Quick facts: Lake park, GA

Quick Facts

97.5
Cost of Living
below US average
1,412
Population
12.75
Crime Rate per 1000
below US average
$36,429
Median Income
below US average
$349,900
Median House Price
above US average
$1891.88
Average Rent
above US average
15%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $36,429.

🏠

Income Needed to Buy

βœ— Stretch
$110k/year
Based on $349,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $110k vs median $36,429
🏒

Income Needed to Rent

⚠ Stretch
$81k/year
Based on $1891.88/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $81k vs median $36,429
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lake park, GA

Lake Park is a charming small town located in Lowndes County, Georgia. Nestled close to the Florida state line, this community is part of the Valdosta Metropolitan Statistical Area. The town is known for its serene environment, friendly neighborhoods, and a slower pace of life, making it ideal for families and retirees alike. Lake Park boasts beautiful parks and recreational areas, including Lake Laura, which offers opportunities for fishing and picnicking. The town's location provides easy access to larger nearby cities, such as Valdosta and Lake City, enabling residents to enjoy a blend of suburban tranquility and urban amenities. Community events and a strong sense of local pride contribute to Lake Park's welcoming atmosphere. The area enjoys a warm climate, with mild winters and hot summers, making it perfect for outdoor activities year-round. Local dining options, small shops, and community gatherings enrich the social fabric of the town, making it a quintessential example of Southern hospitality. Overall, Lake Park is a hidden gem for those seeking a peaceful yet connected lifestyle in South Georgia.

πŸ” Search & Compare Places

First Location πŸ“