Quick facts: Mount dora, FL

Quick Facts

105.3
Cost of Living
above US average
17,160
Population
28.85
Crime Rate per 1000
above US average
$65,774
Median Income
below US average
$448,990
Median House Price
above US average
$2150.15
Average Rent
above US average
12%
Poverty Rate
above US average
3.2%
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 $65,774.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $448,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $65,774
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Income Needed to Rent

⚠ Stretch
$92k/year
Based on $2150.15/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $92k vs median $65,774
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mount dora, FL

Mount Dora is a charming city situated in Lake County, Florida, known for its scenic beauty, historic architecture, and vibrant arts scene. Nestled on the shores of Lake Dora, this quaint community boasts a picturesque downtown filled with antique shops, boutiques, and local restaurants. The annual events, such as the Mount Dora Arts Festival and the Mount Dora Music Festival, attract visitors from near and far, celebrating the town's rich cultural heritage. Outdoor enthusiasts can enjoy hiking, boating, and fishing in the surrounding lakes and parks, including Grantham Point Park, which offers stunning views of the sunsets over the lake. The city is also home to the Mount Dora History Museum, where visitors can learn about the area's past. Mount Dora's unique blend of small-town charm and artistic flair makes it a perfect getaway for those looking to relax and explore. With a warm climate year-round, it’s a delightful destination for winter visitors and residents alike, offering a friendly community atmosphere and a variety of recreational activities.

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