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These days, finding an affordable place to live in the Lakefield area can be challenging. Home prices in Lakefield are now at a median cost of $541,753, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,173/mo in Lakefield, primarily driven by the current value of real estate in the Lakefield area. In Lakefield, 19.02% of households rent, and 42.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakefield is $9,591 per month. Households that rent pay about 12.24% of their income on rent here. Lakefield’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
- Grafton, WI: less expensive homes
- Cedarburg, WI: less expensive homes
- Saukville, WI: less expensive homes
- Thiensville, WI: less expensive homes
- Horns Corners, WI: equally priced homes
- Mequon, WI: equally priced homes
- Port Washington, WI: less expensive homes
- Kirchhayn, WI: less expensive homes
- Bayside, WI: less expensive homes
- Brown Deer, WI: less expensive homes
Cities with Similar Populations
- Michael, IL: less expensive homes
- McKinnon, FL: less expensive homes
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- Melvin, KY: less expensive homes
- Mendon Center, NY: less expensive homes
- Menemsha, MA: higher priced homes
- Mentz, TX: less expensive homes
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