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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 $172,441, lower than the Pennsylvania average of $288,156.
The average cost of rent is $910/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. In Lake City, 14.45% of households rent, and 47.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $6,192 per month. Households that rent pay about 14.69% of their income on rent here. Lake City’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Girard, PA: higher priced homes
- North Springfield, PA: equally priced homes
- Platea, PA: higher priced homes
- East Springfield, PA: less expensive homes
- Fairview, PA: higher priced homes
- Sterrettania, PA: higher priced homes
- Cranesville, PA: higher priced homes
- West Springfield, PA: less expensive homes
- Lundys Lane, PA: higher priced homes
- Albion, PA: equally priced homes
Cities with Similar Populations
- Coleman, MI: less expensive homes
- Lytton Springs, TX: higher priced homes
- Richmond, VT: higher priced homes
- Laporte, CO: higher priced homes
- Rural Retreat, VA: less expensive homes
- Fremont, NC: less expensive homes
- Eleva, WI: higher priced homes
- El Lago, TX: higher priced homes
- Comer, GA: higher priced homes
- Chase City, VA: less expensive homes
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