Home prices
The median home in Lake Lorraine costs $273,000. Compared to other places in this area this is approximately $57,580 (26%) higher.It is approximately $55,500 (25%) higher in comparison to the rest of the nation, and compared to the city of Pensacola is approximately $90,200 (49%) higher.
Rents
Lake Lorraine's median monthly rent is $1,171. It is roughly $47 (4%) higher in comparison to the surrounding areas.It is about $109 (10%) higher compared to the US as a whole, and it is about $217 (22%) higher in comparison to the city of Pensacola.
Nearby places
Shalimar
Shalimar is Lake Lorraine's neighbor to the west. The housing prices there are a little more expensive. The median home price in Shalimar is $312,200, which is $39,200 (12%) higher than Lake Lorraine. The rent there is a bit more expensive. Shalimar's median rent is $1,517 a month, which comes out to $346 (22%) higher than Lake Lorraine.
Ocean City
Ocean City is about 2 miles west of Lake Lorraine. Housing prices there are a lot less expensive. The median home in Ocean City costs $174,800, which works out to $98,200 (56%) lower than Lake Lorraine. Its rents are somewhat less expensive. In Ocean City the median monthly rent is $947, which works out to $224 (23%) lower than Lake Lorraine.
Cinco Bayou
Cinco Bayou is about 2 miles southwest from Lake Lorraine. The real estate prices there are a bit less expensive. The median home in Cinco Bayou is valued at $235,700, which is $37,300 (15%) lower than Lake Lorraine. Rent there is a bit less expensive. In Cinco Bayou the median rent is $1,105 per month, which is $66 (5%) lower than Lake Lorraine.
Fort Walton Beach
Fort Walton Beach is about 3 miles southwest of Lake Lorraine. The real estate prices there are significantly less expensive. Fort Walton Beach's median home cost is $185,900, which is $87,100 (46%) lower than Lake Lorraine. Its rents are a little less expensive. The median monthly rent in Fort Walton Beach is $988, which works out to $183 (18%) lower than Lake Lorraine.
Wright
Wright is roughly 4 miles west from Lake Lorraine. Its housing prices are substantially less expensive. Wright's median home value is $168,500, which is $104,500 (62%) lower than Lake Lorraine. Its rents are a bit less expensive. The median rent in Wright is $1,064 per month, which works out to $107 (10%) lower than Lake Lorraine.
