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Affordable
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These days, finding an affordable place to live in the Bonney Lake area can be challenging. Home prices in Bonney Lake are now at a median cost of $634,414, higher than the Washington average of $621,115.
The average cost of rent is $2,635/mo in Bonney Lake, primarily driven by the current value of real estate in the Bonney Lake area. In Bonney Lake, 15.57% of households rent, and 23.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bonney Lake is $12,401 per month. Households that rent pay about 21.25% of their income on rent here. Bonney Lake’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prairie Ridge, WA: less expensive homes
- McMillin, WA: higher priced homes
- Sumner, WA: less expensive homes
- Lake Tapps, WA: higher priced homes
- South Prairie, WA: equally priced homes
- Osceola, WA: higher priced homes
- Buckley, WA: less expensive homes
- Orting, WA: less expensive homes
- South Hill, WA: less expensive homes
- La Grande, WA: higher priced homes
Cities with Similar Populations
- Maumee, OH: less expensive homes
- Raytown, MO: less expensive homes
- Puerto Real, PR: less expensive homes
- Poplar Bluff, MO: less expensive homes
- Pewaukee, WI: less expensive homes
- Pataskala, OH: less expensive homes
- Okemos, MI: less expensive homes
- North Royalton, OH: less expensive homes
- Mustang, OK: less expensive homes
- Mount Airy, MD: less expensive homes
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