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Laketown

Learn about the people, housing, costs and businesses in Laketown, Utah

Median Home$334,600
Median Rent$760/month
Population313
Leading IndustriesManufacturing · Construction · Agriculture & Mining2% manufacturing
Home Value Growth⬆⬆⬆+67.5% over 2 years
Retirees27% of residentsabove average nationally
Homeowners85% of occupied units
Laketown
UT

Frequently Asked Questions

What are today's mortgage rates in Laketown?

As of today, the 30-year fixed mortgage rate for Laketown is approximately 7.008% (7.051% 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 Laketown?

The median home value in Laketown is $335k. The median monthly rent is $760. Annual property taxes average $859. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Laketown?

Home values in Laketown have increased 67.5% 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 Laketown?

Based on a typical all-in ownership cost of $821/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Laketown is $79k/year.

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What industries drive the economy in Laketown?

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