Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Drake area can be challenging. Home prices in Drake are now at a median cost of $449,073, higher than the Colorado average of $430,259.
The average cost of rent is $1,423/mo in Drake, primarily driven by the current value of real estate in the Drake area. While nearly 36.75% of residents own their homes outright in Drake, 5.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Drake is $7,835 per month. Households that rent pay about 18.16% of their income on rent here. Drake's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Olympus Heights, CO: less expensive homes
- Waltonia, CO: higher priced homes
- Glen Comfort, CO: higher priced homes
- Glen Haven, CO: equally priced homes
- Cedar Cove, CO: higher priced homes
- Masonville, CO: less expensive homes
- Loveland Heights, CO: higher priced homes
- Estes Park, CO: higher priced homes
- Pinewood Springs, CO: higher priced homes
- Bellvue, CO: higher priced homes
Cities with Similar Populations
- Roseglen, PA: less expensive homes
- Collins, PA: less expensive homes
- Comfort, WV: less expensive homes
- Connersville, KY: less expensive homes
- Williamson, IA: less expensive homes
- Corrona, MS: less expensive homes
- Creston, LA: less expensive homes
- Rocky Mount, GA: less expensive homes
- Rohr, WV: less expensive homes
- Coeymans Hollow, NY: less expensive homes
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