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 $91,294, lower than the Illinois average of $242,002.
The average cost of rent is $687/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. While nearly 51.97% of residents own their homes outright in Lake City, 26.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $4,705 per month. Households that rent pay about 14.61% of their income on rent here. Lake City's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- La Place, IL: higher priced homes
- Lintner, IL: less expensive homes
- Lovington, IL: equally priced homes
- Dalton City, IL: higher priced homes
- Bethany, IL: higher priced homes
- Hammond, IL: equally priced homes
- Williamsburg, IL: higher priced homes
- Long Creek, IL: higher priced homes
- Mount Zion, IL: higher priced homes
- Pierson, IL: higher priced homes
Cities with Similar Populations
- Reubens, ID: higher priced homes
- Newburg, ND: higher priced homes
- Newell, AR: higher priced homes
- Newport, MS: higher priced homes
- Newstead, KY: higher priced homes
- Niagara, ND: higher priced homes
- Nimrod, TX: higher priced homes
- Regan, ND: higher priced homes
- Rego, IN: less expensive homes
- Rehoboth, OH: higher priced homes
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