Lake Mary, FL housing market
The typical Lake Mary home is worth about $466,000, about the same as a year ago, 24% above the Florida typical home. Homes typically sell in 65 days, below asking.
Home values, sales, trends and how Lake Mary compares with the towns next door — updated as new data is published.
Lake Mary at a glance
A seller's market
Supply is tight — about 2.2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Lake Mary | Florida |
|---|---|---|
| 2017 | $273,000 | $209,000 |
| 2018 | $291,000 | $226,000 |
| 2019 | $308,000 | $242,000 |
| 2020 | $324,000 | $253,000 |
| 2021 | $348,000 | $276,000 |
| 2022 | $406,000 | $340,000 |
| 2023 | $465,000 | $392,000 |
| 2024 | $482,000 | $402,000 |
| 2025 | $483,000 | $397,000 |
| 2026 | $465,000 | $377,000 |
| August 2026 | $466,000 | $376,000 |
23 new homes permitted in 2025
Builders were permitted 23 new homes in Lake Mary in 2025, all single-family houses, worth about $11.6 million to build. That's 1.4 per 1,000 residents, slower than across Florida (8.3). Over the past 10 years, Lake Mary has permitted 721 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lake Mary gained 2,976 residents while 1,368 new homes were permitted: about 2.2 new residents per new home. Building and growth moved roughly in step. Across Florida: 2.8 new residents per new home.
How Lake Mary ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $608,000 |
| 2025 | 23 | 23 | 0 | $11.6 million |
| 2024 | 29 | 3 | 26 | $7.1 million |
| 2023 | 28 | 8 | 20 | $9.9 million |
| 2022 | 5 | 5 | 0 | $3.3 million |
| 2021 | 29 | 29 | 0 | $10.4 million |
| 2020 | 40 | 26 | 14 | $8.3 million |
| 2019 | 52 | 42 | 10 | $12.5 million |
| 2018 | 92 | 72 | 20 | $24.9 million |
| 2017 | 336 | 72 | 264 | $43.8 million |
| 2016 | 87 | 71 | 16 | $18 million |
| 2015 | 30 | 20 | 10 | $6.6 million |
| 2014 | 25 | 25 | 0 | $6.6 million |
| 2013 | 395 | 26 | 369 | $36.2 million |
| 2012 | 70 | 70 | 0 | $12.4 million |
| 2011 | 242 | 2 | 240 | $16.3 million |
| 2010 | 39 | 6 | 33 | $8 million |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 36 | 36 | 0 | $6.3 million |
| 2007 | 73 | 73 | 0 | $12.1 million |
| 2006 | 214 | 214 | 0 | $33.3 million |
| 2005 | 101 | 101 | 0 | $14.7 million |
| 2004 | 285 | 285 | 0 | $35.5 million |
| 2003 | 303 | 303 | 0 | $37.6 million |
| 2002 | 276 | 276 | 0 | $34.3 million |
| 2001 | 253 | 253 | 0 | $31.4 million |
| 2000 | 244 | 244 | 0 | $30.2 million |
How Lake Mary ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Lake Mary and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lake Mary | $466K | −0.2% | $2,280 | 23 | $109,173 |
| Heathrow | — | −1.1%† | $2,280 | — | $126,250 |
| Sanford | $340K | −2% | $1,820 | 598 | $66,891 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical Lake Mary home costs about 4.3 years of the town's median household income, less than across Florida (5 years).
How Lake Mary ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,280
HUD's Fair Market Rent for a two-bedroom in Lake Mary is $2,280 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lake Mary pay a median of $2,120. A two-bedroom takes about 25% of the town's median household income.
Studio $1,910 · 4 bedrooms $3,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32746; Orlando-Kissimmee-Sanford, FL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Lake Mary
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.