Ohio has two of the most affordable lake towns in the US, new ranking shows. See where
Lake homes are extremely sought after because of their laid-back atmosphere, beautiful views and endless fun.
However, the cost might deter the average buyer from living their dream in a lake home.
But there’s still good news: not all lake towns will break the bank. Go Banking Rates compiled a list of the most affordable lake towns in America. The even better news? Two Ohio towns made the list. Here’s what to know:
Which lake towns are the most affordable in Ohio?
According to Go Banking Rates, Lorain and Ashtabula in Ohio are extremely affordable lake towns.
In Lorain, the monthly cost of living is around $2,600 and the average single-family home value is around $151,000. To afford this lifestyle, folks need a median household income of about $45,800. And with mortgage costs around $900 a month, Lorain is one of the most affordable lake towns in America.
However, Ashtabula in Ohio is even more affordable.
With mortgage costs around $820 a month and the monthly cost of living at about $2,500, this lake town was ranked the second most affordable in the country. To afford this lake life, residents need a median household income of at least $43,700.
So, what other lake towns made the list?
Other lake towns on the list are:
- Grenada, Mississippi
- Morgan City, Louisiana
- Muskogee, Oklahoma
- Corinth, Mississippi
- Michigan City, Indiana
What do you think of this ranking? Let me know in the comments or email me at cmadden@mcclatchy.com
