Home Price Key
Affordable
Average
Expensive
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 $317,760, higher than the Florida average of $278,762.
The average cost of rent is $1,533/mo in Lake Lorraine, primarily driven by the current value of real estate in the Lake Lorraine area. While nearly 37.07% of residents own their homes outright in Lake Lorraine, 32.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Lorraine is $7,263 per month. Households that rent pay about 21.10% of their income on rent here. Lake Lorraine's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Shalimar, FL: higher priced homes
- Eglin Afb, FL: less expensive homes
- Ocean City, FL: less expensive homes
- Cinco Bayou, FL: equally priced homes
- Fort Walton Beach, FL: less expensive homes
- Wright, FL: less expensive homes
- Valparaiso, FL: less expensive homes
- Destin, FL: higher priced homes
- Niceville, FL: equally 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: equally priced homes
- Millen, GA: less expensive homes
- Millburn, NJ: higher priced homes
- Milford, NJ: equally priced homes
- Monroeville, AL: less expensive homes
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