Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Tapps area can be challenging. Home prices in Lake Tapps are now at a median cost of $534,032, higher than the Washington average of $453,663.
The average cost of rent is $1,621/mo in Lake Tapps, primarily driven by the current value of real estate in the Lake Tapps area. While nearly 29.92% of residents own their homes outright in Lake Tapps, 12.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Tapps is $10,046 per month. Households that rent pay about 16.13% of their income on rent here. Lake Tapps's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Sumner, WA: less expensive homes
- Pacific, WA: less expensive homes
- Osceola, WA: higher priced homes
- Bonney Lake, WA: less expensive homes
- Auburn, WA: less expensive homes
- Algona, WA: less expensive homes
- Edgewood, WA: less expensive homes
- Prairie Ridge, WA: less expensive homes
- Lakeland South, WA: less expensive homes
- Wabash, WA: higher priced homes
Cities with Similar Populations
- Polk City, FL: less expensive homes
- New Hope, PA: higher priced homes
- Newman, CA: less expensive homes
- Newton, NJ: less expensive homes
- Norris, TN: less expensive homes
- North Adams, MA: less expensive homes
- Platteville, WI: less expensive homes
- Plover, WI: less expensive homes
- Plymouth, WI: less expensive homes
- New Holland, PA: less expensive homes
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