Similar to its surrounding areas, it's substantially less expensive compared to the rest of the country. Compared to the city of Jackson however, it is a little less expensive.
Home prices
The median home in Lake is valued at $72,500. In comparison to nearby areas this is about $2,240 (2%) lower.In comparison to the United States as a whole it is roughly $145,000 (66%) lower, and in comparison to the city of Jackson it is about $18,200 (20%) lower.
Rents
The median monthly rent in Lake is $594. In comparison to its nearby areas this is approximately $18 (2%) lower.Compared to the entire country it is approximately $468 (44%) lower, and it is about $253 (29%) lower compared to the city of Jackson.
Nearby places
Forest
Forest is about 7 miles west of Lake. Its housing prices are a little more expensive. Forest's median home value is $77,200, which is $4,700 (6%) higher than Lake. Rents there are a little more expensive. Forest's median rent is $707 per month, which is $113 (15%) higher than Lake.
Newton
Newton is roughly 9 miles east from Lake. The housing prices there are fairly similar. The median home price in Newton is $74,500, which comes out to $2,000 (2%) higher than Lake. Rent there is somewhat more expensive. The median rent in Newton is $670 a month, which comes out to $76 (11%) higher than Lake.
Conehatta
Conehatta is approximately 9 miles north from Lake. Its real estate prices are substantially less expensive. The median home in Conehatta costs $50,700, which works out to $21,800 (42%) lower than Lake. Rent there is a bit more expensive. The median monthly rent in Conehatta is $754, which comes out to $160 (21%) higher than Lake.
Decatur
Decatur is approximately 13 miles northeast from Lake. Its housing prices are somewhat more expensive. The median home in Decatur is valued at $106,300, which comes out to $33,800 (31%) higher than Lake. Rents there are a bit less expensive. In Decatur the median monthly rent is $540, which is $54 (10%) lower than Lake.
Hickory
Hickory is approximately 16 miles east from Lake. Its housing prices are somewhat less expensive. The median home cost in Hickory is $65,000, which is $7,500 (11%) lower than Lake. The rent there is substantially less expensive. The median monthly rent in Hickory is $387, which comes out to $207 (53%) lower than Lake.
