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These days, finding an affordable place to live in the Loraine area can be challenging. Home prices in Loraine are now at a median cost of $237,860, lower than the California average of $812,006.
The average cost of rent is $1,352/mo in Loraine, primarily driven by the current value of real estate in the Loraine area. In Loraine, 16.34% of households rent, and 63.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loraine is $5,478 per month. Households that rent pay about 24.68% of their income on rent here. Loraine’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Caliente, CA: higher priced homes
- Havilah, CA: higher priced homes
- Keene, CA: higher priced homes
- Cantil, CA: less expensive homes
- Di Giorgio, CA: higher priced homes
- Edmundson Acres, CA: equally priced homes
- Edison, CA: higher priced homes
- Arvin, CA: equally priced homes
- Cawelo, CA: higher priced homes
- Lamont, CA: less expensive homes
Cities with Similar Populations
- Unionville, MD: higher priced homes
- Coulwood, VA: less expensive homes
- Covert, NY: equally priced homes
- Covington, NC: less expensive homes
- Cowlington, OK: less expensive homes
- Criders, VA: equally priced homes
- Tracy, IA: less expensive homes
- Trask, MO: less expensive homes
- Troutville, PA: less expensive homes
- Twin Buttes, ND: higher priced homes
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