Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Havasu City area can be challenging. Home prices in Lake Havasu City are now at a median cost of $293,269, higher than the Arizona average of $274,828.
The average cost of rent is $1,184/mo in Lake Havasu City, primarily driven by the current value of real estate in the Lake Havasu City area. While nearly 43.87% of residents own their homes outright in Lake Havasu City, 24.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Havasu City is $5,405 per month. Households that rent pay about 21.90% of their income on rent here. Lake Havasu City's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
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