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 $254,053, higher than the Louisiana average of $194,522.
The average cost of rent is $1,093/mo in Lake, primarily driven by the current value of real estate in the Lake area. While nearly 45.72% of residents own their homes outright in Lake, 5.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake is $8,552 per month. Households that rent pay about 12.78% 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
- French Settlement, LA: less expensive homes
- St. Amant, LA: less expensive homes
- Port Vincent, LA: equally priced homes
- Gonzales, LA: less expensive homes
- Prairieville, LA: equally priced homes
- Verdun, LA: less expensive homes
- Maurepas, LA: equally priced homes
- Sorrento, LA: less expensive homes
- Geismar, LA: higher priced homes
- Hillaryville, LA: equally priced homes
Cities with Similar Populations
- Gates, OR: equally priced homes
- St. Vincent College, PA: equally priced homes
- Springer, OK: less expensive homes
- Spring Garden, VA: less expensive homes
- Southmont, NC: less expensive homes
- South Washington, IN: less expensive homes
- South Condit, OH: equally priced homes
- Smithville, AR: less expensive homes
- Slidell, TX: equally priced homes
- Grandin, MO: less expensive homes
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