Much like its surrounding areas, it is significantly less expensive compared to the country as a whole. However it's somewhat less expensive compared to the city of Hagerstown.
Home prices
The price of the median home in Lakemont is $124,400. In comparison to its surrounding areas it is about $5,600 (4%) higher.It is approximately $93,100 (42%) lower in comparison to the nation as a whole, and in comparison to the city of Hagerstown is approximately $31,300 (20%) lower.
Rents
In Lakemont the median rent is $808 per month. It is approximately $38 (4%) higher compared to its nearby areas.Compared to the nation as a whole it is approximately $254 (23%) lower, and it is roughly $24 (2%) lower compared to the city of Hagerstown.
Nearby places
Hollidaysburg
Hollidaysburg is Lakemont's neighbor to the south. Housing prices there are a little more expensive. The median home price in Hollidaysburg is $159,200, which comes out to $34,800 (21%) higher than Lakemont. Rent there is a bit less expensive. In Hollidaysburg the median rent is $750 a month, which comes out to $58 (7%) lower than Lakemont.
Altoona
Altoona is Lakemont's neighbor to the north. The real estate prices there are substantially less expensive. The median home in Altoona costs $88,500, which is $35,900 (40%) lower than Lakemont. Its rents are somewhat less expensive. Altoona's median rent is $697 a month, which comes out to $111 (15%) lower than Lakemont.
Duncansville
Duncansville is about 3 miles southwest from Lakemont. The real estate prices there are a bit less expensive. Duncansville's median home price is $117,000, which is $7,400 (6%) lower than Lakemont. Rent there is fairly similar. In Duncansville the median rent is $808 per month, which is very similar to Lakemont.
Foot of Ten
Foot of Ten is approximately 4 miles southwest of Lakemont. The real estate prices there are somewhat less expensive. The cost of the median home in Foot of Ten is $107,400, which is $17,000 (15%) lower than Lakemont. Rents there are a little less expensive. The median rent in Foot of Ten is $688 a month, which works out to $120 (17%) lower than Lakemont.
Greenwood
Greenwood is roughly 4 miles north of Lakemont. The housing prices there are pretty similar. The median home in Greenwood is valued at $121,900, which comes out to $2,500 (2%) lower than Lakemont. Its rents are a bit more expensive. In Greenwood the median monthly rent is $908, which comes out to $100 (11%) higher than Lakemont.
