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These days, finding an affordable place to live in the Mohegan Lake area can be challenging. Home prices in Mohegan Lake are now at a median cost of $533,871, lower than the New York average of $610,895.
The average cost of rent is $2,041/mo in Mohegan Lake, primarily driven by the current value of real estate in the Mohegan Lake area. In Mohegan Lake, 26.42% of households rent, and 37.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mohegan Lake is $12,841 per month. Households that rent pay about 15.89% of their income on rent here. Mohegan Lake’s most expensive areas are in the eastern 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.
Nearby Cities
- Lake Mohegan, NY: equally priced homes
- Cortlandt Manor, NY: equally priced homes
- Shrub Oak, NY: equally priced homes
- Lake Peekskill, NY: less expensive homes
- Peekskill, NY: less expensive homes
- Jefferson Valley-Yorktown, NY: higher priced homes
- Jefferson Valley, NY: less expensive homes
- Cortlandt, NY: less expensive homes
- Garrison, NY: higher priced homes
- Yorktown Heights, NY: higher priced homes
Cities with Similar Populations
- Port Monmouth, NJ: equally priced homes
- Robbins, IL: less expensive homes
- Rio Bravo, TX: less expensive homes
- Poca, WV: less expensive homes
- Quitman, MS: less expensive homes
- Reddick, FL: less expensive homes
- Roaring Spring, PA: less expensive homes
- Reedsville, PA: less expensive homes
- Putney, VT: less expensive homes
- Starr, SC: less expensive homes
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