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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 $598,063, higher than the Utah average of $525,914.
The average cost of rent is $1,678/mo in Lake Shore, primarily driven by the current value of real estate in the Lake Shore area. In Lake Shore, 41.53% of households rent, and 26.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Shore is $8,362 per month. Households that rent pay about 20.07% of their income on rent here. Lake Shore’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Palmyra, UT: less expensive homes
- Spanish Fork, UT: less expensive homes
- Payson, UT: less expensive homes
- Salem, UT: equally priced homes
- Springville, UT: less expensive homes
- Elk Ridge, UT: equally priced homes
- Mapleton, UT: higher priced homes
- Spring Lake, UT: equally priced homes
- Woodland Hills, UT: higher priced homes
- Provo, UT: equally priced homes
Cities with Similar Populations
- Osbernville, IL: less expensive homes
- Peanut, PA: less expensive homes
- Paw Paw, OK: less expensive homes
- Patterson, MS: less expensive homes
- Parchment Valley, WV: less expensive homes
- Oxbow, OR: less expensive homes
- Oshoto, WY: less expensive homes
- Oscar, WV: less expensive homes
- Oscar, KY: less expensive homes
- Osborns Store, VA: less expensive homes
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