All Countries
Lake Lorraine, FL
Full City Profile · Florida · Okaloosa County County
3.7
/5.0
B+
Good
7,210
Population
3,500/sq mi density
$91,619
Median Income
$54,848 per capita
$411,900
Home Value
$377,146 Zillow
$1,488
Median Rent
31.2% income on rent
70°F
Avg Temperature
306 sunny days/yr
340
Violent Crime/100K
3,319 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$91,619 median income, 1.3% unemployment
A
Affordability
4.1 / 5.0
$411,900 home value, $1,488/mo rent
F
Safety
1.0 / 5.0
340 violent crimes/100K
A+
Education
4.9 / 5.0
48.9% bachelor's degree or higher
Housing Overview
Median Home Value
$411,900
46% above
US avg: $281,900
Median Rent
$1,488/mo
28% above
US avg: $1,163/mo
Homeownership Rate
72.0%
10% above US avg (65.4%)
Total Housing Units
3,323
Median year built: 1981
Home Value by Source
Census Median
$411,900
Zillow (ZHVI)
$377,146
Median Sale Price
$315,000
Median List Price
$433,999
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.0%
Owner-Occupied
28.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,488/mo
Market Indicators (Redfin)
Median Days on Market
69 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
14.0%
of listings with price reduction
Price Per Sq Ft
$202
Active Inventory
50
homes for sale
Affordability & Housing Stock
Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1981
Average age of housing stock: 45 years
Homeownership Rate
72.0%
Complete Housing Data
Home Values
| Census Median Value | $411,900 |
| Zillow Home Value (ZHVI) | $377,146 |
| Median Sale Price | $315,000 |
| Median List Price | $433,999 |
| Price Per Sq Ft | $202 |
Rent
| Census Median Rent | $1,488 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 69 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.0% |
| Homes Sold | 7 |
| Active Inventory | 50 |
| Price Per Sq Ft | $202 |
Ownership & Stock
| Owner-Occupied | 72.0% |
| Renter-Occupied | 28.0% |
| Homeownership Rate | 72.0% |
| Total Housing Units | 3,323 |
| Median Year Built | 1981 |
| Rent Burden | 31.2% |