Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lares area can be challenging. Home prices in Lares are now at a median cost of $95,061, lower than the Puerto Rico average of $121,319.
The average cost of rent is $467/mo in Lares, primarily driven by the current value of real estate in the Lares area. While nearly 77.61% of residents own their homes outright in Lares, 31.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lares is $1,496 per month. Households that rent pay about 31.22% of their income on rent here. Lares's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Angeles, PR: equally priced homes
- San Sebastian, PR: equally priced homes
- San Francisco, PR: less expensive homes
- Quebradillas, PR: equally priced homes
- Las Marias, PR: equally priced homes
- Camuy, PR: equally priced homes
- Hato Viejo, PR: less expensive homes
- Hatillo, PR: higher priced homes
- Utuado, PR: equally priced homes
- Arecibo, PR: equally priced homes
Cities with Similar Populations
- Allen Park, MI: higher priced homes
- Ardmore, OK: higher priced homes
- Arroyo Grande, CA: higher priced homes
- Asbury Park, NJ: higher priced homes
- Aubrey, TX: higher priced homes
- Puerto Real, PR: higher priced homes
- Oak Park, MI: higher priced homes
- Oak Ridge, FL: higher priced homes
- Okemos, MI: higher priced homes
- Oxford, OH: higher priced homes
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