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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 $259,471, higher than the Indiana average of $232,932.
The average cost of rent is $912/mo in Lakeville, primarily driven by the current value of real estate in the Lakeville area. In Lakeville, 15.22% of households rent, and 36.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakeville is $6,289 per month. Households that rent pay about 14.49% of their income on rent here. Lakeville’s most expensive areas are in the northern 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
- La Paz Junction, IN: less expensive homes
- La Paz, IN: less expensive homes
- Teegarden, IN: higher priced homes
- Wyatt, IN: equally priced homes
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- North Liberty, IN: less expensive homes
- Bremen, IN: equally priced homes
- Woodland, IN: less expensive homes
- South Bend, IN: less expensive homes
- Rutland, IN: equally priced homes
Cities with Similar Populations
- Custer, SD: higher priced homes
- Sun City, CA: higher priced homes
- Spearman, TX: less expensive homes
- Venetian Village, IL: equally priced homes
- Flagler Estates, FL: equally priced homes
- Evarts, KY: less expensive homes
- Walters, OK: less expensive homes
- Enfield, NH: higher priced homes
- Dassel, MN: higher priced homes
- Crab Orchard, KY: less expensive homes
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