What percentage of people rent in Lake Magdalene, FL?

Name: Renters and owners in Lake Magdalene, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

27.7% (±2.9 points) of the occupied homes in Lake Magdalene, FL are rented (2020–2024 American Community Survey).

That is 3,624 renting households against 9,459 that own their home.

In Lake Magdalene, the share of households that rent went from 29.4% in 2015–2019 to 27.7% in 2020–2024 (−1.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 27.7% (±2.9 points)
Renting households: 3,624 (±451)
Median renter income: $50,321 (±$8,684)

Who rents and who owns in Lake Magdalene

Tenure, estimate (90% margin of error)
	Lake Magdalene	Hillsborough County	Florida	United States
Renter-occupied share	27.7% (±2.9 points)	38.5% (±0.6 points)	32.4% (±0.2 points)	34.8%
Renting households	3,624 (±451)	224,630 (±3,604)	2,834,163 (±17,461)	45,017,354
Owning households	9,459 (±492)	358,562 (±3,834)	5,918,647 (±31,594)	84,210,142
Average renter household size	2.1 (±0.3)	2.4 (±0.0)	2.5 (±0.0)	2.3
Average owner household size	2.5 (±0.1)	2.7 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$50,321 (±$8,684)	$55,100 (±$1,440)	$53,617 (±$353)	$52,966
Median owner household income	$93,576 (±$9,244)	$101,592 (±$1,236)	$88,144 (±$469)	$100,009

In Lake Magdalene, the renter share is lower than in Hillsborough County (38.5%).

It is also lower than in Florida (32.4%).

It is lower than the national figure (34.8%).

In Hillsborough County, Lake Magdalene ranks 19 of 33 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 413 of 857.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lake Magdalene has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	29.4% (±2.6 points)	27.7% (±2.9 points)	−1.7 percentage points	Not a measurable change
Median gross rent	$1,027 (±$53)	$1,434 (±$60)	+39.6%	Up after inflation
Median household income	$63,270 (±$3,926)	$75,594 (±$6,704)	+19.5%	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.

Households that rent in places near Lake Magdalene

Nearest places with a published estimate, compared with Lake Magdalene
Place	Distance	Households that rent	Compared with this place
Lake Magdalene	—	27.7% (±2.9 points)	—
Carrollwood	2.5 mi	31.5% (±3.4 points)	Not measurably different
Northdale	3.1 mi	27.2% (±3.3 points)	Not measurably different
University (Hillsborough County)	3.1 mi	87.1% (±2.0 points)	Higher
Lutz	4.6 mi	21.5% (±3.4 points)	Lower
Egypt Lake-Leto	4.6 mi	52.2% (±3.1 points)	Higher
Citrus Park	4.8 mi	33.6% (±5.3 points)	Not measurably different
Cheval	5.0 mi	40.6% (±3.8 points)	Higher
Temple Terrace	7.1 mi	49.6% (±4.0 points)	Higher

Nearby places with a measurably lower figure: Lutz, FL (21.5%).

Nearby places with a measurably higher figure: University (Hillsborough County), FL (87.1%), Egypt Lake-Leto, FL (52.2%), Cheval, FL (40.6%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Hillsborough County, place by place

Rank	Place	Households that rent
13	Progress Village	35.2% (±7.6 points)
14 (tie)	Citrus Park	33.6% (±5.3 points)
14 (tie)	Plant City	33.6% (±3.0 points)
16	Thonotosassa	33.1% (±3.8 points)
17	Carrollwood	31.5% (±3.4 points)
18	Gibsonton	30.4% (±5.0 points)
19	Lake Magdalene	27.7% (±2.9 points)
20	Northdale	27.2% (±3.3 points)
21	Ruskin	24.6% (±4.5 points)
22	Riverview	24.3% (±2.3 points)
23	Pebble Creek	23.8% (±6.1 points)
24	Balm	22.2% (±11.9 points)
25	Lutz	21.5% (±3.4 points)

Showing 13 of 33 places in Hillsborough County, ranked from highest to lowest.

Lake Magdalene is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

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 Magdalene

How many renters are there in Lake Magdalene?

Lake Magdalene has an estimated 3,624 (±451) renting households, 27.7% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lake Magdalene?

In Lake Magdalene, the share of households that rent went from 29.4% in 2015–2019 to 27.7% in 2020–2024 (−1.7 percentage points), not a measurable change.

How big are renting households in Lake Magdalene?

A renting household in Lake Magdalene has 2.1 people on average, against 2.5 in an owned home.

How much do renters earn in Lake Magdalene?

The median renting household in Lake Magdalene, FL has an income of $50,321 (±$8,684) a year, against $93,576 for households that own their home.

Sources

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 Magdalene CDP, Florida (place:38350, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.