The Most Affordable Neighborhoods in Lake of the Woods, OR by Home Value

 

Lake of the Woods, OR Map of Most Affordable Neighborhoods
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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 $234,800, lower than the Oregon average of $365,363.

The average cost of rent is $1,133/mo in Lake of the Woods, primarily driven by the current value of real estate in the Lake of the Woods area. While nearly 38.61% of residents own their homes outright in Lake of the Woods, 21.03% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lake of the Woods is $5,182 per month. Households that rent pay about 21.88% 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 southern parts of the city.


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