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These days, finding an affordable place to live in the Lake Grove area can be challenging. Home prices in Lake Grove are now at a median cost of $601,957, lower than the New York average of $610,895.
The average cost of rent is $1,821/mo in Lake Grove, primarily driven by the current value of real estate in the Lake Grove area. In Lake Grove, 21.86% of households rent, and 33.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Grove is $11,092 per month. Households that rent pay about 16.41% of their income on rent here. Lake Grove’s most expensive areas are in the northern 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
- Nesconset, NY: equally priced homes
- Centereach, NY: less expensive homes
- Lake Ronkonkoma, NY: less expensive homes
- St. James, NY: higher priced homes
- Ronkonkoma, NY: less expensive homes
- Stony Brook University, NY: equally priced homes
- Stony Brook, NY: equally priced homes
- Village of the Branch, NY: higher priced homes
- Head of the Harbor, NY: higher priced homes
- Selden, NY: less expensive homes
Cities with Similar Populations
- New Market, AL: less expensive homes
- Mount Vernon, IN: less expensive homes
- Mount Vernon, VA: higher priced homes
- Murphysboro, IL: less expensive homes
- Nanakuli, HI: less expensive homes
- Nantucket, MA: higher priced homes
- Napoleon, OH: less expensive homes
- Nappanee, IN: less expensive homes
- New Haven, MI: less expensive homes
- New Kingman-Butler, AZ: less expensive homes
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