Expensive
Affordable
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These days, finding an affordable place to live in the Lake Success area can be challenging. Home prices in Lake Success are now at a median cost of $1,507,919, higher than the New York average of $610,895.
The average cost of rent is $3,501/mo in Lake Success, primarily driven by the current value of real estate in the Lake Success area. In Lake Success, 7.29% of households rent, and 44.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Success is $19,023 per month. Households that rent pay about 18.40% of their income on rent here. Lake Success’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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