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Market Intelligence · FL / Columbia County

Lake City, FL home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$231K1-yr changeDown0.2%

The typical home value in Lake City, FL is $231K as of September 2026, down 0.2% from a year ago, based on the Zillow Home Value Index. In the typical Lake City ZIP code, the median list price is $340K and homes spend a median of 85 days on market as of September 2026 (Realtor.com).

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The coverage

Lake City, by the numbers.

Typical home valueZillow ZHVI, September 2026
$231K
1-yr changeMedian across Lake City ZIPs
-0.2%
ZIP markets live4 tracked in Lake City
3
County
Columbia County

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12-month value trend

-0.2% over 12 months

Typical home value in Lake City over the last 12 months: $232K in Sep 2025 to $231K in Sep 2026 (-0.2%).

Sep 2025$232K

Sep 2026$231K

Median Zillow home value index across Lake City's ZIP codes.

Context

Lake City's housing market is fairly flat right now. The typical home value sits at $230,959, down 0.2% over the past year as of September 2026. There were 220 homes for sale, with 54 new listings coming on the market during the same period. The median list price was $339,500, and homes spent a median of 85 days on the market before going under contract. About 16.6% of listings took a price cut, which suggests some sellers are pricing above what buyers will pay. For a Lake City homeowner weighing a sale, the data points to a slow but steady market where realistic pricing matters more than timing.

The numbers

What is the housing market like in Lake City, FL?

Typical home value

$231K

Down0.2%YoY

Median list price

$340K

Days on market

85

Homes for sale

220

Price cuts

16.6%

New listings

54

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Lake City's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Lake City, FL home prices over time

Typical home values in Lake City, FL are down 0.2% over the past year, from $232K in September 2025 to $231K in September 2026.

Typical home value in Lake City, FL, September of each year
MonthTypical value1-yr change
September 2026$230,959-0.2%
September 2025$231,534No prior year

Typical value is the median Zillow Home Value Index across Lake City ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Lake City, FL a buyer's or seller's market?

Lake City, FL leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 85 days on market and 17% of listings with a price cut in the typical Lake City ZIP code, and 54 new listings against 220 active listings across Lake City, as of September 2026 (Realtor.com).

The outlook

Lake City housing market forecast 2027

-0.2%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Lake City ZIP codes, points to typical home values holding roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in Lake City fell 0.2%, per the Zillow Home Value Index.

Will home prices drop in Lake City?

Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Lake City shows typical home values holding roughly flat by September 2027 (down 0.2%), after a 0.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Lake City ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Lake City?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 4 Lake City ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Lake City, FL home prices.

How much is a home in Lake City worth?

The typical home value in Lake City is $230,959, down 0.2% over the past year as of September 2026. This is a citywide figure, so individual homes will vary.

How long does it take to sell a home in Lake City?

Homes in Lake City spent a median of 85 days on the market as of September 2026. Pricing carefully from the start can help, since 16.6% of listings had a price cut.

How much competition is there among sellers in Lake City?

There were 220 homes for sale in Lake City as of September 2026, with 54 new listings added. The median list price across the city was $339,500.

Are home prices going up or down in Lake City, FL?

Typical home values in Lake City, FL are down 0.2% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Lake City, FL a buyer's or seller's market?

Lake City, FL leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 85 days on market and 17% of listings with a price cut in the typical Lake City ZIP code, and 54 new listings against 220 active listings across Lake City, as of September 2026 (Realtor.com).

Nearby markets

More Florida housing markets.

The market is moving

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