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Lake Hughes

Learn about the people, housing, costs and businesses in Lake Hughes, California

Median Home$656,736
Median Rent$1,619/month
Population506
Leading IndustriesProfessional Services · Transportation · Arts, Food & Hospitality5% professional services
Home Value Growth+2.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners53% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
NotableHigh Incomes$85k/year · top 30% nationally
Lake Hughes
CA

Frequently Asked Questions

What are today's mortgage rates in Lake Hughes?

As of today, the 30-year fixed mortgage rate for Lake Hughes is approximately 6.891% (6.927% 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 Lake Hughes?

The median home value in Lake Hughes is $657k. The median monthly rent is $1,619. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Hughes?

Home values in Lake Hughes have increased 2.0% over the past two years. The market has been relatively stable. 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 Lake Hughes?

Based on a typical all-in ownership cost of $1,849/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Hughes is $85k/year.

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What industries drive the economy in Lake Hughes?

The largest employment sectors in Lake Hughes are public administration (17%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.