
Home Price Key
These days, finding an affordable place to live in the Lake Telemark area can be challenging. Home prices in Lake Telemark are now at a median cost of $352,538, lower than the New Jersey average of $388,929.
The average cost of rent is $1,699/mo in Lake Telemark, primarily driven by the current value of real estate in the Lake Telemark area. While nearly 16.28% of residents own their homes outright in Lake Telemark, 13.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Telemark is $13,129 per month. Households that rent pay about 12.94% of their income on rent here. Lake Telemark's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Hibernia, NJ: equally priced homes
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- Green Pond, NJ: higher priced homes
- Boonton, NJ: higher priced homes
- Oak Ridge, NJ: equally priced homes
- Mountain Lakes, NJ: higher priced homes
- Wharton, NJ: less expensive homes
Cities with Similar Populations
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- Mount Hermon, NJ: less expensive homes
- Mount Hope, WA: less expensive homes
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