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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 $212,682, lower than the Florida average of $396,783.
The average cost of rent is $1,055/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. In Lake City, 30.85% of households rent, and 49.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $4,920 per month. Households that rent pay about 21.44% of their income on rent here. Lake City’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Five Points, FL: higher priced homes
- Watertown, FL: less expensive homes
- Winfield, FL: equally priced homes
- Providence, FL: less expensive homes
- Wellborn, FL: equally priced homes
- Lulu, FL: less expensive homes
- Olustee, FL: higher priced homes
- Houston, FL: equally priced homes
- O'Brien, FL: equally priced homes
- Mc Alpin, FL: equally priced homes
Cities with Similar Populations
- Bartlett, TN: higher priced homes
- Zanesville, OH: less expensive homes
- Elmhurst, IL: higher priced homes
- El Centro, CA: higher priced homes
- East Honolulu, HI: higher priced homes
- Downingtown, PA: higher priced homes
- Donna, TX: less expensive homes
- Concord, NH: higher priced homes
- Cocoa, FL: higher priced homes
- Chillicothe, OH: less expensive homes
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