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These days, finding an affordable place to live in the Long Lake area can be challenging. Home prices in Long Lake are now at a median cost of $474,209, higher than the Minnesota average of $345,793.
The average cost of rent is $1,872/mo in Long Lake, primarily driven by the current value of real estate in the Long Lake area. In Long Lake, 24.85% of households rent, and 34.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Long Lake is $9,658 per month. Households that rent pay about 19.39% of their income on rent here. Long Lake’s most expensive areas are in the southeastern 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
- Orono, MN: higher priced homes
- Wayzata, MN: higher priced homes
- Minnetonka Beach, MN: higher priced homes
- Woodland, MN: higher priced homes
- Medina, MN: higher priced homes
- Deephaven, MN: higher priced homes
- Spring Park, MN: higher priced homes
- Tonka Bay, MN: higher priced homes
- Maple Plain, MN: less expensive homes
- Greenwood, MN: higher priced homes
Cities with Similar Populations
- Milford, WY: less expensive homes
- Roman Forest, TX: less expensive homes
- Paragon, IN: less expensive homes
- Palmyra, TN: less expensive homes
- Oakfield, TN: less expensive homes
- New Berlin, IL: less expensive homes
- Neligh, NE: less expensive homes
- Millwood, WA: less expensive homes
- Millville, DE: higher priced homes
- Millerton, PA: less expensive homes
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