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These days, finding an affordable place to live in the Lamont area can be challenging. Home prices in Lamont are now at a median cost of $409,853, higher than the Michigan average of $250,415.
The average cost of rent is $1,308/mo in Lamont, primarily driven by the current value of real estate in the Lamont area. In Lamont, 3.17% of households rent, and 48.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lamont is $11,056 per month. Households that rent pay about 11.83% of their income on rent here. Lamont’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Marne, MI: less expensive homes
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- Eastmanville, MI: equally priced homes
- North Blendon, MI: equally priced homes
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- Rusk, MI: less expensive homes
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Cities with Similar Populations
- Lookout, KY: less expensive homes
- Maquon, IL: less expensive homes
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- Manchester, WI: less expensive homes
- Malo, WA: less expensive homes
- Makaha, HI: equally priced homes
- MacDougall, NY: less expensive homes
- Lynx, OH: less expensive homes
- Loves Mill, VA: less expensive homes
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