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 $369,894, higher than the Tennessee average of $218,916.
The average cost of rent is $1,240/mo in Lakewood, primarily driven by the current value of real estate in the Lakewood area. While nearly 56.31% of residents own their homes outright in Lakewood, 38.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood is $4,448 per month. Households that rent pay about 27.89% of their income on rent here. Lakewood's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Old Hickory, TN: less expensive homes
- Madison, TN: less expensive homes
- Hermitage, TN: less expensive homes
- Green Hill, TN: higher priced homes
- Hendersonville, TN: less expensive homes
- Goodlettsville, TN: less expensive homes
- Mount Juliet, TN: less expensive homes
- Whites Creek, TN: less expensive homes
- Nashville, TN: less expensive homes
- Berry Hill, TN: higher priced homes
Cities with Similar Populations
- McDermott, OH: less expensive homes
- Eden, MD: less expensive homes
- Edmore, MI: less expensive homes
- Williamsburg, CO: less expensive homes
- Farmington, MS: less expensive homes
- Hico, TX: less expensive homes
- Webster, SD: less expensive homes
- Valley Forge, PA: higher priced homes
- Trenton, TX: less expensive homes
- Towamensing Trails, PA: less expensive homes
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