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These days, finding an affordable place to live in the Lake Lorraine area can be challenging. Home prices in Lake Lorraine are now at a median cost of $406,410, higher than the Florida average of $396,783.
The average cost of rent is $1,691/mo in Lake Lorraine, primarily driven by the current value of real estate in the Lake Lorraine area. In Lake Lorraine, 27.64% of households rent, and 41.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Lorraine is $9,776 per month. Households that rent pay about 17.29% of their income on rent here. Lake Lorraine’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shalimar, FL: higher priced homes
- Eglin Afb, FL: less expensive homes
- Ocean City, FL: less expensive homes
- Cinco Bayou, FL: higher priced homes
- Fort Walton Beach, FL: less expensive homes
- Wright, FL: less expensive homes
- Valparaiso, FL: equally priced homes
- Destin, FL: higher priced homes
- Niceville, FL: higher priced homes
- Hurlburt Field, FL: higher priced homes
Cities with Similar Populations
- Mifflintown, PA: less expensive homes
- Milton, WA: higher priced homes
- Millington, MI: less expensive homes
- Millersville, TN: less expensive homes
- Millersburg, PA: less expensive homes
- Millersburg, IN: less expensive homes
- Millen, GA: less expensive homes
- Millburn, NJ: higher priced homes
- Milford, NJ: higher priced homes
- Monroeville, AL: less expensive homes
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