Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake County area can be challenging. Home prices in Lake County are now at a median cost of $212,975, lower than the Minnesota average of $269,934.
The average cost of rent is $808/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. While nearly 44.33% of residents own their homes outright in Lake County, 13.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake County is $5,980 per month. Households that rent pay about 13.51% of their income on rent here. Lake County's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the county.
Nearby Counties
- St. Louis County, MN: less expensive homes
- Douglas County, WI: less expensive homes
- Carlton County, MN: equally priced homes
- Itasca County, MN: less expensive homes
- Ontonagon County, MI: less expensive homes
- Cass County, MN: equally priced homes
- Houghton County, MI: less expensive homes
- Baraga County, MI: less expensive homes
- Keweenaw County, MI: less expensive homes
- Beltrami County, MN: less expensive homes
Counties with Similar Populations
- Lincoln County, MT: higher priced homes
- Luquillo Municipio, PR: less expensive homes
- Los Alamos County, NM: higher priced homes
- Long County, GA: less expensive homes
- Livingston County, MO: less expensive homes
- Little River County, AR: less expensive homes
- Lincoln County, WY: higher priced homes
- Lincoln County, WV: less expensive homes
- Lincoln County, NM: equally priced homes
- Macon County, AL: less expensive homes
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