Lake County, Florida: commercial real estate data.
Lake County, Florida has a population of 412,924 across 938 square miles, up 15.7 percent since the 2020 census base. County output reached $17.95 bn in 2024, 8,849 establishments operate here, and the SBA record carries 378 7(a) approvals worth $208.1 m.
129 sourced county values · tier FULL · 12 sections
Lake County
How many people live in Lake County
- Population412,924
- Households164,497
- Average household size2.51
- Median household income$73,161
- Median age46.5
- Median gross rent$1,586 per month
- Median owner-occupied home value$318,400
- Home value to household income4.4 times
- Annual rent as a share of median income26.0 percent
- Adults 25 and over with a bachelor degree or higher27.9 percent
- Adults 25 and over with a graduate degree9.8 percent
- Adults 25 and over307,619
- Population under 1878,465
- Share under 1819.0 percent
- Population 65 and over109,863
- Share 65 and over26.6 percent
- Working age population, 18 to 64224,596
- Civilian labor force184,692
- Unemployment rate5.0 percent
- Labor force participation, adults 18 and over55.2 percent
- Rank by population among Florida counties17th of 67
- Rank by population among US county-equivalents179th
Lake County is the 17th largest of 67 Florida counties by population. A median home costs 4.4 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 26.6 percent against 19.0 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lake County
Is Lake County growing
- Population change since the 2020 census base15.69 percent
- Census 2020 base population383,964
- Births, 20243,749
- Deaths, 20245,079
- Natural change, 2024-1,330
- Net domestic migration, 202415,627
- Net international migration, 20243,069
- Total net migration, 202418,696
- Cumulative net domestic migration, 2021 to 202456,641
- Rank by growth among US county-equivalents48th
The county has grown 15.69 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Lake County
Where people moving to Lake County come from
- Tax returns filed by households arriving18,532
- People arriving, from those returns33,815
- Adjusted gross income arriving$1.35 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$73,054
- Largest single originLake County Non-migrants (146,318 households)
- Largest single destination (146,318 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Lake County Non-migrants | 146,318 | 284,994 | $11.08 bn |
| Other flows - Different State | 4,251 | 7,878 | $360.9 m |
| Orange County | 4,136 | 7,825 | $275.4 m |
| Other flows - South | 1,682 | 3,203 | $137.0 m |
| Other flows - Midwest | 1,210 | 2,187 | $106.7 m |
| Seminole County | 893 | 1,542 | $61.7 m |
| Other flows - Northeast | 819 | 1,440 | $72.6 m |
| Osceola County | 793 | 1,443 | $43.3 m |
The largest single source of arrivals is Lake County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Lake County
What the Lake County economy runs on
- County GDP, 2024$17.95 bn
- County GDP, 2023$16.45 bn
- GDP change, 2023 to 20249.1 percent
- GDP change over five years57.6 percent
- Rank by GDP among Florida counties23rd
- Rank by GDP among US county-equivalents285th
- GDP per resident$43,468
Output grew 9.1 percent in the latest year and 57.6 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Lake County
Who employs people in Lake County
- Covered employment, annual average117,354
- Establishments reporting10,822
- Average annual pay$53,106
- Average weekly wage$1,021
- Sector 62, employment20,903
- Sector 62, average annual pay$58,849
- Sector 44-45, employment19,223
- Sector 44-45, average annual pay$39,135
- Sector 72, employment12,949
- Sector 72, average annual pay$27,019
- Sector 23, employment12,225
- Sector 23, average annual pay$72,902
- Sector 56, employment7,242
- Sector 31-33, employment4,864
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 20,903 | 1,388 | $58,849 |
| Sector 44-45 | 19,223 | 1,251 | $39,135 |
| Sector 72 | 12,949 | 781 | $27,019 |
| Sector 23 | 12,225 | 1,454 | $72,902 |
| Sector 56 | 7,242 | 881 | $47,925 |
| Sector 31-33 | 4,864 | 299 | $63,057 |
| Sector 54 | 4,590 | 1,197 | $89,949 |
| Sector 48-49 | 4,252 | 281 | $51,030 |
The largest sector is the biggest private employer group at 20,903 jobs, 17.8 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Lake County
What businesses operate in Lake County
- Establishments, all industries8,849
- Employment at those establishments96,577
- Annual payroll$4.33 bn
- Establishments per 1,000 residents21.4
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Lake County
What is being built in Lake County
- Housing units authorised by permit, 20244,990
- Declared construction value permitted$1.35 bn
- Single family units authorised4,147
- Multifamily units authorised843
- Multifamily share of units16.9 percent
- Average declared value per unit$269,630
- Units authorised per 1,000 households30.3
Multifamily is 16.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Lake County
How much SBA lending happens in Lake County
- 7(a) approvals recorded378
- 7(a) gross approval dollars$208.1 m
- Average 7(a) approval$550,474
- Median 7(a) approval$250,000
- 10th percentile approval$39,000
- 90th percentile approval$1,302,200
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)4,269
- Jobs per approval11.3
- Distinct 7(a) lenders active84
- Distinct industries receiving approvals148
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer16.7 percent
- Loans on real estate terms63
- Loans on working capital terms, 120 months or shorter285
- Franchise loans70
- Franchise share of approvals18.5 percent
- Leading industry by approval countFitness and Recreational Sports Centers (16)
- Most active lenderTD Bank, National Association (29)
- 504 approvals recorded141
- 504 gross approval dollars$111.6 m
- Average 504 approval$791,787
- Median 504 approval$529,000
- Distinct CDCs active5
- 504 jobs per approval8.1
- 504 jobs per million dollars approved10.2
- Most active CDCFlorida First Capital Finance Corporation, Inc. (67)
- 7(a) share of SBA approvals72.8 percent
- Combined SBA approval dollars$319.7 m
The average approval of $550,474 sits well above the median of $250,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 16.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lake County
Do SBA loans in Lake County get paid back
- Loans with a final outcome recorded49
- Paid in full43
- Charged off6
- Charge off rate on resolved loans12.2 percent
- Status: Paid in full43
- Status: Exempt from disclosure252
- Status: Cancelled58
- Status: Charged off6
- Status: Committed, not yet disbursed19
Of the 49 loans that have reached a final outcome, 12.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake County
Which parts of Lake County get the lending
- Places in the county with recorded lending21
- CLERMONT, approvals145
- LEESBURG, approvals49
- MOUNT DORA, approvals36
- TAVARES, approvals25
- EUSTIS, approvals24
- GROVELAND, approvals22
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CLERMONT | 145 | $71,373,400 |
| LEESBURG | 49 | $27,213,100 |
| MOUNT DORA | 36 | $23,214,500 |
| TAVARES | 25 | $18,941,000 |
| EUSTIS | 24 | $18,633,200 |
| GROVELAND | 22 | $7,675,400 |
| MINNEOLA | 18 | $11,528,200 |
| Lady Lake | 16 | $8,244,400 |
CLERMONT accounts for 145 approvals against 49 in LEESBURG. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake County
How big is Lake County
- Land area938 sq mi
- Rank by land area among Florida counties18th of 67
- Width, east to west36.5 mi
- Height, north to south64.3 mi
- Geographies sharing a boundary6
- Residents per square mile of land440
- Establishments per square mile9.43
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Lake County
What hazards affect Lake County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book15
- Of those, participating in the NFIP15
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class1
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 7, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Lake County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Lake County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population412,924
- Households164,497
- Average household size2.51
- Median household income$73,161
- Median age46.5
Common questions
Lake County questions, answered from the record.
How many people live in Lake County, Florida?
412,924, in 164,497 households, ranking 17th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lake County growing?
The population has grown 15.69 percent since the 2020 census base. In 2024 there were 3,749 births against 5,079 deaths, with net migration of 18,696. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lake County?
$73,161. The median owner-occupied home is valued at $318,400, which is 4.4 times income, and median gross rent is $1,586 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Lake County?
8,849 establishments, employing 96,577 people with an annual payroll of $4.33 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Lake County?
Average annual pay is $53,106, or $1,021 a week, across 117,354 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lake County?
378 7(a) approvals totalling $208.1 m since FY2020, across 84 lenders, with a median approval of $250,000, plus 141 504 approvals worth $111.6 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Lake County get paid back?
Of the 49 loans that have reached a final outcome, 43 were paid in full and 6 charged off, a charge off rate of 12.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Lake County?
4,990 housing units were authorised by permit in 2024, with a declared construction value of $1.35 bn. Multifamily was 16.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lake County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Lake County come from?
The largest single origin is Lake County Non-migrants, with 146,318 households. Arriving households report an average income of $73,054 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Lake County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Lake County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.