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These days, finding an affordable place to live in the Lake Murray of Richland area can be challenging. Home prices in Lake Murray of Richland are now at a median cost of $385,189, higher than the South Carolina average of $296,593.
The average cost of rent is $1,645/mo in Lake Murray of Richland, primarily driven by the current value of real estate in the Lake Murray of Richland area. In Lake Murray of Richland, 31.55% of households rent, and 54.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Murray of Richland is $7,960 per month. Households that rent pay about 20.66% of their income on rent here. Lake Murray of Richland’s most expensive areas are in the northern 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
- Ballentine, SC: less expensive homes
- Irmo, SC: less expensive homes
- White Rock, SC: equally priced homes
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Cities with Similar Populations
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- St. Martins, MO: less expensive homes
- Smartville, CA: higher priced homes
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- Randle, WA: equally priced homes
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- Morristown, MN: less expensive homes
- Allen, MI: less expensive homes
- Menan, ID: less expensive homes
- Maryland, NY: less expensive homes
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