Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cedar Lake area can be challenging. Home prices in Cedar Lake are now at a median cost of $216,114, higher than the Indiana average of $175,617.
The average cost of rent is $1,182/mo in Cedar Lake, primarily driven by the current value of real estate in the Cedar Lake area. While nearly 29.04% of residents own their homes outright in Cedar Lake, 13.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Lake is $6,835 per month. Households that rent pay about 17.30% of their income on rent here. Cedar Lake's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Lake Dalecarlia, IN: higher priced homes
- St. John, IN: higher priced homes
- North Hayden, IN: higher priced homes
- Lowell, IN: equally priced homes
- Crown Point, IN: higher priced homes
- Schererville, IN: higher priced homes
- Dyer, IN: higher priced homes
- Southeast Grove, IN: equally priced homes
- Beecher, IL: less expensive homes
- Merrillville, IN: less expensive homes
Cities with Similar Populations
- Ozark, AL: less expensive homes
- Gorham, ME: higher priced homes
- Greensburg, IN: less expensive homes
- Hopkinton, MA: higher priced homes
- Indianola, IA: equally priced homes
- Mckinleyville, CA: higher priced homes
- Newberry, SC: less expensive homes
- Newton, IA: less expensive homes
- North Potomac, MD: higher priced homes
- North Vernon, IN: less expensive homes
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