Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake area can be challenging. Home prices in Lake are now at a median cost of $130,523, lower than the Kentucky average of $164,895.
The average cost of rent is $711/mo in Lake, primarily driven by the current value of real estate in the Lake area. While nearly 63.65% of residents own their homes outright in Lake, 28.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake is $4,591 per month. Households that rent pay about 15.49% of their income on rent here. Lake's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lida, KY: equally priced homes
- Cane Creek, KY: less expensive homes
- Portersburg, KY: less expensive homes
- Urban, KY: less expensive homes
- Sprule, KY: less expensive homes
- Brock, KY: equally priced homes
- Maplesville, KY: less expensive homes
- Lincoln, KY: less expensive homes
- Manchester, KY: less expensive homes
- Garrard, KY: less expensive homes
Cities with Similar Populations
- Richgrove, CA: higher priced homes
- New Lebanon, IN: higher priced homes
- New Lima, OK: less expensive homes
- New Odanah, WI: equally priced homes
- New Providence, KY: equally priced homes
- New Somerset, OH: higher priced homes
- Newbern, IA: higher priced homes
- Reidsburg, PA: higher priced homes
- Reily Lake, IL: higher priced homes
- Renicks Valley, WV: equally priced homes
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