Much like other places in this area, it is substantially more expensive compared to the country as a whole. However it is somewhat less expensive compared to the city of New York.
Home prices
The cost of the median home in Lake Grove is $417,800. It is approximately $21,580 (4%) lower compared to the surrounding areas.In comparison to the nation as a whole it is roughly $200,300 (92%) higher, and it is roughly $188,200 (31%) lower in comparison to the city of New York.
Rents
In Lake Grove the median rent is $1,885 a month. This is is very similar in comparison to nearby areas.It is about $823 (77%) higher in comparison to the entire nation, and is about $442 (30%) higher in comparison to the city of New York.
Nearby places
Centereach
Centereach is Lake Grove's neighbor to the northeast. The real estate prices there are somewhat less expensive. The cost of the median home in Centereach is $346,300, which is $71,500 (20%) lower than Lake Grove. Its rents are similar. Centereach's median rent is $1,956 a month, which works out to $71 (3%) higher than Lake Grove.
Nesconset
Nesconset is Lake Grove's neighbor to the southwest. The housing prices there are a bit more expensive. Nesconset's median home value is $458,500, which comes out to $40,700 (8%) higher than Lake Grove. Rent there is a little more expensive. Nesconset's median monthly rent is $2,282, which comes out to $397 (17%) higher than Lake Grove.
Lake Ronkonkoma
Lake Ronkonkoma is Lake Grove's neighbor to the south. Its housing prices are a bit less expensive. The median home in Lake Ronkonkoma is valued at $366,400, which comes out to $51,400 (14%) lower than Lake Grove. Its rents are somewhat less expensive. Lake Ronkonkoma's median rent is $1,693 a month, which is $192 (11%) lower than Lake Grove.
St. James
St. James is Lake Grove's neighbor to the northwest. Real estate prices there are a bit more expensive. The median home in St. James is valued at $459,600, which works out to $41,800 (9%) higher than Lake Grove. Its rents are fairly similar. The median monthly rent in St. James is $1,808, which is $77 (4%) lower than Lake Grove.
Village of the Branch
Village of the Branch is about 3 miles west from Lake Grove. The housing prices there are somewhat more expensive. The value of the median home in Village of the Branch is $566,100, which is $148,300 (26%) higher than Lake Grove. Rent there is somewhat less expensive. Village of the Branch's median monthly rent is $1,774, which is $111 (6%) lower than Lake Grove.
