Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Fernan Lake Village area can be challenging. Home prices in Fernan Lake Village are now at a median cost of $807,922, higher than the Idaho average of $450,170.
The average cost of rent is $1,066/mo in Fernan Lake Village, primarily driven by the current value of real estate in the Fernan Lake Village area. In Fernan Lake Village, 34.65% of households rent, and 30.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fernan Lake Village is $6,004 per month. Households that rent pay about 17.75% of their income on rent here. Fernan Lake Village’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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