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These days, finding an affordable place to live in the Summer Lake area can be challenging. Home prices in Summer Lake are now at a median cost of $248,408, lower than the Oregon average of $502,078.
The average cost of rent is $622/mo in Summer Lake, primarily driven by the current value of real estate in the Summer Lake area. In Summer Lake, 36.27% of households rent, and 65.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summer Lake is $5,325 per month. Households that rent pay about 11.68% of their income on rent here. Summer 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
- Silver Lake, OR: less expensive homes
- Paisley, OR: equally priced homes
- Christmas Valley, OR: less expensive homes
- Fort Rock, OR: less expensive homes
- Beatty, OR: equally priced homes
- Bly, OR: higher priced homes
- Valley Falls, OR: higher priced homes
- Sprague River, OR: equally priced homes
- Diamond Lake Junction, OR: less expensive homes
- New Idaho, OR: higher priced homes
Cities with Similar Populations
- Standardsburg, OH: less expensive homes
- Keldron, SD: less expensive homes
- Spofford, TX: equally priced homes
- Spring Valley Colony, SD: less expensive homes
- St. James, MI: higher priced homes
- St. Joseph, KS: less expensive homes
- St. Mary, IL: equally priced homes
- St. Paul, ND: less expensive homes
- St. Stephens, NE: less expensive homes
- St. Vrain, NM: higher priced homes
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