Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Terrace and Oaks area can be challenging. Home prices in Lake Terrace and Oaks are now at a median cost of $430,392, higher than the New Orleans average of $247,441.
The average cost of rent is $641/mo in Lake Terrace and Oaks, primarily driven by the current value of real estate in the Lake Terrace and Oaks area. While nearly 33.22% of residents own their homes outright in Lake Terrace and Oaks, 50.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Terrace and Oaks is $8,984 per month. Households that rent pay about 7.14% of their income on rent here. Lake Terrace and Oaks's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Saint Anthony, New Orleans, LA: less expensive homes
- Milneburg, New Orleans, LA: less expensive homes
- Fillmore, New Orleans, LA: less expensive homes
- Lake Shore, New Orleans, LA: higher priced homes
- Gentilly Terrace, New Orleans, LA: less expensive homes
- Dillard, New Orleans, LA: less expensive homes
- Gentilly Woods, New Orleans, LA: less expensive homes
- Lakeview, New Orleans, LA: higher priced homes
- Pines Village, New Orleans, LA: less expensive homes
- Fairgrounds, New Orleans, LA: less expensive homes
Neighborhoods with Similar Populations
- Yalecrest, Salt Lake City, UT: higher priced homes
- Squak Mountain, Issaquah, WA: higher priced homes
- The Woodlands, Randallstown, MD: less expensive homes
- Coytesville, Fort Lee, NJ: less expensive homes
- Cloutier Court, Wilmington, DE: less expensive homes
- Cleveland Heights, Lakeland, FL: less expensive homes
- Central Eastside, Erie, PA: less expensive homes
- Centennial, Burlington, VT: equally priced homes
- Catonsville Heights, Catonsville, MD: less expensive homes
- Wailea, Kihei, HI: higher priced homes
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