Lake Terrace, FL Housing Market

$440,374

1.1% 1-yr

The average Lake Terrace, FL home value is $440,374, down 1.1% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Lake Terrace Key Takeaways

Typical Home Values: $440,374

1-year Value Change: -1.1%

(Data through May 31, 2025)

Lake Terrace Housing Market Overview

--1-year Market Forecast

--For sale inventory(May 31, 2025)

--New listings(May 31, 2025)

--Median sale to list ratio

--Median sale price(April 30, 2025)

--Median list price(May 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Wedgewood Groves$407,185
Dover Shores West$470,102
Lake Como$476,827
Bel Air$727,007
Conway$161,478
Lancaster Park$867,009
Lake Underhill$328,981
Lake Weldona$632,420
Lake Davis-Greenwood$454,880

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Lake Terrace Rental Market Trends

--Average rent in Lake Terrace

$2,049National average rent(May 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.