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These days, finding an affordable place to live in the Lake Morton-Berrydale area can be challenging. Home prices in Lake Morton-Berrydale are now at a median cost of $744,812, higher than the Washington average of $621,115.
The average cost of rent is $2,151/mo in Lake Morton-Berrydale, primarily driven by the current value of real estate in the Lake Morton-Berrydale area. In Lake Morton-Berrydale, 14.02% of households rent, and 29.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Morton-Berrydale is $10,478 per month. Households that rent pay about 20.53% of their income on rent here. Lake Morton-Berrydale’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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