Much like other places in this area, it's a lot more expensive compared to the country as a whole. However compared to the city of New York, it's significantly less expensive.
Home prices
The median home value in Lake Mohegan is $371,400. Compared to other places in this area this is about $10,720 (2%) lower.Compared to the United States as a whole it is approximately $153,900 (70%) higher, and is approximately $234,600 (38%) lower in comparison to the city of New York.
Rents
In Lake Mohegan the median monthly rent is $2,089. In comparison to its nearby areas this is approximately $296 (16%) higher.It is approximately $1,027 (96%) higher compared to the rest of the nation, and in comparison to the city of New York is roughly $646 (44%) higher.
Nearby places
Shrub Oak
Shrub Oak is Lake Mohegan's neighbor to the northeast. Its housing prices are a little less expensive. Shrub Oak's median home value is $347,800, which comes out to $23,600 (6%) lower than Lake Mohegan. The rent there is a little less expensive. Shrub Oak's median monthly rent is $1,799, which comes out to $290 (16%) lower than Lake Mohegan.
Crompond
Crompond is Lake Mohegan's neighbor to the south. Real estate prices there are a bit more expensive. Crompond's median home cost is $490,300, which is $118,900 (24%) higher than Lake Mohegan. Rent there is similar. The median monthly rent in Crompond is $2,125, which works out to $36 (1%) higher than Lake Mohegan.
Peekskill
Peekskill is approximately 3 miles southwest from Lake Mohegan. Real estate prices there are a little less expensive. The cost of the median home in Peekskill is $294,100, which is $77,300 (26%) lower than Lake Mohegan. The rent there is substantially less expensive. Peekskill's median monthly rent is $1,407, which comes out to $682 (48%) lower than Lake Mohegan.
Shenorock
Shenorock is approximately 4 miles east from Lake Mohegan. Its real estate prices are fairly similar. The median home in Shenorock costs $381,000, which works out to $9,600 (2%) higher than Lake Mohegan. Rent there is a little less expensive. In Shenorock the median monthly rent is $1,795, which is $294 (16%) lower than Lake Mohegan.
Lincolndale
Lincolndale is approximately 5 miles east of Lake Mohegan. The housing prices there are somewhat more expensive. The median home in Lincolndale is valued at $397,400, which works out to $26,000 (6%) higher than Lake Mohegan. The rent there is a bit less expensive. The median rent in Lincolndale is $1,840 per month, which works out to $249 (13%) lower than Lake Mohegan.
