Lake Terrace, FL Housing Market

$428,093

2.6% 1-yr

The average Lake Terrace, FL home value is $428,093, down 2.6% 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: $428,093

1-year Value Change: -2.6%

(Data through July 31, 2025)

Lake Terrace Housing Market Overview

--1-year Market Forecast

5For sale inventory(July 31, 2025)

--New listings(July 31, 2025)

--Median sale to list ratio

--Median sale price(June 30, 2025)

--Median list price(July 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$400,041
Dover Shores West$457,412
Lake Como$464,633
Bel Air$716,859
Conway$157,992
Lancaster Park$860,480
Lake Underhill$310,311
Lake Weldona$638,914
Lake Davis-Greenwood$448,893

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Lake Terrace Rental Market Trends

--Average rent in Lake Terrace

$2,072National average rent(July 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.