Similar to the surrounding areas, it is substantially more expensive compared to the United States as a whole. Compared to the city of Seattle however, it's significantly less expensive.
Home prices
Bonney Lake's median home cost is $331,200. Compared to nearby areas it is is very similar.In comparison to the United States as a whole it is roughly $113,700 (52%) higher, and in comparison to the city of Seattle it is roughly $331,900 (50%) lower.
Rents
Bonney Lake's median rent is $1,605 per month. This is approximately $225 (16%) higher compared to nearby areas.In comparison to the rest of the nation it is roughly $543 (51%) higher, and in comparison to the city of Seattle is is very similar.
Nearby places
Alderton
Alderton is Bonney Lake's neighbor to the west. Housing prices there are similar. Alderton's median home price is $325,700, which is $5,500 (1%) lower than Bonney Lake. Its rents are a little less expensive. The median rent in Alderton is $1,477 per month, which comes out to $128 (8%) lower than Bonney Lake.
Prairie Ridge
Prairie Ridge is Bonney Lake's neighbor to the southeast. Its real estate prices are somewhat less expensive. The median home in Prairie Ridge is valued at $273,000, which comes out to $58,200 (21%) lower than Bonney Lake. Its rents are somewhat less expensive. Prairie Ridge's median rent is $1,356 a month, which works out to $249 (18%) lower than Bonney Lake.
Prairie Heights
Prairie Heights is Bonney Lake's neighbor to the southeast. The housing prices there are a bit less expensive. Prairie Heights's median home cost is $290,500, which is $40,700 (14%) lower than Bonney Lake. Rent there is a bit less expensive. Prairie Heights's median monthly rent is $1,349, which works out to $256 (18%) lower than Bonney Lake.
Lake Tapps
Lake Tapps is Bonney Lake's neighbor to the north. The real estate prices there are somewhat more expensive. The median home in Lake Tapps is valued at $431,000, which is $99,800 (23%) higher than Bonney Lake. The rent there is a bit less expensive. In Lake Tapps the median rent is $1,526 a month, which comes out to $79 (5%) lower than Bonney Lake.
Sumner
Sumner is Bonney Lake's neighbor to the northwest. Its real estate prices are similar. Sumner's median home price is $333,000, which is very similar to Bonney Lake. Rents there are a lot less expensive. In Sumner the median rent is $1,194 a month, which is $411 (34%) lower than Bonney Lake.
