Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake area can be challenging. Home prices in Lake are now at a median cost of $79,536, lower than the Mississippi average of $145,564.
The average cost of rent is $583/mo in Lake, primarily driven by the current value of real estate in the Lake area. While nearly 60.78% of residents own their homes outright in Lake, 30.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake is $4,408 per month. Households that rent pay about 13.22% of their income on rent here. Lake's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Usrytown, MS: higher priced homes
- Lawrence, MS: equally priced homes
- Norris, MS: less expensive homes
- Forest, MS: higher priced homes
- Roberts, MS: equally priced homes
- Hays, MS: less expensive homes
- Gum Springs, MS: less expensive homes
- Conehatta, MS: equally priced homes
- Newton, MS: equally priced homes
- Hillsboro, MS: less expensive homes
Cities with Similar Populations
- Atlanta, IL: higher priced homes
- Avis, PA: higher priced homes
- Bapchule, AZ: higher priced homes
- Bayard, NM: higher priced homes
- Bethune, SC: higher priced homes
- Bishopville, MD: higher priced homes
- Bismarck, MO: higher priced homes
- Fairfield Bay, AR: higher priced homes
- Caney, KS: equally priced homes
- Colon, MI: higher priced homes
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