Home Price Key
Affordable
Average
Expensive
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 $562,023, lower than the California average of $648,235.
The average cost of rent is $1,212/mo in Mammoth Lakes, primarily driven by the current value of real estate in the Mammoth Lakes area. While nearly 24.64% of residents own their homes outright in Mammoth Lakes, 35.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mammoth Lakes is $6,605 per month. Households that rent pay about 18.35% of their income on rent here. Mammoth Lakes's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
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