Three Lakes, FL
Population 16,426 · Florida
About Three Lakes, FL
Three Lakes is a mid-sized city located in Florida with a population of 16,426 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,364 per year, which is 22% above the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Three Lakes features a median home value of $434,800, which is 78% above the national median of $244,900. This places Three Lakes in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,255, 94% above the national average of $1,163/month. Of the 5,484 total housing units, 66% are owner-occupied (3,505 units) and 34% are renter-occupied (1,811 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Three Lakes shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Three Lakes have an average one-way commute time of 31.5 minutes.
Education & Demographics
37.4% of Three Lakes residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.9% White, 0.5% Hispanic or Latino, 2.1% Black or African American, and 35.3% Asian residents, with 47.3% of the population being foreign-born.
Cost of Living in Three Lakes, FL
Compared to national averages, Three Lakes has a median household income of $91,364 (22% above the national median of $75,149). Home values average $434,800, which is 78% above the national median. Monthly rent at $2,255 is 94% above the US average of $1,163. Within Florida, Three Lakes's income is 20% above the state average of $75,893, and home values are 23% above the state median of $353,675.
Why Live in Three Lakes, FL?
Three Lakes offers a strong local economy with a median household income of $91,364, well above the national average, and a strong job market with an unemployment rate of just 2.8%, and a well-educated community where 37.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 10.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $434,800. However, Three Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Three Lakes has a population of 16,426 with a median age of 35.8 years. Compare Three Lakes with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Three Lakes
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brownsville | 16,391 | $38,460 | $285,100 | Compare |
| Lake Wales | 16,365 | $55,799 | $225,900 | Compare |
| Lady Lake | 16,337 | $47,260 | $217,900 | Compare |
| Palmetto Estates | 16,587 | $82,199 | $412,200 | Compare |
| Myrtle Grove | 16,637 | $63,011 | $182,600 | Compare |
| Lake Mary | 16,724 | $116,944 | $462,200 | Compare |
| Wildwood | 16,739 | $71,858 | $419,700 | Compare |
| Azalea Park | 16,110 | $64,585 | $255,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Three Lakes With Other Cities
Frequently Asked Questions about Three Lakes
What is the population of Three Lakes, FL?
The population of Three Lakes, FL is 16,426 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Three Lakes?
The median household income in Three Lakes, FL is $91,364 per year, which is 22% above the national median of $75,149.
What is the median home value in Three Lakes?
The median home value in Three Lakes, FL is $434,800, which is 78% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Three Lakes?
The median monthly rent in Three Lakes, FL is $2,255, which is 94% above the national average of $1,163/month.
What is the unemployment rate in Three Lakes?
The unemployment rate in Three Lakes, FL is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Three Lakes, FL a good place to live?
Three Lakes offers above-average incomes, a competitive housing market, and a strong job market. With a population of 16,426 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Three Lakes, FL?
37.4% of residents in Three Lakes aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Three Lakes?
Key cost-of-living indicators for Three Lakes, FL: median home value is $434,800 (78% above national), median rent is $2,255/month, and median household income is $91,364. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Three Lakes?
The poverty rate in Three Lakes, FL is 10.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Three Lakes, FL?
Three Lakes's population is 0.9% White, 0.5% Hispanic or Latino, 2.1% Black or African American, 35.3% Asian, and 6.7% two or more races. 47.3% of residents are foreign-born.