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Affordable
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These days, finding an affordable place to live in the Crater Lake area can be challenging. Home prices in Crater Lake are now at a median cost of $272,261, lower than the Oregon average of $502,078.
The average cost of rent is $1,183/mo in Crater Lake, primarily driven by the current value of real estate in the Crater Lake area. In Crater Lake, 23.38% of households rent, and 54.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Crater Lake is $5,929 per month. Households that rent pay about 19.95% of their income on rent here. Crater Lake’s most expensive areas are in the southern 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
- Chemult, OR: higher priced homes
- Diamond Lake Junction, OR: less expensive homes
- Toketee Falls, OR: less expensive homes
- Diamond Lake, OR: equally priced homes
- Fort Klamath, OR: less expensive homes
- Prospect, OR: higher priced homes
- Kirk, OR: less expensive homes
- Crescent Lake, OR: higher priced homes
- Rocky Point, OR: less expensive homes
- Pine Ridge, OR: less expensive homes
Cities with Similar Populations
- Sofia, NM: less expensive homes
- Indian Creek, FL: higher priced homes
- Shotley, MN: less expensive homes
- Silver Shell Beach, MA: higher priced homes
- Huron Mountain, MI: less expensive homes
- Hurnville, TX: less expensive homes
- Silvertown, GA: less expensive homes
- Sites, CA: higher priced homes
- Sitkum, OR: higher priced homes
- Slatyfork, WV: less expensive homes
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