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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 $189,315, lower than the Georgia average of $324,634.
The average cost of rent is $1,366/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. In Lake City, 49.16% of households rent, and 41.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $5,235 per month. Households that rent pay about 26.10% of their income on rent here. Lake City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Forest Park, GA: less expensive homes
- Morrow, GA: higher priced homes
- Conley, GA: higher priced homes
- Rex, GA: higher priced homes
- Ellenwood, GA: higher priced homes
- Riverdale, GA: higher priced homes
- Hapeville, GA: higher priced homes
- Jonesboro, GA: higher priced homes
- College Park, GA: higher priced homes
- Panthersville, GA: equally priced homes
Cities with Similar Populations
- Medina, WA: higher priced homes
- Yorktown, TX: equally priced homes
- Wyandotte, OK: less expensive homes
- Wiggins, CO: higher priced homes
- Westfield, WI: equally priced homes
- Wallis, TX: higher priced homes
- Upperco, MD: higher priced homes
- Stearns, KY: less expensive homes
- Star, NC: equally priced homes
- St. Anne, IL: equally priced homes
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