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Affordable
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These days, finding an affordable place to live in the Mammoth Lakes area can be challenging. Home prices in Mammoth Lakes are now at a median cost of $828,412, higher than the California average of $812,006.
The average cost of rent is $1,422/mo in Mammoth Lakes, primarily driven by the current value of real estate in the Mammoth Lakes area. In Mammoth Lakes, 39.54% of households rent, and 35.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mammoth Lakes is $9,341 per month. Households that rent pay about 15.22% of their income on rent here. Mammoth Lakes’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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