How much do homeowners pay a month in Lake Hamilton, FL?
Homeowners with a mortgage in Lake Hamilton, FL pay a median of $1,695 (±$202) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $481 (±$137).
68.6% of owned homes carry a mortgage.
In Lake Hamilton, the median monthly cost with a mortgage went from $1,154 in 2015–2019 to $1,695 in 2020–2024 (+46.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- With a mortgage
- $1,695 (±$202)
- Without a mortgage
- $481 (±$137)
- Owned with a mortgage
- 68.6%
Monthly owner costs in Lake Hamilton
| Lake Hamilton | Polk County | Florida | United States | |
|---|---|---|---|---|
| With a mortgage | $1,695 (±$202) | $1,716 (±$21) | $1,959 (±$5) | $1,963 |
| Without a mortgage | $481 (±$137) | $545 (±$9) | $673 (±$3) | $638 |
| Owned homes with a mortgage | 68.6% (±13.1 points) | 55.9% (±0.9 points) | 56.3% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,968 (±$646) | $1,933 (±$35) | $2,730 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Lake Hamilton, the median cost with a mortgage is not measurably different from Polk County ($1,716).
It is also lower than in Florida ($1,959).
It is lower than the national figure ($1,963).
In Polk County, Lake Hamilton ranks 13 of 36 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 494 of 830.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Lake Hamilton have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,154 (±$135) | $1,695 (±$202) | +46.9% | Up after inflation |
| Median real estate taxes | $1,379 (±$200) | $1,968 (±$646) | +42.7% | No measurable change after inflation |
| Median home value | $164,700 (±$31,763) | $250,700 (±$61,689) | +52.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Lake Hamilton
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Lake Hamilton | — | $1,695 (±$202) | — |
| Dundee | 2.6 mi | $1,716 (±$270) | Not measurably different |
| Haines City | 4.4 mi | $2,008 (±$122) | Higher |
| Grenelefe | 4.8 mi | $1,212 (±$1,130) | Not measurably different |
| Cypress Gardens | 5.0 mi | $1,665 (±$119) | Not measurably different |
| Winter Haven | 6.5 mi | $1,673 (±$57) | Not measurably different |
| Davenport | 7.8 mi | $2,045 (±$151) | Higher |
| Lake Alfred | 8.2 mi | $1,810 (±$95) | Not measurably different |
| Inwood | 8.6 mi | $1,516 (±$204) | Not measurably different |
Nearby places with a measurably higher figure: Haines City, FL ($2,008), Davenport, FL ($2,045).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Polk County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 7 | Polk City | $1,830 (±$133) |
| 8 | Lake Alfred | $1,810 (±$95) |
| 9 | Auburndale | $1,797 (±$167) |
| 10 | Lakeland | $1,721 (±$57) |
| 11 | Dundee | $1,716 (±$270) |
| 12 | Medulla | $1,706 (±$190) |
| 13 | Lake Hamilton | $1,695 (±$202) |
| 14 | Winter Haven | $1,673 (±$57) |
| 15 | Cypress Gardens | $1,665 (±$119) |
| 16 | Fussels Corner | $1,654 (±$315) |
| 17 | Mulberry | $1,641 (±$309) |
| 18 | Eagle Lake | $1,626 (±$174) |
| 19 | Fuller Heights | $1,594 (±$99) |
Showing 13 of 36 places in Polk County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Hamilton
What is the average mortgage payment in Lake Hamilton?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Hamilton, FL is $1,695 (±$202) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Lake Hamilton?
Owners without a mortgage in Lake Hamilton pay a median of $481 (±$137) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Lake Hamilton gone up?
In Lake Hamilton, the median monthly cost with a mortgage went from $1,154 in 2015–2019 to $1,695 in 2020–2024 (+46.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Hamilton town, Florida
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake Hamilton town, Florida
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lake Hamilton town, Florida
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lake Hamilton town, Florida
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Hamilton town, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Hamilton town, Florida (place:37975, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Home values in Lake Hamilton
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- Population growth in Lake Hamilton
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- Florida landlord and tenant rules
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- Housing data for every place in Florida