The Most Affordable Neighborhoods in Lake County, OR by Home Value

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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 $196,712, lower than the Oregon average of $365,363.

The average cost of rent is $771/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. While nearly 55.80% of residents own their homes outright in Lake County, 32.91% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lake County is $5,208 per month. Households that rent pay about 14.81% of their income on rent here. Lake County's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the county.

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