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Affordable
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These days, finding an affordable place to live in the Laconia area can be challenging. Home prices in Laconia are now at a median cost of $233,468, lower than the Tennessee average of $315,131.
The average cost of rent is $938/mo in Laconia, primarily driven by the current value of real estate in the Laconia area. In Laconia, 16.19% of households rent, and 49.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Laconia is $4,881 per month. Households that rent pay about 19.22% of their income on rent here. Laconia’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Castle, TN: less expensive homes
- Whiteville, TN: less expensive homes
- Yum Yum, TN: higher priced homes
- Somerville, TN: higher priced homes
- Williston, TN: equally priced homes
- Fayette Corners, TN: less expensive homes
- Warren, TN: higher priced homes
- Hickory Withe, TN: higher priced homes
- Vildo, TN: less expensive homes
- Hickory Valley, TN: less expensive homes
Cities with Similar Populations
- Fountain Run, KY: less expensive homes
- Shelter Island Heights, NY: higher priced homes
- Hartwick, NY: less expensive homes
- Hartsgrove, OH: less expensive homes
- Harrisville, NY: less expensive homes
- Harnell Park, MN: higher priced homes
- Halfmoon, MT: higher priced homes
- Griswold, IA: less expensive homes
- Grand View, ID: higher priced homes
- Graeagle, CA: higher priced homes
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