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These days, finding an affordable place to live in the Lake Montezuma area can be challenging. Home prices in Lake Montezuma are now at a median cost of $298,707, lower than the Arizona average of $421,436.
The average cost of rent is $1,319/mo in Lake Montezuma, primarily driven by the current value of real estate in the Lake Montezuma area. In Lake Montezuma, 34.23% of households rent, and 33.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Montezuma is $5,811 per month. Households that rent pay about 22.70% of their income on rent here. Lake Montezuma’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rimrock, AZ: equally priced homes
- Camp Verde, AZ: higher priced homes
- Middle Verde, AZ: equally priced homes
- Big Park, AZ: higher priced homes
- Cornville, AZ: higher priced homes
- Verde Village, AZ: higher priced homes
- Page Springs, AZ: higher priced homes
- Cottonwood, AZ: higher priced homes
- Clarkdale, AZ: higher priced homes
- Jerome, AZ: higher priced homes
Cities with Similar Populations
- Harrisburg, AR: less expensive homes
- Havana, IL: less expensive homes
- Hauula, HI: higher priced homes
- Hato Viejo, PR: less expensive homes
- Harwinton, CT: higher priced homes
- Hartford, SD: equally priced homes
- Hartford, MI: less expensive homes
- Hartford, KY: less expensive homes
- Hartford, AL: less expensive homes
- Hart, MI: less expensive homes
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