Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lorenz Park area can be challenging. Home prices in Lorenz Park are now at a median cost of $258,399, lower than the New York average of $481,023.
The average cost of rent is $1,093/mo in Lorenz Park, primarily driven by the current value of real estate in the Lorenz Park area. While nearly 47.16% of residents own their homes outright in Lorenz Park, 26.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lorenz Park is $6,214 per month. Households that rent pay about 17.58% of their income on rent here. Lorenz Park's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
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