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These days, finding an affordable place to live in the Lake Park area can be challenging. Home prices in Lake Park are now at a median cost of $231,920, lower than the Indiana average of $232,932.
The average cost of rent is $1,641/mo in Lake Park, primarily driven by the current value of real estate in the Lake Park area. In Lake Park, 0.86% of households rent, and 38.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Park is $10,780 per month. Households that rent pay about 15.22% of their income on rent here. Lake Park’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Carlisle, IN: equally priced homes
- Rolling Prairie, IN: equally priced homes
- Mill Creek, IN: equally priced homes
- Tee Lake, IN: higher priced homes
- Galien, MI: less expensive homes
- Three Oaks, MI: higher priced homes
- Salem Heights, IN: less expensive homes
- Chain-O-Lakes, IN: equally priced homes
- Union Pier, MI: higher priced homes
- Woodland, IN: equally priced homes
Cities with Similar Populations
- Romeo, TN: less expensive homes
- Marys Home, MO: less expensive homes
- Masonville, MI: less expensive homes
- Mattawana, PA: less expensive homes
- Mayhaw, GA: less expensive homes
- McKinney, KY: less expensive homes
- Rockville, TN: higher priced homes
- Rogers Mill, PA: less expensive homes
- Rome, KY: less expensive homes
- Marathon, IA: less expensive homes
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