Home Price Key
Affordable
Average
Expensive
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 $290,199, lower than the Virginia average of $323,261.
The average cost of rent is $1,471/mo in Lake of the Woods, primarily driven by the current value of real estate in the Lake of the Woods area. While nearly 30.12% of residents own their homes outright in Lake of the Woods, 2.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake of the Woods is $7,972 per month. Households that rent pay about 18.45% of their income on rent here. Lake of the Woods's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Locustgrove, VA: higher priced homes
- Wilderness, VA: equally priced homes
- Indian Town, VA: equally priced homes
- Richardsville, VA: equally priced homes
- Lignum, VA: equally priced homes
- Parker, VA: equally priced homes
- Burr Hill, VA: equally priced homes
- Gold Dale, VA: equally priced homes
- Brockroad, VA: equally priced homes
- Todds Tavern, VA: equally priced homes
Cities with Similar Populations
- Richmond, MO: less expensive homes
- Medina, TN: less expensive homes
- Mendenhall, MS: less expensive homes
- Mendota, IL: less expensive homes
- Mentor-on-the-Lake, OH: less expensive homes
- Mercersburg, PA: less expensive homes
- Middleborough Center, MA: higher priced homes
- Midway, GA: less expensive homes
- Mifflinburg, PA: less expensive homes
- Milan, IL: less expensive homes
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