Home Price Key
Affordable
Average
Expensive
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 $263,256, lower than the Worcester average of $314,805.
The average cost of rent is $918/mo in Lake Park, primarily driven by the current value of real estate in the Lake Park area. While nearly 37.02% of residents own their homes outright in Lake Park, 60.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Park is $6,420 per month. Households that rent pay about 14.31% of their income on rent here. Lake Park's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Hamilton, Worcester, MA: equally priced homes
- Franklin Plantation, Worcester, MA: equally priced homes
- Grafton Hill, Worcester, MA: equally priced homes
- Union Hill, Worcester, MA: higher priced homes
- Bell Hill, Worcester, MA: equally priced homes
- Central Business District, Worcester, MA: less expensive homes
- Broadmeadow Brook, Worcester, MA: equally priced homes
- Green Island, Worcester, MA: equally priced homes
- Vernon Hill, Worcester, MA: less expensive homes
- Institute Park, Worcester, MA: less expensive homes
Neighborhoods with Similar Populations
- Old Town Florissant, Florissant, MO: less expensive homes
- Millview East, San Marcos, TX: less expensive homes
- Franklin Falls, Franklin, NH: less expensive homes
- Park, Redford, MI: less expensive homes
- Holly Hills, St. Louis, MO: less expensive homes
- Willow Creek, Kansas City, MO: less expensive homes
- Wellington, Manassas, VA: higher priced homes
- Southwood, Richmond, VA: less expensive homes
- Fairwood and Robandee, Kansas City, MO: less expensive homes
- Braun Station West, San Antonio, TX: less expensive homes
All Local Stats
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