Lake Charles, LA
Calcasieu County · Pop. 82,529
Ranked #18 of 243 cities
58Moderate
Median Home Price
🏠$180K
2.0% YoY
Median Rent
🔑$950
1.5% YoY
Median Income
💰$42K
Rent Burden
📊29.0%
% of income to rent
Income to Buy
🏦$52K
annual income needed
Income to Rent
📝$38K
annual income needed
Price-to-Income
⚖️4.3x
Homeownership
🏡56.0%
Rent vs. Buy
Buy
$958/mo
Est. mortgage (7%, 20% down)
Need $52K/yr income
Rent
$950/mo
Median rent
Need $38K/yr income
How Lake Charles Compares
| Metric | Lake Charles | Louisiana | National |
|---|---|---|---|
| Home Price | $180K | $216K | $410K |
| Rent | $950 | $1,020 | $1,500 |
| Income | $42K | $58K | $75K |
| Rent Burden | 29.0% | 31.5% | 30.0% |
Key Takeaways
- • Home prices in Lake Charles are 56% lower than the national average.
- • Rent is 37% lower than the national average.
- • You need an income of $52K to comfortably buy a home here.
- • The homeownership rate is 56.0%, compared to 65.0% nationally.