Similar to the surrounding areas, it's a bit less expensive compared to the entire nation. However compared to the city of Detroit, it is substantially more expensive.
Home prices
The median home value in Lambertville is $182,300. This is about $5,840 (3%) higher compared to its nearby areas.It is about $35,200 (16%) lower compared to the nation as a whole, and compared to the city of Detroit is approximately $133,100 (270%) higher.
Rents
In Lambertville the median monthly rent is $1,004. This is roughly $173 (20%) higher compared to the surrounding areas.In comparison to the rest of the nation it is approximately $58 (5%) lower, and in comparison to the city of Detroit it is approximately $180 (21%) higher.
Nearby places
Toledo
Toledo is Lambertville's neighbor to the south. Its housing prices are a lot less expensive. The median home value in Toledo is $80,800, which comes out to $101,500 (125%) lower than Lambertville. Rents there are significantly less expensive. In Toledo the median rent is $725 per month, which works out to $279 (38%) lower than Lambertville.
Temperance
Temperance is approximately 2 miles northeast from Lambertville. Its real estate prices are somewhat less expensive. The median home in Temperance is valued at $167,600, which is $14,700 (8%) lower than Lambertville. The rent there is a bit less expensive. Temperance's median rent is $853 per month, which works out to $151 (17%) lower than Lambertville.
Sylvania
Sylvania is about 4 miles southwest from Lambertville. The housing prices there are pretty similar. The cost of the median home in Sylvania is $178,800, which is $3,500 (1%) lower than Lambertville. Rent there is somewhat less expensive. Sylvania's median rent is $858 per month, which works out to $146 (17%) lower than Lambertville.
Ottawa Hills
Ottawa Hills is approximately 5 miles south from Lambertville. The housing prices there are a lot more expensive. The median home price in Ottawa Hills is $319,100, which comes out to $136,800 (42%) higher than Lambertville. The rent there is a little more expensive. Ottawa Hills's median monthly rent is $1,338, which works out to $334 (24%) higher than Lambertville.
Luna Pier
Luna Pier is about 8 miles northeast from Lambertville. Its real estate prices are substantially less expensive. The value of the median home in Luna Pier is $136,000, which comes out to $46,300 (34%) lower than Lambertville. Rent there is significantly less expensive. The median monthly rent in Luna Pier is $383, which works out to $621 (162%) lower than Lambertville.
