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These days, finding an affordable place to live in the Lake Charles area can be challenging. Home prices in Lake Charles are now at a median cost of $273,118, higher than the Louisiana average of $235,139.
The average cost of rent is $1,205/mo in Lake Charles, primarily driven by the current value of real estate in the Lake Charles area. In Lake Charles, 32.27% of households rent, and 48.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Charles is $6,063 per month. Households that rent pay about 19.87% of their income on rent here. Lake Charles’s most expensive areas are in the southwestern 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
- Westlake, LA: less expensive homes
- Holmwood, LA: equally priced homes
- Sulphur, LA: less expensive homes
- Carlyss, LA: equally priced homes
- Iowa, LA: less expensive homes
- Manchester, LA: less expensive homes
- Sweet Lake, LA: less expensive homes
- Bell City, LA: less expensive homes
- Woodlawn, LA: less expensive homes
- Hayes, LA: less expensive homes
Cities with Similar Populations
- Idaho Falls, ID: higher priced homes
- Kenosha, WI: less expensive homes
- Janesville, WI: less expensive homes
- Jupiter, FL: higher priced homes
- Katy, TX: higher priced homes
- Jonesboro, AR: less expensive homes
- Huntsville, AL: equally priced homes
- Irving, TX: higher priced homes
- Irvine, CA: higher priced homes
- Indio, CA: higher priced homes
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