Cheap Homes in Lake Park, GA

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View this home at W Magnolia St Valdosta GA 31601
$41,618 EMV
W Magnolia St
Valdosta, GA 31601
EST. RENT: $973
AUCTION: 05-07-2024
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Top Reasons To Live In Lake Park, GA In 2024

Lake Park is located in Lowndes, Georgia, with an estimated municipal population of 1,207 residents. All of the best foreclosed homes for sale in Lake Park are located in the following zip code areas on 31636. The estimated population per square kilometer (.62 miles) in Lake Park is 331.

Cost Of Living In Lake Park, GA

So, about how much do homes cost in Lake Park? The most recent median value of resident-owned homes in Lake Park is 179,535. An estimated 68.8 percent of households in Lake Park own their homes, with an average family size of 3.18. The median household income in Lake Park is 51,563, with23.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Park, the median commute time of resident workers (in minutes) is 20.4. And last, but certainly not least, are you looking for homes to rent in Lake Park? If so, the average rent price paid by renters in Lake Park is 804, according to recent statistics.

Diversity And Demographics In Lake Park, Georgia

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake Park is 44.1, split between 46.6 percent male versus 53.4 female. The percentage of residents who report being married in Lake Park is 47.3, with an average family size of 3.18.

The percentage of residents who report their race in Lake Park is as follows:

White 78.6%
Black / African American 10.5%
Asian 3%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.9%
Other 5.3%

Looking for family-friendly neighborhoods in and/or near Lake Park? Or maybe you are searching for 55+ active adult communities in and/or near Lake Park?

The percentage of residents who report their age in Lake Park is as follows:

Under 10 11%
Aged 10-19 11.6%
20s 17.2%
30s 7.5%
40s 12.5%
50s 16.6%
60s 12%
70s 8.8%
80+ 2.9%

Best Schools In Lake Park, Georgia

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Park.

Pros And Cons Of Living In Lake Park, Georgia

How do you know that living in -- or moving to -- Lake Park is right where you need to be? Perhaps you grew up in Lake Park or already live nearby; therefore, the decision to buy a home in Lake Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Park.

Reasons To Move To Lake Park, Georgia, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Park, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Lake Park, GA


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