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These days, finding an affordable place to live in the Chippewa Lake area can be challenging. Home prices in Chippewa Lake are now at a median cost of $194,587, higher than the Ohio average of $181,280.
The average cost of rent is $1,039/mo in Chippewa Lake, primarily driven by the current value of real estate in the Chippewa Lake area. While nearly 32.97% of residents own their homes outright in Chippewa Lake, 15.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chippewa Lake is $6,922 per month. Households that rent pay about 15.01% of their income on rent here. Chippewa Lake's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Gloria Glens Park, OH: higher priced homes
- Westfield Center, OH: higher priced homes
- Seville, OH: equally priced homes
- Medina, OH: higher priced homes
- Silver Creek, OH: higher priced homes
- Lodi, OH: less expensive homes
- Creston, OH: less expensive homes
- Lester, OH: higher priced homes
- Litchfield, OH: higher priced homes
- Sharon Center, OH: higher priced homes
Cities with Similar Populations
- Haines, AK: higher priced homes
- Branchville, IN: less expensive homes
- Colmar, PA: higher priced homes
- Milford, WY: higher priced homes
- Fruitvale, TX: less expensive homes
- Galatia, IL: less expensive homes
- Galien, MI: less expensive homes
- Garnerville, NY: higher priced homes
- Kaleva, MI: less expensive homes
- Malaga, NJ: higher priced homes
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