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These days, finding an affordable place to live in the Lake Providence area can be challenging. Home prices in Lake Providence are now at a median cost of $122,742, lower than the Louisiana average of $235,139.
The average cost of rent is $604/mo in Lake Providence, primarily driven by the current value of real estate in the Lake Providence area. In Lake Providence, 49.15% of households rent, and 70.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Providence is $2,630 per month. Households that rent pay about 22.95% of their income on rent here. Lake Providence’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tallula, MS: equally priced homes
- Shelburn, LA: less expensive homes
- Monticello, LA: less expensive homes
- Fitler, MS: equally priced homes
- Mayersville, MS: equally priced homes
- Terry, LA: equally priced homes
- Richey, MS: less expensive homes
- Forest, LA: less expensive homes
- Oak Grove, LA: equally priced homes
- Valewood, MS: less expensive homes
Cities with Similar Populations
- Bell Buckle, TN: higher priced homes
- Daingerfield, TX: higher priced homes
- Eastland, TX: higher priced homes
- Evansville, WY: higher priced homes
- West Wendover, NV: higher priced homes
- Menands, NY: higher priced homes
- Silver Summit, UT: higher priced homes
- Frisco, CO: higher priced homes
- Riceville, TN: higher priced homes
- Leavittsburg, OH: less expensive homes
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