Much like its nearby areas, it's significantly more expensive compared to the rest of the country. Compared to the city of Los Angeles, it's close to average.
Home prices
Lake Forest's median home value is $647,500. This is approximately $9,640 (1%) higher compared to other places in this area.In comparison to the entire country it is approximately $430,000 (197%) higher, and is roughly $10,600 (1%) higher in comparison to the city of Los Angeles.
Rents
The median monthly rent in Lake Forest is $2,025. It is roughly $91 (4%) lower compared to other places in this area.It is roughly $963 (90%) higher in comparison to the rest of the nation, and compared to the city of Los Angeles is approximately $575 (39%) higher.
Nearby places
Mission Viejo
Mission Viejo is Lake Forest's neighbor to the south. Real estate prices there are a bit more expensive. The value of the median home in Mission Viejo is $693,000, which comes out to $45,500 (6%) higher than Lake Forest. Rents there are a little more expensive. Mission Viejo's median monthly rent is $2,267, which comes out to $242 (10%) higher than Lake Forest.
Laguna Hills
Laguna Hills is Lake Forest's neighbor to the south. The housing prices there are a bit more expensive. Laguna Hills's median home cost is $707,700, which is $60,200 (8%) higher than Lake Forest. The rent there is similar. Laguna Hills's median rent is $2,111 per month, which is $86 (4%) higher than Lake Forest.
Irvine
Irvine is Lake Forest's neighbor to the west. Its housing prices are somewhat more expensive. The median home in Irvine is valued at $838,000, which works out to $190,500 (22%) higher than Lake Forest. The rent there is a bit more expensive. Irvine's median rent is $2,361 a month, which comes out to $336 (14%) higher than Lake Forest.
Rancho Santa Margarita
Rancho Santa Margarita is about 4 miles southeast of Lake Forest. The housing prices there are similar. The median home in Rancho Santa Margarita is valued at $662,200, which works out to $14,700 (2%) higher than Lake Forest. The rent there is pretty similar. In Rancho Santa Margarita the median monthly rent is $2,084, which works out to $59 (2%) higher than Lake Forest.
Laguna Woods
Laguna Woods is about 4 miles southwest of Lake Forest. Real estate prices there are a lot less expensive. The median home value in Laguna Woods is $288,400, which is $359,100 (124%) lower than Lake Forest. Rents there are a bit less expensive. Laguna Woods's median monthly rent is $1,755, which is $270 (15%) lower than Lake Forest.
