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These days, finding an affordable place to live in the Lakeville area can be challenging. Home prices in Lakeville are now at a median cost of $734,615, higher than the Connecticut average of $418,901.
The average cost of rent is $1,853/mo in Lakeville, primarily driven by the current value of real estate in the Lakeville area. In Lakeville, 28.73% of households rent, and 30.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakeville is $9,397 per month. Households that rent pay about 19.72% of their income on rent here. Lakeville’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Millerton, NY: less expensive homes
- Salisbury, CT: equally priced homes
- Lime Rock, CT: equally priced homes
- Falls Village, CT: less expensive homes
- Sharon, CT: less expensive homes
- Pulvers Corners, NY: less expensive homes
- Taconic, CT: equally priced homes
- South Canaan, CT: less expensive homes
- Canaan, CT: less expensive homes
- West Cornwall, CT: less expensive homes
Cities with Similar Populations
- Monteagle, TN: less expensive homes
- Wittenberg, WI: less expensive homes
- Whitefield, ME: less expensive homes
- Westcliffe, CO: less expensive homes
- Wellington, NV: less expensive homes
- Warren, MN: less expensive homes
- Ubly, MI: less expensive homes
- Troy, NH: less expensive homes
- Thompsonville, IL: less expensive homes
- St. George, MO: less expensive homes
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