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These days, finding an affordable place to live in the Bay Lake area can be challenging. Home prices in Bay Lake are now at a median cost of $638,494, higher than the Florida average of $396,783.
The average cost of rent is $2,330/mo in Bay Lake, primarily driven by the current value of real estate in the Bay Lake area. In Bay Lake, 29.85% of households rent, and 33.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bay Lake is $10,255 per month. Households that rent pay about 22.72% of their income on rent here. Bay Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Buena Vista, FL: equally priced homes
- Vineland, FL: less expensive homes
- Doctor Phillips, FL: less expensive homes
- Horizon West, FL: less expensive homes
- Windermere, FL: higher priced homes
- Celebration, FL: equally priced homes
- Hunters Creek, FL: less expensive homes
- Four Corners, FL: less expensive homes
- Oak Ridge, FL: less expensive homes
- Southchase, FL: less expensive homes
Cities with Similar Populations
- Mirando City, TX: less expensive homes
- Morris, WV: less expensive homes
- Johnnie, NV: less expensive homes
- Johnson City, MO: less expensive homes
- Joplin, MT: less expensive homes
- Thornhill, VA: less expensive homes
- Kaktovik, AK: less expensive homes
- Montello, NV: less expensive homes
- Washburn, AR: less expensive homes
- Red Shirt, SD: less expensive homes
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