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Affordable
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These days, finding an affordable place to live in the Lambertville area can be challenging. Home prices in Lambertville are now at a median cost of $269,716, higher than the Michigan average of $250,415.
The average cost of rent is $1,273/mo in Lambertville, primarily driven by the current value of real estate in the Lambertville area. In Lambertville, 4.36% of households rent, and 48.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lambertville is $8,667 per month. Households that rent pay about 14.69% of their income on rent here. Lambertville’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whiteford Center, MI: less expensive homes
- Temperance, MI: equally priced homes
- Ottawa Lake, MI: equally priced homes
- Samaria, MI: equally priced homes
- Sylvania, OH: higher priced homes
- Ottawa Hills, OH: higher priced homes
- Erie, MI: less expensive homes
- Toledo, OH: less expensive homes
- Lulu, MI: higher priced homes
- Petersburg, MI: equally priced homes
Cities with Similar Populations
- McLeansville, NC: less expensive homes
- Madison, OH: less expensive homes
- Madisonville, TX: less expensive homes
- Manati, PR: less expensive homes
- Mantua, NJ: higher priced homes
- Marathon, FL: higher priced homes
- Marlton, MD: higher priced homes
- Marysville, MI: less expensive homes
- Maynard, MA: higher priced homes
- Mcdonald, PA: higher priced homes
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