Lake Magdalene

Population: 31,733
Median household income: $75,606
Median home value: $335,800

Lake Magdalene is a community in Hillsborough County, Florida, home to 31,733 residents. The median household income of $75,606 is in line with the Hillsborough County median ($75,011).

Between 2019 and 2023, Lake Magdalene's population grew 3.0% from 30,805 to 31,733, while its median home value rose 45.4% from $231,000 to $335,800.

Households average 2.40 people. The median gross rent is $1,342.

Demographics

ACS 2019–2023

Population: 31,733
Median age: 41.1 yrs
Median household income: $75,606
Median home value: $335,800
Median gross rent: $1,342
Housing units: 13,702
Homeownership rate: 71.8%
Bachelor's degree or higher: 40.0%
Unemployment rate: 3.0%

Trends

ACS 5-year · 2019–2023

Population

30,80531,733

Median household income

$63,270$75,606

Median home value

$231,000$335,800

Median gross rent

$1,027$1,342

Year	Population	Median household income	Median home value	Median gross rent
2019	30,805	$63,270	$231,000	$1,027
2020	32,180	$66,623	$247,300	$1,121
2021	31,211	$69,045	$268,300	$1,148
2022	31,546	$69,898	$306,800	$1,218
2023	31,733	$75,606	$335,800	$1,342

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.0%

5 to 1713.4%

18 to 246.1%

25 to 3415.1%

35 to 4412.6%

45 to 5410.7%

55 to 6414.9%

65 to 7412.3%

75 and over8.0%

	Count	Share
Under 5	2,209	7.0%
5 to 17	4,263	13.4%
18 to 24	1,929	6.1%
25 to 34	4,789	15.1%
35 to 44	3,993	12.6%
45 to 54	3,410	10.7%
55 to 64	4,720	14.9%
65 to 74	3,895	12.3%
75 and over	2,525	8.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	18,003	56.7%
Black or African American	2,157	6.8%
American Indian & Alaska Native	0	0.0%
Asian	984	3.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	80	0.3%
Two or more races	959	3.0%
Hispanic or Latino (any race)	9,550	30.1%

Educational attainment (age 25+)

No high school diploma5.9%

High school graduate26.3%

Some college or associate's27.9%

Bachelor's degree25.3%

Graduate or professional degree14.7%

	Count	Share
No high school diploma	1,383	5.9%
High school graduate	6,126	26.3%
Some college or associate's	6,501	27.9%
Bachelor's degree	5,898	25.3%
Graduate or professional degree	3,424	14.7%

Commute to work

Mean travel time to work: 28 min

Drove alone74.5%

Carpooled6.8%

Public transit0.7%

Walked0.5%

Bicycle0.2%

Worked from home16.3%

Other means1.1%

How workers get to work

	Count	Share
Drove alone	11,654	74.5%
Carpooled	1,062	6.8%
Public transit	106	0.7%
Walked	73	0.5%
Bicycle	25	0.2%
Worked from home	2,551	16.3%
Other means	170	1.1%

Travel time

	Count	Share
Under 15 min	1,956	14.9%
15 to 29 min	4,678	35.7%
30 to 44 min	4,335	33.1%
45 to 59 min	1,334	10.2%
60+ min	787	6.0%

Households

Average household size: 2.40
Poverty rate: 11.6% (3,609 of 31,191)

	Count	Share
Family households	8,109	62.6%
Nonfamily households	4,839	37.4%

Housing

Median year structure built: 1982

Occupancy

	Count	Share
Occupied	12,948	94.5%
Vacant	754	5.5%

Tenure (of occupied units)

	Count	Share
Owner-occupied	9,294	71.8%
Renter-occupied	3,654	28.2%

1-unit, detached61.3%

1-unit, attached8.9%

2 to 4 units5.9%

5 to 19 units12.1%

20 or more units5.7%

Mobile home & other6.1%

Units in structure

	Count	Share
1-unit, detached	8,396	61.3%
1-unit, attached	1,214	8.9%
2 to 4 units	812	5.9%
5 to 19 units	1,663	12.1%
20 or more units	777	5.7%
Mobile home & other	840	6.1%

Geography

Place GEOID: 1238350
Type (LSAD): 57
Land area: 10 sq mi
Water area: 1.4 sq mi
Center point: 28.0817, -82.4842