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Lakemont

Learn about the people, housing, costs and businesses in Lakemont, Pennsylvania

Median Home$161,523
Median Rent$894/month
Population1,716
Leading IndustriesWholesale Trade · Transportation · Finance & Insurance13% wholesale trade
Home Value Growth+10.8% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners80% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
Lakemont
PA

Frequently Asked Questions

What are today's mortgage rates in Lakemont?

As of today, the 30-year fixed mortgage rate for Lakemont is approximately 7.026% (7.067% 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 Lakemont?

The median home value in Lakemont is $162k. The median monthly rent is $894. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakemont?

Home values in Lakemont have increased 10.8% 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 Lakemont?

Based on a typical all-in ownership cost of $902/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakemont is $67k/year.

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What industries drive the economy in Lakemont?

The largest employment sectors in Lakemont are public administration (25%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.