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These days, finding an affordable place to live in the Lake Hill area can be challenging. Home prices in Lake Hill are now at a median cost of $621,946, higher than the New York average of $610,895.
The average cost of rent is $1,758/mo in Lake Hill, primarily driven by the current value of real estate in the Lake Hill area. In Lake Hill, 5.98% of households rent, and 47.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Hill is $7,976 per month. Households that rent pay about 22.05% of their income on rent here. Lake Hill’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bearsville, NY: equally priced homes
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Cities with Similar Populations
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- Mumford, TX: less expensive homes
- Myers, NY: less expensive homes
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