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Affordable
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These days, finding an affordable place to live in the Lake of the Woods area can be challenging. Home prices in Lake of the Woods are now at a median cost of $309,542, lower than the Oregon average of $502,078.
The average cost of rent is $962/mo in Lake of the Woods, primarily driven by the current value of real estate in the Lake of the Woods area. In Lake of the Woods, 26.38% of households rent, and 35.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake of the Woods is $5,956 per month. Households that rent pay about 16.15% of their income on rent here. Lake of the Woods’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Falcon Heights, OR: less expensive homes
- Olene, OR: higher priced homes
- Merrill, OR: equally priced homes
- Altamont, OR: less expensive homes
- Midland, OR: equally priced homes
- Klamath Falls, OR: equally priced homes
- Pelican City, OR: higher priced homes
- Dairy, OR: less expensive homes
- Keno, OR: equally priced homes
- Wocus, OR: higher priced homes
Cities with Similar Populations
- Agenda, KS: less expensive homes
- Amonate, VA: less expensive homes
- Ambrose, ND: less expensive homes
- Pointe Aux Barques, MI: less expensive homes
- Poplar Springs, TN: higher priced homes
- Poplar Grove, PA: equally priced homes
- Poplar Beach, NY: less expensive homes
- Ponzer, NC: less expensive homes
- Pontoon, AR: less expensive homes
- Pondfork, MO: less expensive homes
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