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Affordable
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These days, finding an affordable place to live in the Lower Grand Lagoon area can be challenging. Home prices in Lower Grand Lagoon are now at a median cost of $409,535, higher than the Florida average of $396,783.
The average cost of rent is $1,347/mo in Lower Grand Lagoon, primarily driven by the current value of real estate in the Lower Grand Lagoon area. In Lower Grand Lagoon, 29.20% of households rent, and 53.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lower Grand Lagoon is $6,693 per month. Households that rent pay about 20.13% of their income on rent here. Lower Grand Lagoon’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Upper Grand Lagoon, FL: equally priced homes
- West Bay, FL: equally priced homes
- Pretty Bayou, FL: less expensive homes
- Panama City Beach, FL: equally priced homes
- Panama City, FL: less expensive homes
- Lynn Haven, FL: less expensive homes
- Springfield, FL: less expensive homes
- Tyndall AFB, FL: less expensive homes
- Parker, FL: less expensive homes
- Callaway, FL: less expensive homes
Cities with Similar Populations
- Six Mile, SC: equally priced homes
- Big Pine Key, FL: higher priced homes
- Otisville, MI: less expensive homes
- Minster, OH: less expensive homes
- Marmora, NJ: equally priced homes
- Atoka, OK: less expensive homes
- Westby, WI: less expensive homes
- Sandusky, MI: less expensive homes
- Nassau, NY: less expensive homes
- French Camp, CA: higher priced homes
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