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Affordable
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These days, finding an affordable place to live in the Lake Magdalene area can be challenging. Home prices in Lake Magdalene are now at a median cost of $364,331, lower than the Florida average of $396,783.
The average cost of rent is $1,538/mo in Lake Magdalene, primarily driven by the current value of real estate in the Lake Magdalene area. In Lake Magdalene, 28.40% of households rent, and 41.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Magdalene is $6,962 per month. Households that rent pay about 22.10% of their income on rent here. Lake Magdalene’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Northdale, FL: higher priced homes
- University, FL: less expensive homes
- Lutz, FL: higher priced homes
- Egypt Lake-Leto, FL: less expensive homes
- Citrus Park, FL: equally priced homes
- Cheval, FL: higher priced homes
- Tampa, FL: equally priced homes
- Temple Terrace, FL: less expensive homes
- Town 'n' Country, FL: equally priced homes
- Keystone, FL: higher priced homes
Cities with Similar Populations
- Aliquippa, PA: less expensive homes
- West Roxbury, MA: higher priced homes
- Westfield, NJ: higher priced homes
- Windsor, CA: higher priced homes
- Woodstock, IL: less expensive homes
- Castaic, CA: higher priced homes
- Agawam Town, MA: less expensive homes
- Bonney Lake, WA: higher priced homes
- Bloomington, CA: higher priced homes
- Bemidji, MN: less expensive homes
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