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Affordable
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These days, finding an affordable place to live in the Lakes area can be challenging. Home prices in Lakes are now at a median cost of $366,208, higher than the Alaska average of $346,273.
The average cost of rent is $1,680/mo in Lakes, primarily driven by the current value of real estate in the Lakes area. In Lakes, 20.22% of households rent, and 28.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakes is $8,909 per month. Households that rent pay about 18.85% of their income on rent here. Lakes’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wasilla, AK: equally priced homes
- Gateway, AK: higher priced homes
- Tanaina, AK: less expensive homes
- Palmer, AK: equally priced homes
- Buffalo Soapstone, AK: equally priced homes
- Meadow Lakes, AK: less expensive homes
- Knik-Fairview, AK: equally priced homes
- Lazy Mountain, AK: equally priced homes
- Eska, AK: less expensive homes
- Chugiak, AK: higher priced homes
Cities with Similar Populations
- Rocky Face, GA: less expensive homes
- Memphis, FL: less expensive homes
- Meridianville, AL: less expensive homes
- Merrydale, LA: less expensive homes
- Ridgeway, VA: less expensive homes
- River Oaks, TX: less expensive homes
- Riverside, CT: higher priced homes
- Riverside, IL: higher priced homes
- Riviera Beach, MD: equally priced homes
- Robertsville, NJ: higher priced homes
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