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Affordable
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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 $139,440, lower than the Kentucky average of $219,615.
The average cost of rent is $798/mo in Lake, primarily driven by the current value of real estate in the Lake area. In Lake, 19.19% of households rent, and 58.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake is $6,402 per month. Households that rent pay about 12.47% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lida, KY: less expensive homes
- Cane Creek, KY: less expensive homes
- Portersburg, KY: less expensive homes
- Urban, KY: less expensive homes
- Sprule, KY: less expensive homes
- Brock, KY: higher 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: higher priced homes
- New Providence, KY: higher priced homes
- New Somerset, OH: higher priced homes
- Newbern, IA: higher priced homes
- Reidsburg, PA: higher priced homes
- Reily Lake, IL: equally priced homes
- Renicks Valley, WV: higher priced homes
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