The Most Affordable Neighborhoods in Lopez Island, WA by Home Value

 

Lopez Island, WA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lopez Island area can be challenging. Home prices in Lopez Island are now at a median cost of $521,600, higher than the Washington average of $453,663.

The average cost of rent is $1,261/mo in Lopez Island, primarily driven by the current value of real estate in the Lopez Island area. While nearly 56.32% of residents own their homes outright in Lopez Island, 17.67% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lopez Island is $5,677 per month. Households that rent pay about 22.21% of their income on rent here. Lopez Island's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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