
15.5%
Education
How are the schools in Lake Placid, FL?
Lake Placid offers quality educational options, including public schools with favorable student-teacher ratios and a private Christian school. Higher education is available within a short drive at South Florida State College, providing residents with a range of learning opportunities.
Public Schools
Name:
Lake Placid Middle School
Street:
201 Green Dragon Dr
Phone:
863-699-5030
Students:
600
Student Teacher Ratio:
17.5
Name:
Lake Placid High School
Street:
202 Green Dragon Dr
Phone:
863-699-5010
Students:
800
Student Teacher Ratio:
18.3
Private Schools
Name:
Lakeview Christian School
Street:
502 Kent Ave
Phone:
863-465-0313
Students:
120
Colleges
Name:
South Florida State College
City:
Avon Park
State:
FL
Distance:
15 miles
Students:
2,800
Healthcare
Lake Placid residents have access to general and surgical care at AdventHealth Lake Placid and additional services in nearby Sebring. With 1.5 physicians per 1,000 people and over 84% health insurance coverage, healthcare resources are accessible for most residents.
Major Hospitals
Name:
AdventHealth Lake Placid
Address:
125 Tomoka Blvd S, Lake Placid, FL 33852
Phone:
(863) 465-3777
Type:
General & Surgical
Emergency Services:
Yes
Name:
Highlands Regional Medical Center
Address:
3600 S Highlands Ave, Sebring, FL 33870
Phone:
(863) 385-6101
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.5
Health Insurance Coverage:
84.2%
Health Care Index:
68.7
Housing Market
What is the housing market like in Lake Placid, FL?
The housing market in Lake Placid is affordable, with a median home price of $175,000 and a strong owner-occupancy rate of over 72%. Home values have appreciated by 6.7% in the past year, signaling steady growth and good opportunities for buyers.
Median Home Price:
$175,000
Average Rent For 2 Bedroom:
$925
Owner Occupied Rate:
72.3%
Rental Vacancy Rate:
9.2%
Home Appreciation Rate (1yr):
6.7%
New Construction Rate:
2.2%
Foreclosure Rate:
0.6%
DMV Information
Lake Placid residents are served by the Florida Department of Highway Safety and Motor Vehicles, conveniently located in nearby Sebring. Services such as licensing and vehicle registration are easily accessible both in person and online.
State:
Florida
Department:
Florida Department of Highway Safety and Motor Vehicles
Address:
2501 US Highway 27 S, Sebring, FL 33870
Phone:
863-402-6835
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.