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Affordable
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These days, finding an affordable place to live in the Soap Lake area can be challenging. Home prices in Soap Lake are now at a median cost of $240,306, lower than the Washington average of $621,115.
The average cost of rent is $875/mo in Soap Lake, primarily driven by the current value of real estate in the Soap Lake area. In Soap Lake, 31.46% of households rent, and 52.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Soap Lake is $4,812 per month. Households that rent pay about 18.18% of their income on rent here. Soap Lake’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lakeview Park, WA: equally priced homes
- Adrian, WA: higher priced homes
- Ephrata, WA: higher priced homes
- Stratford, WA: higher priced homes
- Moses Lake North, WA: higher priced homes
- Winchester, WA: higher priced homes
- Wilson Creek, WA: higher priced homes
- Coulee City, WA: equally priced homes
- Moses Lake, WA: higher priced homes
- Farmer, WA: higher priced homes
Cities with Similar Populations
- Troutville, VA: higher priced homes
- Troy, VA: higher priced homes
- Eglin Afb, FL: higher priced homes
- Elizabeth, IN: equally priced homes
- Seat Pleasant, MD: higher priced homes
- Eleva, WI: higher priced homes
- Sebring, OH: less expensive homes
- El Lago, TX: higher priced homes
- El Granada, CA: higher priced homes
- Ekron, KY: less expensive homes
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