Home prices
The median home value in Lake Arbor is $315,600. This is roughly $20,840 (7%) higher in comparison to its nearby areas.Compared to the rest of the country it is about $98,100 (45%) higher, and compared to the city of Washington is approximately $285,900 (47%) lower.
Rents
Lake Arbor's median monthly rent is $1,845. This is about $96 (5%) higher compared to its nearby areas.In comparison to the rest of the country it is roughly $783 (73%) higher, and in comparison to the city of Washington it is approximately $304 (19%) higher.
Nearby places
Summerfield
Summerfield is Lake Arbor's neighbor to the west. Real estate prices there are a little less expensive. The median home in Summerfield costs $257,700, which comes out to $57,900 (22%) lower than Lake Arbor. Its rents are a little less expensive. Summerfield's median monthly rent is $1,752, which comes out to $93 (5%) lower than Lake Arbor.
Largo
Largo is Lake Arbor's neighbor to the south. Its housing prices are somewhat less expensive. The median home in Largo is valued at $283,900, which is $31,700 (11%) lower than Lake Arbor. Its rents are a bit less expensive. The median monthly rent in Largo is $1,690, which comes out to $155 (9%) lower than Lake Arbor.
Mitchellville
Mitchellville is Lake Arbor's neighbor to the north. Its real estate prices are a little more expensive. The cost of the median home in Mitchellville is $354,300, which works out to $38,700 (10%) higher than Lake Arbor. Its rents are somewhat more expensive. In Mitchellville the median rent is $2,175 a month, which is $330 (15%) higher than Lake Arbor.
Kettering
Kettering is Lake Arbor's neighbor to the southeast. Housing prices there are similar. Kettering's median home cost is $301,500, which works out to $14,100 (4%) lower than Lake Arbor. Rent there is similar. Kettering's median rent is $1,811 per month, which works out to $34 (1%) lower than Lake Arbor.
Glenarden
Glenarden is about 2 miles northwest of Lake Arbor. Its housing prices are a little less expensive. The median home value in Glenarden is $276,400, which comes out to $39,200 (14%) lower than Lake Arbor. Rent there is significantly less expensive. In Glenarden the median rent is $1,316 per month, which works out to $529 (40%) lower than Lake Arbor.
