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Affordable
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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 $72,945, lower than the South Carolina average of $296,593.
The average cost of rent is $906/mo in Drake, primarily driven by the current value of real estate in the Drake area. In Drake, 16.97% of households rent, and 81.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Drake is $4,556 per month. Households that rent pay about 19.89% of their income on rent here. Drake’s most expensive areas are in the eastern 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
- Blenheim, SC: equally priced homes
- Brownsville, SC: equally priced homes
- Marlboro, SC: higher priced homes
- Bristow, SC: equally priced homes
- Clio, SC: equally priced homes
- Minturn, SC: less expensive homes
- Society Hill, SC: higher priced homes
- Little Rock, SC: less expensive homes
- Dovesville, SC: higher priced homes
- Selma, SC: higher priced homes
Cities with Similar Populations
- Toponas, CO: higher priced homes
- Trunkeyville, PA: higher priced homes
- Johnstown, WI: higher priced homes
- Troy, OK: higher priced homes
- Jones, LA: higher priced homes
- Jonesville, GA: higher priced homes
- Josephine, WV: higher priced homes
- Judio, KY: higher priced homes
- Trail City, SD: equally priced homes
- Towner, CO: higher priced homes
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