Much like other places in this area, it's significantly more expensive compared to the nation as a whole. Compared to the city of Washington however, it's a lot less expensive.
Home prices
The median home cost in Lake Shore is $382,500. It is approximately $7,980 (2%) lower in comparison to other places in this area.It is about $165,000 (75%) higher in comparison to the entire nation, and in comparison to the city of Washington it is approximately $219,000 (36%) lower.
Rents
The median monthly rent in Lake Shore is $1,737. In comparison to its nearby areas this is roughly $29 (1%) lower.Compared to the nation as a whole it is roughly $675 (63%) higher, and compared to the city of Washington is approximately $196 (12%) higher.
Nearby places
Severna Park
Severna Park is Lake Shore's neighbor to the west. The real estate prices there are somewhat more expensive. The median home value in Severna Park is $546,800, which is $164,300 (30%) higher than Lake Shore. Rents there are similar. In Severna Park the median rent is $1,744 per month, which is very similar to Lake Shore.
Arnold
Arnold is Lake Shore's neighbor to the south. The real estate prices there are somewhat more expensive. The median home value in Arnold is $441,300, which works out to $58,800 (13%) higher than Lake Shore. Rent there is somewhat more expensive. Arnold's median rent is $1,927 a month, which is $190 (9%) higher than Lake Shore.
Pasadena
Pasadena is Lake Shore's neighbor to the northwest. Real estate prices there are somewhat less expensive. Pasadena's median home cost is $314,400, which works out to $68,100 (21%) lower than Lake Shore. The rent there is fairly similar. Pasadena's median monthly rent is $1,792, which works out to $55 (3%) higher than Lake Shore.
Riviera Beach
Riviera Beach is about 4 miles northwest from Lake Shore. The housing prices there are a lot less expensive. The median home in Riviera Beach is valued at $268,100, which comes out to $114,400 (42%) lower than Lake Shore. Rents there are similar. The median rent in Riviera Beach is $1,801 a month, which works out to $64 (3%) higher than Lake Shore.
Cape St. Claire
Cape St. Claire is roughly 4 miles southeast from Lake Shore. Real estate prices there are pretty similar. Cape St. Claire's median home cost is $381,800, which is very similar to Lake Shore. Rents there are a little less expensive. Cape St. Claire's median monthly rent is $1,564, which comes out to $173 (11%) lower than Lake Shore.
