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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 $137,429, lower than the Oregon average of $365,363.
The average cost of rent is $640/mo in Summer Lake, primarily driven by the current value of real estate in the Summer Lake area. While nearly 78.57% of residents own their homes outright in Summer Lake, 46.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summer Lake is $4,696 per month. Households that rent pay about 13.62% of their income on rent here. Summer Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Silver Lake, OR: higher priced homes
- Paisley, OR: less expensive homes
- Christmas Valley, OR: higher priced homes
- Fort Rock, OR: higher priced homes
- Beatty, OR: higher priced homes
- Bly, OR: higher priced homes
- Valley Falls, OR: higher priced homes
- Sprague River, OR: higher priced homes
- Diamond Lake Junction, OR: higher priced homes
- New Idaho, OR: higher priced homes
Cities with Similar Populations
- Standardsburg, OH: less expensive homes
- Keldron, SD: less expensive homes
- Spofford, TX: less expensive homes
- Spring Valley Colony, SD: less expensive homes
- St. James, MI: higher priced homes
- St. Joseph, KS: less expensive homes
- St. Mary, IL: higher priced homes
- St. Paul, ND: equally priced homes
- St. Stephens, NE: less expensive homes
- St. Vrain, NM: higher priced homes
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