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Affordable
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These days, finding an affordable place to live in the Lakemont area can be challenging. Home prices in Lakemont are now at a median cost of $431,811, higher than the Georgia average of $324,634.
The average cost of rent is $950/mo in Lakemont, primarily driven by the current value of real estate in the Lakemont area. In Lakemont, 11.41% of households rent, and 56.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakemont is $6,572 per month. Households that rent pay about 14.46% of their income on rent here. Lakemont’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wiley, GA: less expensive homes
- Tallulah Falls, GA: equally priced homes
- Tiger, GA: less expensive homes
- Turnerville, GA: less expensive homes
- Clayton, GA: less expensive homes
- Persimmon, GA: less expensive homes
- Long Creek, SC: less expensive homes
- Clarkesville, GA: less expensive homes
- Whetstone, SC: less expensive homes
- Mountain Scene, GA: less expensive homes
Cities with Similar Populations
- Alton, VA: less expensive homes
- Wyoming, IL: less expensive homes
- Worley, ID: higher priced homes
- Wind Point, WI: less expensive homes
- West Springfield, PA: less expensive homes
- West Concord, MN: less expensive homes
- Wellsburg, NY: less expensive homes
- Walden, TN: higher priced homes
- Verdun, LA: less expensive homes
- Upatoi, GA: less expensive homes
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