Affordable
Expensive
Expensive
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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 $260,433, lower than the Minnesota average of $345,793.
The average cost of rent is $1,098/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. In Lake County, 16.53% of households rent, and 43.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake County is $6,302 per month. Households that rent pay about 17.42% of their income on rent here. Lake County’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- St. Louis County, MN: equally priced 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: higher 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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