Home prices
The median home in Lake City costs $169,600. In comparison to nearby areas this is roughly $36,400 (27%) higher.Compared to the rest of the nation it is about $47,900 (22%) lower, and in comparison to the city of Minneapolis it is roughly $82,000 (32%) lower.
Rents
The median rent in Lake City is $845 a month. In comparison to other places in this area it is roughly $111 (15%) higher.It is approximately $217 (20%) lower in comparison to the United States as a whole, and compared to the city of Minneapolis is roughly $182 (17%) lower.
Nearby places
Pepin
Pepin is about 5 miles east from Lake City. The housing prices there are somewhat less expensive. The median home value in Pepin is $133,200, which comes out to $36,400 (27%) lower than Lake City. Rents there are a bit less expensive. Pepin's median rent is $711 per month, which works out to $134 (18%) lower than Lake City.
Bellechester
Bellechester is approximately 10 miles southwest of Lake City. Housing prices there are a lot less expensive. The cost of the median home in Bellechester is $119,400, which works out to $50,200 (42%) lower than Lake City. Its rents are a little more expensive. Bellechester's median monthly rent is $955, which is $110 (11%) higher than Lake City.
Wabasha
Wabasha is approximately 11 miles southeast from Lake City. Real estate prices there are fairly similar. The price of the median home in Wabasha is $165,000, which is $4,600 (2%) lower than Lake City. Rents there are somewhat less expensive. The median monthly rent in Wabasha is $696, which works out to $149 (21%) lower than Lake City.
Nelson
Nelson is roughly 11 miles east from Lake City. Housing prices there are a lot less expensive. The value of the median home in Nelson is $123,000, which is $46,600 (37%) lower than Lake City. Its rents are a lot less expensive. Nelson's median monthly rent is $581, which comes out to $264 (45%) lower than Lake City.
Bay City
Bay City is approximately 11 miles northwest of Lake City. Its housing prices are substantially less expensive. The median home in Bay City is valued at $125,400, which comes out to $44,200 (35%) lower than Lake City. Its rents are somewhat less expensive. The median rent in Bay City is $729 per month, which comes out to $116 (15%) lower than Lake City.
