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 $109,986, lower than the Mississippi average of $145,564.
The average cost of rent is $647/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. While nearly 54.67% of residents own their homes outright in Lake City, 28.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $3,210 per month. Households that rent pay about 20.14% of their income on rent here. Lake City's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Carter, MS: equally priced homes
- Pierce Crossroad, MS: equally priced homes
- Yazoo City, MS: less expensive homes
- Patosi, MS: equally priced homes
- Louise, MS: less expensive homes
- Midnight, MS: less expensive homes
- Eden, MS: higher priced homes
- Silver City, MS: equally priced homes
- Benton, MS: equally priced homes
- Holly Bluff, MS: equally priced homes
Cities with Similar Populations
- Old Marissa, IL: less expensive homes
- Onomea, HI: higher priced homes
- Onchiota, NY: higher priced homes
- Oliver, AR: higher priced homes
- Olive Grove, NC: equally priced homes
- Oley Furnace, PA: higher priced homes
- Olema, CA: higher priced homes
- Oldfield, AL: equally priced homes
- Old Niota, IL: equally priced homes
- Onvil, NC: less expensive homes
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