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These days, finding an affordable place to live in the Lake Point area can be challenging. Home prices in Lake Point are now at a median cost of $591,433, higher than the Utah average of $525,914.
The average cost of rent is $1,235/mo in Lake Point, primarily driven by the current value of real estate in the Lake Point area. In Lake Point, 14.98% of households rent, and 14.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Point is $11,128 per month. Households that rent pay about 11.09% of their income on rent here. Lake Point’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stansbury Park, UT: equally priced homes
- Lincoln, UT: less expensive homes
- Tooele, UT: less expensive homes
- Erda, UT: less expensive homes
- Magna, UT: less expensive homes
- Bingham Canyon, UT: less expensive homes
- Grantsville, UT: less expensive homes
- Kearns, UT: less expensive homes
- Copperton, UT: equally priced homes
- West Valley City, UT: less expensive homes
Cities with Similar Populations
- Rimer, OH: less expensive homes
- Prospect, NC: less expensive homes
- Punta de Agua, NM: less expensive homes
- Radom, IL: less expensive homes
- Rehoboth, AL: less expensive homes
- Relay, GA: less expensive homes
- Ribot, PA: less expensive homes
- Ricardo, TX: less expensive homes
- Richfield, NE: less expensive homes
- Richter, KS: less expensive homes
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