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These days, finding an affordable place to live in the Lake Hamilton area can be challenging. Home prices in Lake Hamilton are now at a median cost of $218,965, lower than the Florida average of $396,783.
The average cost of rent is $1,260/mo in Lake Hamilton, primarily driven by the current value of real estate in the Lake Hamilton area. In Lake Hamilton, 14.49% of households rent, and 41.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Hamilton is $4,853 per month. Households that rent pay about 25.95% of their income on rent here. Lake Hamilton’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dundee, FL: higher priced homes
- Haines City, FL: higher priced homes
- Cypress Gardens, FL: higher priced homes
- Waverly, FL: equally priced homes
- Winter Haven, FL: equally priced homes
- Loughman, FL: higher priced homes
- Lake Alfred, FL: equally priced homes
- Inwood, FL: less expensive homes
- Eagle Lake, FL: equally priced homes
- Lake Wales, FL: equally priced homes
Cities with Similar Populations
- Swiftwater, PA: higher priced homes
- Fulton, TX: higher priced homes
- Gallant, AL: less expensive homes
- Greenland, AR: equally priced homes
- Gridley, IL: less expensive homes
- Ladoga, IN: less expensive homes
- Long Lake, MN: higher priced homes
- Lorida, FL: less expensive homes
- Lowell, OH: equally priced homes
- Star City, WV: higher priced homes
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