Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lakewood area can be challenging. Home prices in Lakewood are now at a median cost of $617,431, lower than the California average of $648,235.
The average cost of rent is $2,146/mo in Lakewood, primarily driven by the current value of real estate in the Lakewood area. While nearly 28.88% of residents own their homes outright in Lakewood, 27.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood is $8,414 per month. Households that rent pay about 25.51% of their income on rent here. Lakewood's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Artesia, CA: equally priced homes
- Bellflower, CA: less expensive homes
- Hawaiian Gardens, CA: less expensive homes
- Cerritos, CA: higher priced homes
- Long Beach, CA: equally priced homes
- Paramount, CA: less expensive homes
- La Palma, CA: higher priced homes
- Signal Hill, CA: less expensive homes
- Norwalk, CA: less expensive homes
- Los Alamitos, CA: higher priced homes
Cities with Similar Populations
- Honolulu, HI: higher priced homes
- Hoover, AL: less expensive homes
- Hartford, CT: less expensive homes
- Hillsboro, OR: less expensive homes
- Hollywood, FL: less expensive homes
- High Point, NC: less expensive homes
- Holland, MI: less expensive homes
- Huntington Park, CA: less expensive homes
- Homestead, FL: less expensive homes
- Hesperia, CA: less expensive homes
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