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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 $464,172, lower than the New Jersey average of $496,577.
The average cost of rent is $2,820/mo in Lake Telemark, primarily driven by the current value of real estate in the Lake Telemark area. In Lake Telemark, 5.17% of households rent, and 26.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Telemark is $9,431 per month. Households that rent pay about 29.90% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hibernia, NJ: equally priced homes
- Marcella, NJ: higher priced homes
- Rockaway, NJ: equally priced homes
- Denville, NJ: higher priced homes
- Mount Hope, NJ: less expensive homes
- 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
- Natrona, IL: less expensive homes
- Milo, AR: less expensive homes
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- Montebello, VA: less expensive homes
- Montrose, SC: less expensive homes
- Morristown, WV: less expensive homes
- Mount Cobb, PA: less expensive homes
- Mount Hermon, NJ: less expensive homes
- Mount Hope, WA: less expensive homes
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