The Most Affordable Neighborhoods in Lakeside-Lester Park, Duluth, MN by Home Value

 

Lakeside-Lester Park, Duluth, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lakeside-Lester Park area can be challenging. Home prices in Lakeside-Lester Park are now at a median cost of $265,645, lower than the Duluth average of $281,838.

The average cost of rent is $2,265/mo in Lakeside-Lester Park, primarily driven by the current value of real estate in the Lakeside-Lester Park area. In Lakeside-Lester Park, 14.51% of households rent, and 29.57% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lakeside-Lester Park is $9,235 per month. Households that rent pay about 24.53% of their income on rent here. Lakeside-Lester Park’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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