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Lake View

Learn about the people, housing, costs and businesses in Lake View, Alabama

Median Home$277,268
Median Rent$976/month
Population3,530
Leading IndustriesManufacturing · Education · Transportation2% manufacturing
Home Value Growth+5.5% over 2 years
Young Adults27% of residentsnear the national average
Homeowners88% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Lake View
AL

Frequently Asked Questions

What are today's mortgage rates in Lake View?

As of today, the 30-year fixed mortgage rate for Lake View is approximately 6.991% (7.031% 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 View?

The median home value in Lake View is $277k. The median monthly rent is $976. Annual property taxes average $734. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake View?

Home values in Lake View have increased 5.5% over the past two years. This represents moderate growth. 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 View?

Based on a typical all-in ownership cost of $1,181/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake View is $86k/year.

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What industries drive the economy in Lake View?

The largest employment sectors in Lake View are public administration (17%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.