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Cedar Lake

Learn about the people, housing, costs and businesses in Cedar Lake, Oklahoma

Median Home$168,300
Median Rent$903/month
Population385
Leading IndustriesManufacturing · Agriculture & Mining · Construction6% manufacturing
Home Value Growth⬆⬆+12.5% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners83% of occupied units
Cedar Lake
OK

Frequently Asked Questions

What are today's mortgage rates in Cedar Lake?

As of today, the 30-year fixed mortgage rate for Cedar Lake is approximately 6.935% (6.973% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cedar Lake?

The median home value in Cedar Lake is $168k. The median monthly rent is $903. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cedar Lake?

Home values in Cedar Lake have increased 12.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cedar Lake?

Based on a typical all-in ownership cost of $740/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cedar Lake is $71k/year.

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What industries drive the economy in Cedar Lake?

The largest employment sectors in Cedar Lake are public administration (21%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.