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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 $413,892, lower than the Maryland average of $450,578.
The average cost of rent is $2,322/mo in Lake Arbor, primarily driven by the current value of real estate in the Lake Arbor area. In Lake Arbor, 47.81% of households rent, and 9.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Arbor is $10,876 per month. Households that rent pay about 21.35% of their income on rent here. Lake Arbor’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Largo, MD: less expensive homes
- Kettering, MD: equally priced homes
- Summerfield, MD: less expensive 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: higher 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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