What percentage of people rent in Lake Park, FL?
53.5% (±8.5 points) of the occupied homes in Lake Park, FL are rented (2020–2024 American Community Survey).
That is 1,599 renting households against 1,391 that own their home.
In Lake Park, the share of households that rent went from 46.1% in 2015–2019 to 53.5% in 2020–2024 (+7.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 53.5% (±8.5 points)
- Renting households
- 1,599 (±287)
- Median renter income
- $48,012 (±$8,720)
Who rents and who owns in Lake Park
| Lake Park | Palm Beach County | Florida | United States | |
|---|---|---|---|---|
| Renter-occupied share | 53.5% (±8.5 points) | 29.9% (±0.5 points) | 32.4% (±0.2 points) | 34.8% |
| Renting households | 1,599 (±287) | 181,166 (±2,990) | 2,834,163 (±17,461) | 45,017,354 |
| Owning households | 1,391 (±422) | 424,264 (±3,713) | 5,918,647 (±31,594) | 84,210,142 |
| Average renter household size | 3.2 (±0.8) | 2.5 (±0.0) | 2.5 (±0.0) | 2.3 |
| Average owner household size | 2.7 (±0.5) | 2.5 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $48,012 (±$8,720) | $60,689 (±$1,327) | $53,617 (±$353) | $52,966 |
| Median owner household income | $87,260 (±$25,864) | $97,651 (±$1,709) | $88,144 (±$469) | $100,009 |
In Lake Park, the renter share is higher than in Palm Beach County (29.9%).
It is also higher than in Florida (32.4%).
It is higher than the national figure (34.8%).
In Palm Beach County, Lake Park ranks 8 of 54 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 72 of 857.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lake Park has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 46.1% (±5.8 points) | 53.5% (±8.5 points) | +7.4 percentage points | Not a measurable change |
| Median gross rent | $1,140 (±$60) | $1,600 (±$225) | +40.4% | No measurable change after inflation |
| Median household income | $61,705 (±$8,381) | $70,954 (±$10,471) | +15.0% | 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 Park
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lake Park | — | 53.5% (±8.5 points) | — |
| Riviera Beach | 1.4 mi | 37.8% (±3.7 points) | Lower |
| North Palm Beach | 1.5 mi | 25.5% (±3.7 points) | Lower |
| Palm Beach Shores | 2.6 mi | 39.1% (±10.6 points) | Lower |
| Mangonia Park | 2.9 mi | 68.2% (±10.1 points) | Higher |
| Juno Ridge | 3.4 mi | 58.0% (±22.6 points) | Not measurably different |
| Cabana Colony | 4.0 mi | 35.5% (±13.6 points) | Lower |
| Juno Beach | 5.2 mi | 31.4% (±10.4 points) | Lower |
| West Palm Beach | 5.3 mi | 49.5% (±2.0 points) | Not measurably different |
Nearby places with a measurably lower figure: Riviera Beach, FL (37.8%), North Palm Beach, FL (25.5%), Palm Beach Shores, FL (39.1%).
Nearby places with a measurably higher figure: Mangonia Park, FL (68.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Palm Beach County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 2 | Westgate | 63.5% (±8.7 points) |
| 3 | Limestone Creek | 61.3% (±26.3 points) |
| 4 | Juno Ridge | 58.0% (±22.6 points) |
| 5 | Belle Glade | 57.4% (±5.9 points) |
| 6 | Pine Air | 56.8% (±14.7 points) |
| 7 | Lake Worth Beach | 54.1% (±3.4 points) |
| 8 | Lake Park | 53.5% (±8.5 points) |
| 9 | Palm Springs | 51.7% (±4.6 points) |
| 10 | West Palm Beach | 49.5% (±2.0 points) |
| 11 | Lantana | 47.1% (±6.5 points) |
| 12 | Kenwood Estates | 42.5% (±21.2 points) |
| 13 | Plantation Mobile Home Park | 42.2% (±28.6 points) |
| 14 | Gun Club Estates | 41.6% (±38.3 points) |
Showing 13 of 54 places in Palm Beach 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.
What you can do on Seayora in Lake Park
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Questions about Lake Park
How many renters are there in Lake Park?
Lake Park has an estimated 1,599 (±287) renting households, 53.5% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lake Park?
In Lake Park, the share of households that rent went from 46.1% in 2015–2019 to 53.5% in 2020–2024 (+7.4 percentage points), not a measurable change.
How big are renting households in Lake Park?
A renting household in Lake Park has 3.2 people on average, against 2.7 in an owned home.
How much do renters earn in Lake Park?
The median renting household in Lake Park, FL has an income of $48,012 (±$8,720) a year, against $87,260 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Park town, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Park town, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake Park town, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Park town, Florida
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Park 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 Park town, Florida (place:38600, 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.
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.
Figures last updated on .
Related
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- Median rent in Lake Park
- Rent by bedrooms in Lake Park
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- Income and affordability in Lake Park
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- Property taxes in Lake Park
- Types of homes in Lake Park
- Bedrooms in Lake Park
- Age of homes in Lake Park
- Vacancy rate in Lake Park
- Heating fuel in Lake Park
- Commute and cars in Lake Park
- Population growth in Lake Park
- How long people stay in Lake Park
- Crowding and facilities in Lake Park
- Fair Market Rent in Lake Park
- Florida landlord and tenant rules
- Housing across Palm Beach County
- Florida places ranked by share of renters
- Housing data for every place in Florida