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Affordable
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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 $330,206, higher than the North Carolina average of $323,314.
The average cost of rent is $1,976/mo in Lake Park, primarily driven by the current value of real estate in the Lake Park area. In Lake Park, 21.11% of households rent, and 22.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Park is $6,362 per month. Households that rent pay about 31.06% of their income on rent here. Lake Park’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Indian Trail, NC: higher priced homes
- Hemby Bridge, NC: higher priced homes
- Stallings, NC: higher priced homes
- Matthews, NC: higher priced homes
- Wesley Chapel, NC: higher priced homes
- Unionville, NC: equally priced homes
- Mint Hill, NC: higher priced homes
- Weddington, NC: higher priced homes
- Monroe, NC: equally priced homes
- Mineral Springs, NC: higher priced homes
Cities with Similar Populations
- Suquamish, WA: higher priced homes
- Meeker, OK: less expensive homes
- Brownsboro, TX: less expensive homes
- Cotuit, MA: higher priced homes
- Kevil, KY: less expensive homes
- Otterbein, OH: equally priced homes
- Woodsfield, OH: less expensive homes
- Port Reading, NJ: higher priced homes
- Richfield, WI: higher priced homes
- Rochester, WI: higher priced homes
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