Performance indicators for the Lake Placid short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Lake Placid.
Loading top listings...
Very Investor friendly
STRs are explicitly permitted citywide in Lake Placid and governed solely by state requirements—no city or county caps, bans, or heavy permits. Licensing is routine (DBPR + taxes), with a supportive tone and low local compliance burden; the primary risk is HOA restrictions.
Local STR Agent
STR specialist · Lake Placid, FL
Lake Placid is a small city tucked into the rolling countryside of Highlands County in central Florida, with a population of roughly 2,300 residents. The town carries a quiet, small-town character that has long been defined by its identity as the "Caladium Capital of the World," a designation tied to the surrounding caladium bulb farms that have shaped the local economy and landscape for generations. Its tidy streets are decorated with dozens of hand-painted murals that have earned it a reputation as one of Florida's most photographed small towns. Lake Placid sits about 100 miles south of Orlando and roughly the same distance southeast of Tampa, placing it well within reach of the state's two biggest tourism hubs while feeling a world away from the crowds.
Just south of town lies Lake Istokpoga, one of the largest freshwater lakes in Florida and a favorite destination for bass fishing, boating, and birdwatching. Anglers travel from across the country to fish its shallow flats and open water, and the lake's many access points are only a short drive from the heart of Lake Placid.
A few miles north, in neighboring Sebring, Highlands Hammock State Park offers a glimpse of old Florida that feels far removed from the coastal tourist trails. Established in 1931, it is one of the state's oldest parks, and its paved tram road winds through live oak hammocks, cypress swamps, and hardwood forests where visitors can spot alligators, Florida panthers on rare occasions, and a wide variety of wading birds. The park is roughly a 25-minute drive from Lake Placid.
South of the city, the Archbold Biological Station protects a slice of the Lake Wales Ridge, one of the oldest and most ecologically unique ecosystems in North America. The station's research campus offers guided tours and nature programs that introduce visitors to the scrub habitat and the rare plants and animals that depend on it.
Downtown Lake Placid itself rewards unhurried exploration. Beyond the murals that cover many of its older buildings, the compact center has a handful of locally owned restaurants, antique shops, and the Lake Placid Historical Society's Depot Museum, which preserves artifacts from the town's early rail and citrus years. Each summer, the town also hosts a well-attended caladium festival that draws visitors interested in horticulture and small-town Florida culture.
Together, these offerings make Lake Placid a compelling base for a short-term rental. Visitors can enjoy a slower pace, easy access to fishing, hiking, and birding, and the kind of authentic small-town atmosphere that has grown rare in much of Florida, all while remaining a comfortable drive from the larger attractions of Orlando, Tampa, and the Gulf Coast.