Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Arbor area can be challenging. Home prices in Lake Arbor are now at a median cost of $312,733, lower than the Maryland average of $357,815.
The average cost of rent is $2,117/mo in Lake Arbor, primarily driven by the current value of real estate in the Lake Arbor area. While nearly 8.82% of residents own their homes outright in Lake Arbor, 54.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Arbor is $8,982 per month. Households that rent pay about 23.57% of their income on rent here. Lake Arbor's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Largo, MD: less expensive homes
- Kettering, MD: equally priced homes
- Summerfield, MD: equally priced homes
- Mitchellville, MD: higher priced homes
- Glenarden, MD: equally priced homes
- Landover, MD: less expensive homes
- Capitol Heights, MD: less expensive homes
- Seat Pleasant, MD: less expensive homes
- Landover Hills, MD: less expensive homes
- Upper Marlboro, MD: higher priced homes
Cities with Similar Populations
- Park Hills, MO: less expensive homes
- Newcastle, OK: less expensive homes
- Newport Coast, CA: higher priced homes
- Nine Mile Falls, WA: equally priced homes
- Oakland, TN: less expensive homes
- Oberlin, OH: less expensive homes
- Ocean City, NJ: higher priced homes
- Olney, IL: less expensive homes
- Ontario, NY: less expensive homes
- Orosi, CA: less expensive homes
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