Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake City area can be challenging. Home prices in Lake City are now at a median cost of $105,473, lower than the Arkansas average of $160,541.
The average cost of rent is $801/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. While nearly 49.52% of residents own their homes outright in Lake City, 21.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $4,236 per month. Households that rent pay about 18.91% of their income on rent here. Lake City's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lunsford, AR: less expensive homes
- Bunney, AR: less expensive homes
- Needham, AR: higher priced homes
- Monette, AR: equally priced homes
- Caraway, AR: less expensive homes
- Elm Grove, AR: less expensive homes
- Black Oak, AR: less expensive homes
- Cottonwood Corner, AR: equally priced homes
- Bay, AR: less expensive homes
- Walters, AR: less expensive homes
Cities with Similar Populations
- Brookville, NY: higher priced homes
- Silver Lake, IN: higher priced homes
- Anson, TX: less expensive homes
- Malmstrom Air Force Base, MT: higher priced homes
- Millersport, OH: higher priced homes
- Millsap, TX: higher priced homes
- Mount Ulla, NC: higher priced homes
- North Kingsville, OH: higher priced homes
- Ozona, TX: higher priced homes
- Peapack and Gladstone, NJ: higher priced homes
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