
Home Price Key
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 $516,871, higher than the New York average of $481,023.
The average cost of rent is $1,403/mo in Lake Hill, primarily driven by the current value of real estate in the Lake Hill area. While nearly 58.78% of residents own their homes outright in Lake Hill, 11.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Hill is $7,996 per month. Households that rent pay about 17.54% 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.
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