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Affordable
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These days, finding an affordable place to live in the Red Lake area can be challenging. Home prices in Red Lake are now at a median cost of $68,100, lower than the Arizona average of $421,436.
The average cost of rent is $694/mo in Red Lake, primarily driven by the current value of real estate in the Red Lake area. In Red Lake, 23.53% of households rent, and 96.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Lake is $3,080 per month. Households that rent pay about 22.53% of their income on rent here. Red Lake’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tonalea, AZ: equally priced homes
- Moenave, AZ: less expensive homes
- Rough Rock, AZ: less expensive homes
- Many Farms, AZ: less expensive homes
- Lukachukai, AZ: less expensive homes
- Upper Wheatfields, AZ: less expensive homes
- Tsaile, AZ: less expensive homes
- Wheatfields, AZ: less expensive homes
- Sanostee, NM: less expensive homes
- Toadlena, NM: less expensive homes
Cities with Similar Populations
- Locust, TX: higher priced homes
- Maplewood, NY: higher priced homes
- Mapleton, OR: higher priced homes
- Manila, UT: higher priced homes
- Mac, KY: higher priced homes
- Lower Peach Tree, AL: equally priced homes
- Loretto Road, PA: higher priced homes
- Loraine, IL: higher priced homes
- Loom, WV: higher priced homes
- Martelle, IA: higher priced homes
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