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Affordable
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These days, finding an affordable place to live in the Lake Forest area can be challenging. Home prices in Lake Forest are now at a median cost of $946,725, higher than the California average of $812,006.
The average cost of rent is $2,880/mo in Lake Forest, primarily driven by the current value of real estate in the Lake Forest area. In Lake Forest, 31.49% of households rent, and 25.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Forest is $11,065 per month. Households that rent pay about 26.02% of their income on rent here. Lake Forest’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mission Viejo, CA: equally priced homes
- Foothill Ranch, CA: higher priced homes
- Laguna Woods, CA: less expensive homes
- Laguna Hills, CA: higher priced homes
- Rancho Santa Margarita, CA: equally priced homes
- Top-of-the-World, CA: higher priced homes
- Aliso Viejo, CA: equally priced homes
- Trabuco Canyon, CA: higher priced homes
- Modjeska, CA: higher priced homes
- Silverado, CA: equally priced homes
Cities with Similar Populations
- Brentwood, CA: less expensive homes
- Wyoming, MI: less expensive homes
- Powder Springs, GA: less expensive homes
- San Pablo, CA: less expensive homes
- Malden, MA: less expensive homes
- Aiken, SC: less expensive homes
- Hanford, CA: less expensive homes
- Grants Pass, OR: less expensive homes
- Goose Creek, SC: less expensive homes
- Gilroy, CA: higher priced homes
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