In December 2018, there were two homes sold, with a median sale price of $230,750 - a 31.9% increase over the $175,000 median sale price for the same period of the previous year. There were three homes sold in Lake Park in December 2017.
The median sales tax in Lake Park for 2018 was $1,301. In 2017, the median sales tax was $1,389. This marks an decrease of 6.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.
The following table compares Lake Park to other Union County cities with similar median sale prices in December 2018:
| City | Dec. 2018 Home Sales | Dec. 2017 Home Sales | % change (Total Home Sales) | Dec. 2018 Median Sales Price | Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Waxhaw | 35 | 49 | -28.6% | $395,000 | $343,000 | 15.2% |
| Fairview | 2 | 2 | 0% | $308,750 | $407,500 | -24.2% |
| Stallings | 16 | 10 | 60% | $295,000 | $263,250 | 12.1% |
| Unionville | 2 | 2 | 0% | $262,500 | $126,750 | 107.1% |
| Hemby Bridge | 1 | 2 | -50% | $245,000 | $188,500 | 30% |
| Lake Park | 2 | 3 | -33.3% | $230,750 | $175,000 | 31.9% |
| Matthews | 2 | 0 | - | $222,000 | $0 | - |
| Indian Trail | 35 | 39 | -10.3% | $205,000 | $235,000 | -12.8% |
| Monroe | 33 | 35 | -5.7% | $200,000 | $180,000 | 11.1% |
| Marshville | 8 | 8 | 0% | $151,750 | $185,000 | -18% |
| Wingate | 9 | 7 | 28.6% | $90,000 | $157,000 | -42.7% |
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