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City · 16,860 residents · Seminole County, Florida

Lake Mary , Florida

In Lake Mary, a typical home is worth $494,900 and typical rent is $2,120 a month. Compared with all of Seminole County, the typical home value is 28% higher and typical household income is 27% higher.

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  • Typical home value

    $494,900

    28% above the county

    38% above Florida

    • Lake Mary
    • Seminole
    • Florida

  • Typical rent

    $2,120a month

    19% above the county

    27% above Florida

    • Lake Mary
    • Seminole
    • Florida

  • Typical household income

    $109,173a year

    27% above the county

    46% above Florida

    • Lake Mary
    • Seminole
    • Florida

  • Households that own their home

    63%

    3 points below the county

    5 points below Florida

    • Lake Mary
    • Seminole
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$466,012
about the same as 12 months ago
Typical rent
$1,942 a month
2.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lake Mary is in Seminole County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Seminole County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lake Mary apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Casselberry, the typical home value is $299,200: 40% less than in Lake Mary ($494,900).

  2. Nearby, in Sanford, the typical rent is $1,609: 24% less than in Lake Mary ($2,120).

  3. The typical home in Lake Mary is worth $494,900, 28% more than in Seminole County as a whole ($386,900).

  4. The typical household income in Lake Mary is $109,173, 27% more than in Seminole County as a whole ($85,761).

  5. The typical rent in Lake Mary is $2,120 a month, 19% more than in Seminole County as a whole ($1,783).

  6. Lake Mary has the 42nd smallest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people (48%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lake Mary

What homes there are in Lake Mary, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Lake Mary (56%), but less so than in Seminole County (61%).

Year built

The typical home in Lake Mary was built in 1997, 9 years after the typical one in Seminole County.

In Lake Mary, 65% of homes have 3 bedrooms or more, about the same as in Seminole County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,469 a month

Seminole County: $2,020 a month

Without a mortgage

$772 a month

Seminole County: $681 a month

Owners with a mortgage

63%

Seminole County: 66%

Owning costs more in Lake Mary: with a mortgage, the typical cost is $2,469 a month; in Seminole County, $2,020. Without one, $772.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Lake Mary rose 55% since 2015–2019, less than in Seminole County (60%).

The typical rent in Lake Mary rose 30% over the same time; in Seminole County, it rose 44%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLake MarySeminole CountyFloridaUnited States
Rental vacancy Unreliable estimate7.2%7.6%5.5%
Homeowner vacancy Unreliable estimate0.9%1.4%0.9%
More than one person per room Unreliable estimate2.4%3.3%3.4%
People per household 2.402.552.512.53
Drive alone 63%68%70%69%
Carpool 7%7%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 27%22%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Lake Mary are smaller: 2.40 people on average; in Seminole County, 2.55.

Working from home is more common in Lake Mary: 27%, against 22% in Seminole County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lake Mary?

A typical home costs more than the typical income allows

We start with a typical home in Lake Mary, worth $494,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Lake Mary, which is $109,173 a year. For that payment to be 28% of income, a household would need to earn about $171,849 a year.

The calculator's FHA and conventional loan limits are those of all of Seminole County.

Your numbers

Local data
$

Starts at the typical home value in Lake Mary. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $17,322 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,010

at 7.18% · 30 years

Loan amount
$485,936
Total interest
$699,147
Paid off in
November 2056

Includes $8,358 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,547 a month

  • Tight

    $2,547 to $3,275 a month

  • Hard

    more than $3,275 a month

    Your payment · 44%

Compared with the typical household income in Lake Mary ($109,173 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,010
Principal & interest$3,292
Property tax$293
Home insurance$206
FHA mortgage insurance (MIP)$219

You need at least $17,322 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lake Mary and Seminole County

Lake Mary is in Seminole County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lake Mary's own numbers

Typical home value
$494,900
Typical monthly rent
$2,120
Typical yearly household income
$109,173
Households that own their home
63%
Effective property tax rate
0.71%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Seminole County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,959
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
2.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Seminole County.

Everything about Seminole County

Buying

Buying a home in Lake Mary

A typical home in Lake Mary is worth $494,900: 28% above the county and 38% above Florida. With the typical household income in Lake Mary ($109,173 a year), a typical home costs 4.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lake Mary 4.5 years
  • Seminole 4.5 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Seminole County

According to FHFA’s house price index, home prices in Seminole County rose 124% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Seminole County.

Period County Florida U.S.
Last year (2025) +0.0% −0.5% +2.9%
5 years (2020–2025) +55% +60% +47%
10 years (2015–2025) +124% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lake Mary next to Seminole County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lake Mary $494,900
  • Seminole $386,900
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Lake Mary $2,120
  • Seminole $1,783
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Lake Mary $109,173
  • Seminole $85,761
  • Florida $74,568
  • United States $80,734
See the full table
Lake Mary next to Seminole County and Florida
Measure Lake Mary Seminole County Florida U.S.
Typical home value $494,900 $386,900 $359,000 $332,700
Typical monthly rent $2,120 $1,783 $1,669 $1,413
Typical yearly household income $109,173 $85,761 $74,568 $80,734
Households that own their home 63% 66% 68% 65%
Typical yearly property tax $3,521 $2,599 $2,730 $3,119
Effective property tax rate 0.71% 0.67% 0.76% 0.94%
Renters with high rent for their income 48% 59% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Seminole County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lake Mary

For a typical $494,900 home in Lake Mary, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lake Mary's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,010a month

    Least cash to close
    Down payment
    $17,322
    Cash to close
    $32,169
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $219

  • Conventional, 5% down $3,919a month

    Down payment
    $24,745
    Cash to close
    $39,592
    Rate
    7.18%
    Mortgage insurance
    PMI · $235

  • Conventional, 20% down, no PMI $3,181a month

    Down payment
    $98,980
    Cash to close
    $113,827
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,639a month

    Down payment
    $74,235
    Cash to close
    $89,082
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lake Mary and for Seminole County.

Property tax

Effective rate in Lake Mary

0.71%of the home’s value each year

$3,521 a year for the typical owner in Lake Mary.

  • Lake Mary 0.71%
  • Seminole 0.67%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Seminole County

FEMA does not publish these numbers by city: they are for all of Seminole County.

Homes in the high-risk zone
2.8%
4,324
Of those, with NFIP insurance
47%
County Florida U.S.
Homes in the high-risk zone 2.8% 13% 3.5%
Of those, with NFIP insurance 47% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lake Mary

Typical rent in Lake Mary is $2,120 a month: 19% above the county. In Lake Mary, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Seminole County, by unit size. To pay the 2-bedroom one ($1,959 a month) without spending more than 30% of your income, you would need to earn $37.67 an hour working full time.

HUD fair market rent for all of Seminole County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,658 $31.88 $66,320
1 bedroom $1,726 $33.19 $69,040
2 bedrooms $1,959 $37.67 $78,360
3 bedrooms $2,445 $47.02 $97,800
4 bedrooms $2,856 $54.92 $114,240

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lake Mary

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lake Mary is in ZIP code 32746.

For 2 bedrooms it is $2,280: $321 more than the fair market rent for Seminole County ($1,959).

  • 32746 $2,280$2,850

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lake Mary when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Lake Mary

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Seminole County; 2 say they serve in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Lake Mary

No down payment, repair or rent-help program on our list is for Lake Mary or Seminole County. The ones below are statewide in Florida: they work in Lake Mary the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Lake Mary

The HUD-approved agencies closest to the center of Lake Mary, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Legal Services of Mid-Florida, Inc. - Sanford Office

    1600 Lexington Green Ln, Sanford · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (386) 255-6573

  • Habitat for Humanity Seminole County Apopka

    251 Maitland Ave Ste 312, Altamonte Springs · 8 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 8 more
    (407) 696-5855

  • H.e.l.p. Community Development Corp.

    63 E Kennedy Blvd, Eatonville · 11 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (407) 628-4832

Every agency in Seminole County All counseling agencies in Florida

Help in Spanish near Lake Mary

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lake Mary

HUD’s record names them for Lake Mary or Seminole County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Seminole County Housing Authority Public housing and Section 8 vouchers (407) 365-3621

One other authority has an office in Seminole County: see the list Source: HUD

Cities

Other cities in Seminole County

These cities are also in Seminole County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Seminole County Housing in Florida

Nearby cities

The cities closest to Lake Mary, with the typical home value.

Neighboring counties

If Seminole County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lake Mary.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Lake Mary

Short answers with the numbers for Lake Mary and all of Seminole County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lake Mary?

The typical home value in Lake Mary is $494,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Seminole County it is $386,900.

How much does it cost to rent in Lake Mary?

Typical rent in Lake Mary is $2,120 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Seminole County is $1,959.

What is the FHA loan limit in Lake Mary?

Lake Mary uses the FHA limit for all of Seminole County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Lake Mary?

The typical homeowner in Lake Mary pays $3,521 a year, according to the U.S. Census Bureau. That is 0.71% of the home’s value; in Seminole County, the rate is 0.67%.

Where can I find free help to buy or rent in Lake Mary?

There are 2 HUD-approved counseling agencies with an office in Seminole County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).