Learn more about Homes for Sale in Land O’ Lake Florida. There are some areas that you should purchase a home in, simply because they are growing at such a rapid pace that you will get an excellent return in next to no time. Land O’ Lake is a census designated place located in Pasco County, Florida, USA. It is part of the Tampa-St. Petersburg-Clearwater, Florida MSA. Its population is currently at 32,589 people. Since 2000, its population has been growing by more than 50% every year to get to what it is today. This makes Land O’ Lake a fast growing region. As the population growth increases, so have the housing developments in order to accommodate the growing masses.
Land O’ Lake has expanded in regards to its total land area in the past few years. Towns that were nearby have now been assimilated into Land O’ Lakes for instance Ehren, Denham and Gowers Corner. Fresh localities, shopping centers, hospitals and also schools have been constructed. The town is now bigger and better than it was a few years ago.
Houses available in Land O’ Lake that are available for sale are relatively new and feature the most modern amenities. The median cost of a home here is $162,200. With a home appreciation rate of 12.2%, you can be sure that the cost of homes is going to go up by a considerable margin sooner rather than later. This is why this is the right time to buy a home if you want to enjoy the great environment and atmosphere here for a long time.
15.90% of the population here are renters and currently, 13.28% of all homes and apartments are available for rent or for sale. There are homes as small as studio apartments that can give you a return of about $780 each month. A four bedroomed home or apartment for rent will give you a return of about $1,950 while a two bedroomed home or apartment will go for $1,220. These rates are higher than many other places in Florida.
When you are looking to purchase a home, it is worth noting that 33% of these cost between $200,000 and $299,999. There are very few homes that are available at lower than $59,000.
Land O’ Lakes, FL Home Buying Information
- First Time Home Buyers – Are you a first home time buyer in Land O’ Lakes Florida? There are many new loan programs out there, if you have a little money there are programs out there for you! A new conventional loan program out that offer 3% down. Get more information about First Time Home Buyers Program in Land O’ Lakes.
- VA Loan Programs for Veterans – This is an awesome program for Veterans, the VA guaranteed a loan to honorable discharged Veterans. First step is to go to the nearest Land O’ Lakes Veteran Affair office to get a certificate. To see if you qualify for a VA home loan, fill out the form and receive a call from one of our preferred VA mortgage lenders.
- Land O’ Lakes FL Foreclosure Properties – If you are investor or just interested in buying Land O’ Lakes foreclosure homes for sale or Land O’ Lakes real estate for sale at below market value? Use my search page Land O’ Lakes Foreclosure homes to find out more.
Cultural Make-up of Land O’ Lakes, Florida
Land O’ Lake has a fantastic cosmopolitan blend of people from different racial backgrounds. Majority of the home owners are white, though there is a good number of these that are from other parts of the world. There is a good gender balance, with 47.5% of the population female while the rest are males. 19.5% of the population are between the ages of 35 to 44 and only a few are above 75 years of age. This reveals that family homes take up a considerable amount of the real estate in Land O’Lake, and the more high end homes would be suited to retirees.
A higher percentage of households in Land O‘Lake receive an income of between 100K and 150K and only 4% of the households receive an income of 15k and less. This means that people here are middle to upper middle class. The unemployment rate is at 6.5% with job growth at 3.13%. This indicates that if you choose to make Land O’ Lake home, you will be able to get gainful employment to support yourself.
Land O’ Lake is one place that has grown so much in just a short period of time. It still has great potential for growth. This is a dream atmosphere for anyone looking to purchase real estate, whether for the short term or to keep for an extended period.
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The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional Multiple Listing Service, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.