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Lake City city, FL

ZIP 32024 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32024

Median Home Value
$201,700
Median Rent
$789
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,296/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32024 in Lake City city, FL, a household would need roughly $56,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,296. That is roughly in line with the local median household income ($62,066). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
85.3%+31% vs US avg
x
Vacancy Rate
7.4%-29% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
3.2%-54% vs US avg
x
Rent Burden >30%
25.5%-49% vs US avg
x
Mortgage-Free
46.9%+23% vs US avg
x
$201,700
Home Value
$789
Rent
1996
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached60.8%
  • 1-unit attached0.2%
  • 2-9 units0.4%
  • 10+ units0.0%
  • Mobile home & other38.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$201,700
Median rent$789
Owner-occupied85.3%
Vacant7.4%
Price-to-income3.2x
Est. income to buy$56,000