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These days, finding an affordable place to live in the Lorella area can be challenging. Home prices in Lorella are now at a median cost of $271,816, lower than the Oregon average of $502,078.
The average cost of rent is $889/mo in Lorella, primarily driven by the current value of real estate in the Lorella area. In Lorella, 23.48% of households rent, and 69.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lorella is $5,609 per month. Households that rent pay about 15.86% of their income on rent here. Lorella’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bonanza, OR: equally priced homes
- Malin, OR: equally priced homes
- Yonna, OR: equally priced homes
- Dairy, OR: equally priced homes
- Hildebrand, OR: equally priced homes
- Tulelake, CA: less expensive homes
- Merrill, OR: equally priced homes
- Olene, OR: higher priced homes
- Bly, OR: equally priced homes
- Lake of the Woods, OR: higher priced homes
Cities with Similar Populations
- Flint, WV: less expensive homes
- Freedom, OK: less expensive homes
- Frazier, MO: higher priced homes
- Franklin, IA: less expensive homes
- Frankfort, AL: less expensive homes
- Fortune Lake, MI: less expensive homes
- Fort Lynn, AR: less expensive homes
- Forester, MI: less expensive homes
- Forbes, MN: less expensive homes
- Fomby, AR: less expensive homes
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