Lake County, Florida: commercial real estate data.
Lake County, Florida had an estimated 444,204 residents on July 1, 2024, up 15.7 percent since the 2020 census base of 383,964, across 938 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lake County
How many people live in Lake County
- Population, American Community Survey 2020-2024412,924
- 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-equivalents, Puerto Rico included179th of 3,222
Lake County is the 17th largest of 67 Florida counties by population. A median home costs 4.4 times median household income, which is seriously unaffordable 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lake County
Is Lake County's population growing?
- Population, July 1, 2024444,204
- Census 2020 base population383,964
- Population change since the 2020 census base15.69 percent
- Population change, 2023 to 202417,422
- 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 of 3,144
The county has grown 15.69 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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 are people moving to Lake County from?
- Tax returns filed by households arriving18,532
- People arriving, from those returns33,815
- Tax returns filed by households leaving12,738
- Net household movement5,794
- Adjusted gross income arriving$1.35 bn
- Net adjusted gross income movement$593.6 m
- Average income of an arriving household$73,054
- Average income of a leaving household$59,686
- Largest single originOrange County (4,136 households)
- Largest single destinationOrange County (2,117 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Orange County | 4,136 | 7,825 | $275.4 m |
| Seminole County | 893 | 1,542 | $61.7 m |
| Osceola County | 793 | 1,443 | $43.3 m |
| Polk County | 743 | 1,318 | $36.9 m |
| Marion County | 600 | 1,084 | $25.9 m |
| Sumter County | 577 | 1,006 | $44.0 m |
| Volusia County | 485 | 861 | $23.4 m |
| Broward County | 463 | 860 | $37.4 m |
Households arriving report $13,368 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Orange County, 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 is the Lake County economy?
- 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 the Florida areas BEA publishes23rd of 67
- Rank by GDP among the US county areas BEA publishes285th of 3,127
- 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
Employment by industry in Lake County
- Covered employment, annual average117,354
- Establishments reporting10,822
- Average annual pay$53,106
- Average weekly wage$1,021
- Health care and social assistance, employment20,903
- Health care and social assistance, average annual pay$58,849
- Retail trade, employment19,223
- Retail trade, average annual pay$39,135
- Accommodation and food services, employment12,949
- Accommodation and food services, average annual pay$27,019
- Construction, employment12,225
- Construction, average annual pay$72,902
- Administrative and support and waste management services, employment7,242
- Manufacturing, employment4,864
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 20,903 | 1,388 | $58,849 |
| Retail trade | 19,223 | 1,251 | $39,135 |
| Accommodation and food services | 12,949 | 781 | $27,019 |
| Construction | 12,225 | 1,454 | $72,902 |
| Administrative and support and waste management services | 7,242 | 881 | $47,925 |
| Manufacturing | 4,864 | 299 | $63,057 |
| Professional, scientific and technical services | 4,590 | 1,197 | $89,949 |
| Transportation and warehousing | 4,252 | 281 | $51,030 |
Health care and social assistance is the largest private sector at 20,903 jobs, 17.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Lake County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Lake County
Building permits in Lake County
- Housing units authorized by permit, 20244,990
- Declared construction value permitted$1.35 bn
- Single family units authorized4,147
- Multifamily units authorized843
- Multifamily share of units16.9 percent
- Average declared value per unit$269,630
- Units authorized per 1,000 households30.3
Single-family homes are 83.1 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Lake County
SBA loans in Lake County (7(a) and 504)
- 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$39,700
- 90th percentile approval$1,251,030
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$319.7 m
The average approval of $550,474 sits well above the median of $250,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake County
SBA lending by place in Lake County
- Borrower cities with recorded lending20
- Clermont, approvals145
- Leesburg, approvals49
- Mount Dora, approvals41
- Tavares, approvals25
- Eustis, approvals24
- Groveland, approvals22
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Clermont | 145 | $71,373,400 |
| Leesburg | 49 | $27,213,100 |
| Mount Dora | 41 | $24,046,500 |
| 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 |
| 12 other borrower cities | 38 | $20,424,000 |
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 large 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
Flood risk in Lake County
- Participation of the county's own NFIP community Lake County, unincorporated areasParticipating, community 120421
- Community Rating System class of the county's own communityClass 6
- Communities in the county 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 6
- Communities carrying a CRS class1
- Radon levels in Lake County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Lake County (community 120421), participates in the National Flood Insurance Program and carries Community Rating System class 6, a flood insurance premium discount for policies written there. The EPA places Lake County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 6, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-2024412,924
- 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?
The Census Bureau estimates 444,204 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 15.69 percent since the 2020 census base of 383,964, to 444,204 on July 1, 2024. 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 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 employment by industry in Lake County?
Health care and social assistance is the largest private sector at 20,903 jobs, 17.8 percent of covered employment. Covered employment averages 117,354 jobs at an average annual pay of $53,106, or $1,021 a week. 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 totaling $208.1 m since FY2020, across 84 lenders, with a median approval of $250,000, plus 141 504 approvals worth $111.6 m since FY2010. 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.
How many building permits were issued in Lake County?
4,990 housing units were authorized 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 Orange County, with 4,136 households. Arriving households report an average income of $73,054 against $59,686 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Lake County
Cities and places in Lake.
29 Census places lie wholly or partly in Lake County. All 29 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Four Corners | CDP | 65,048 | None recorded | 32.8 percent here, 47.5 percent Osceola County, 12.3 percent Polk County, 7.4 percent Orange County |
| Clermont | city | 46,853 | 145 | Wholly in this county |
| Leesburg | city | 30,807 | 49 | Wholly in this county |
| Eustis | city | 24,119 | 24 | Wholly in this county |
| Groveland | city | 22,012 | 22 | Wholly in this county |
| Tavares | city | 20,463 | 25 | Wholly in this county |
| Mount Dora | city | 17,278 | 41 | Wholly in this county |
| Lady Lake | town | 16,675 | 16 | Wholly in this county |
| Minneola | city | 16,598 | 18 | Wholly in this county |
| Fruitland Park | city | 8,740 | 6 | Wholly in this county |
| Mascotte | city | 7,949 | 4 | Wholly in this county |
| Mount Plymouth | CDP | 4,604 | None recorded | Wholly in this county |
| Umatilla | city | 3,854 | 11 | Wholly in this county |
| Astatula | town | 2,559 | 2 | Wholly in this county |
| Silver Lake | CDP | 2,350 | None recorded | Wholly in this county |
| Montverde | town | 2,249 | 1 | Wholly in this county |
| Lake Mack-Forest Hills | CDP | 2,200 | None recorded | Wholly in this county |
| Howey-in-the-Hills | town | 2,153 | 2 | Wholly in this county |
| Pine Lakes | CDP | 1,437 | None recorded | Wholly in this county |
| Yalaha | CDP | 1,404 | None recorded | Wholly in this county |
| Astor | CDP | 1,391 | None recorded | Wholly in this county |
| Lake Kathryn | CDP | 1,024 | None recorded | Wholly in this county |
| Paisley | CDP | 757 | None recorded | Wholly in this county |
| Okahumpka | CDP | 449 | None recorded | Wholly in this county |
| Ferndale | CDP | 359 | None recorded | Wholly in this county |
| Sorrento | CDP | 270 | 5 | Wholly in this county |
| Lisbon | CDP | 100 | None recorded | Wholly in this county |
| Pittman | CDP | 89 | None recorded | Wholly in this county |
| Altoona | CDP | 37 | None recorded | Wholly in this county |
A further 7 of the county's 378 SBA 7(a) approvals are to borrowers in cities that match no Census place in Lake County, the largest being Winter Garden (2), Grand Island (2), Maitland (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby