Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Shore area can be challenging. Home prices in Lake Shore are now at a median cost of $411,439, higher than the Maryland average of $357,815.
The average cost of rent is $1,626/mo in Lake Shore, primarily driven by the current value of real estate in the Lake Shore area. While nearly 25.51% of residents own their homes outright in Lake Shore, 9.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Shore is $9,874 per month. Households that rent pay about 16.47% of their income on rent here. Lake Shore's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Pasadena, MD: equally priced homes
- Riviera Beach, MD: less expensive homes
- Severna Park, MD: higher priced homes
- Gibson Island, MD: higher priced homes
- Arnold, MD: higher priced homes
- Cape St. Claire, MD: equally priced homes
- Curtis Bay, MD: less expensive homes
- Millersville, MD: less expensive homes
- Glen Burnie, MD: less expensive homes
- Fort Howard, MD: less expensive homes
Cities with Similar Populations
- Mckinleyville, CA: less expensive homes
- Peru, IN: less expensive homes
- Pennsauken, NJ: less expensive homes
- Newington, VA: higher priced homes
- Milford, DE: less expensive homes
- Metuchen, NJ: equally priced homes
- Mesquite, NV: less expensive homes
- Melville, NY: higher priced homes
- Mead Valley, CA: less expensive homes
- Pinehurst, NC: less expensive homes
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