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These days, finding an affordable place to live in the Lake Mohawk area can be challenging. Home prices in Lake Mohawk are now at a median cost of $486,017, lower than the New Jersey average of $496,577.
The average cost of rent is $1,923/mo in Lake Mohawk, primarily driven by the current value of real estate in the Lake Mohawk area. In Lake Mohawk, 16.51% of households rent, and 26.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Mohawk is $13,165 per month. Households that rent pay about 14.61% of their income on rent here. Lake Mohawk’s most expensive areas are in the central 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
- Upper Mohawk, NJ: higher priced homes
- Sparta, NJ: equally priced homes
- South Ogdensburg, NJ: higher priced homes
- Lake Hopatcong, NJ: less expensive homes
- Andover, NJ: less expensive homes
- Ogdensburg, NJ: less expensive homes
- Andover Junction, NJ: less expensive homes
- Lafayette, NJ: less expensive homes
- Hopatcong, NJ: less expensive homes
- Newton, NJ: less expensive homes
Cities with Similar Populations
- Roanoke, AL: less expensive homes
- Milliken, CO: equally priced homes
- Milton, VT: less expensive homes
- Rhinebeck, NY: equally priced homes
- Richfield, UT: less expensive homes
- Richland Hills, TX: less expensive homes
- Richmond, MI: less expensive homes
- Rio del Mar, CA: higher priced homes
- Ripley, MS: less expensive homes
- Rittman, OH: less expensive homes
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