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Affordable
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These days, finding an affordable place to live in the Medical Lake area can be challenging. Home prices in Medical Lake are now at a median cost of $389,110, lower than the Washington average of $621,115.
The average cost of rent is $958/mo in Medical Lake, primarily driven by the current value of real estate in the Medical Lake area. In Medical Lake, 25.98% of households rent, and 29.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medical Lake is $7,268 per month. Households that rent pay about 13.18% of their income on rent here. Medical Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fairchild AFB, WA: equally priced homes
- Espanola, WA: less expensive homes
- Lakeland Village, WA: equally priced homes
- Four Lakes, WA: higher priced homes
- Fairchild Air Force Base, WA: higher priced homes
- Airway Heights, WA: less expensive homes
- Cheney, WA: higher priced homes
- Waukon, WA: less expensive homes
- Reardan, WA: less expensive homes
- Tyler, WA: less expensive homes
Cities with Similar Populations
- Oakdale, LA: less expensive homes
- Odessa, MO: less expensive homes
- Odenville, AL: less expensive homes
- Oceano, CA: higher priced homes
- Ocean View, DE: higher priced homes
- Ocean Isle Beach, NC: higher priced homes
- Ocean City, MD: higher priced homes
- Oakmont, PA: equally priced homes
- Oakland, MI: higher priced homes
- Oakhurst, CA: equally priced homes
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