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 $96,808, lower than the Iowa average of $182,666.
The average cost of rent is $556/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. While nearly 67.11% of residents own their homes outright in Lake City, 20.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $4,935 per month. Households that rent pay about 11.26% of their income on rent here. Lake City's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Sherwood, IA: higher priced homes
- Lanesboro, IA: higher priced homes
- Yetter, IA: higher priced homes
- Auburn, IA: higher priced homes
- Grant City, IA: equally priced homes
- Lohrville, IA: equally priced homes
- Lidderdale, IA: higher priced homes
- Rockwell City, IA: equally priced homes
- Piper, IA: equally priced homes
- Mount Carmel, IA: higher priced homes
Cities with Similar Populations
- Newborn, GA: higher priced homes
- Silver Creek, MN: higher priced homes
- Salina, AZ: less expensive homes
- Quapaw, OK: higher priced homes
- Providence, TX: higher priced homes
- Powhatton, OH: higher priced homes
- Porter, OK: higher priced homes
- Pembroke, KY: higher priced homes
- Oxford, IA: higher priced homes
- Orchard Grass Hills, KY: higher priced homes
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