Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Carmel area can be challenging. Home prices in Lake Carmel are now at a median cost of $297,301, lower than the New York average of $481,023.
The average cost of rent is $1,736/mo in Lake Carmel, primarily driven by the current value of real estate in the Lake Carmel area. While nearly 26.84% of residents own their homes outright in Lake Carmel, 11.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Carmel is $7,680 per month. Households that rent pay about 22.60% of their income on rent here. Lake Carmel's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Carmel, NY: higher priced homes
- Patterson, NY: higher priced homes
- Brewster, NY: higher priced homes
- Holmes, NY: higher priced homes
- Farmers Mills, NY: higher priced homes
- Croton Falls, NY: higher priced homes
- Mahopac, NY: higher priced homes
- Stormville, NY: higher priced homes
- Quaker Hill, NY: equally priced homes
- Pawling, NY: higher priced homes
Cities with Similar Populations
- Mosinee, WI: less expensive homes
- Prospect Park, NJ: equally priced homes
- Polk City, IA: equally priced homes
- Mountain View, HI: less expensive homes
- Mount Vernon, KY: less expensive homes
- Mount Orab, OH: less expensive homes
- Mount Gilead, OH: less expensive homes
- Mount Carmel, IL: less expensive homes
- Mound, MN: equally priced homes
- Prosperity, SC: less expensive homes
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