The median sale price of a home in Lake Terrace was $195K last month, down 61.3% since last year. The median sale price per square foot in Lake Terrace is $225, down 22.7% since last year.
What is the housing market like in Lake Terrace today?
In April 2025, Lake Terrace home prices were down 61.3% compared to last year, selling for a median price of $195K.
$195K
Sale Price
-57.6% since last year
$225
Sale $/Sq. Ft.
-22.7% since last year
Under List Price
2.5%
Days on Market
91
Down Payment
—
Total Homes Sold
1
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School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Terrace.
Flood Factor - Minor
1% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Terrace has a minor risk of flooding. properties in Lake Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 1% of all properties in Lake Terrace. Flood risk is increasing slower than the national average.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lake Terrace has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Terrace is most at risk from hurricanes. 273 properties in Lake Terrace have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 136 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 147 mph.