Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lonoak area can be challenging. Home prices in Lonoak are now at a median cost of $588,580, lower than the California average of $648,235.
The average cost of rent is $1,221/mo in Lonoak, primarily driven by the current value of real estate in the Lonoak area. While nearly 48.29% of residents own their homes outright in Lonoak, 48.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lonoak is $7,243 per month. Households that rent pay about 16.86% of their income on rent here. Lonoak's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
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