Housing in Lake Shore

A typical Lake Shore home is worth roughly $745,000

Home prices around Lake Shore have risen about 50% over the past 5 years.

Typical home value

$745K

▲ 2.4% in a year · UT $535K

Estimate

2-bedroom rent

$1,410

a month, utilities in · HUD

Median tax bill

$3,339

UT $2,525

What kind of housing town is Lake Shore?

Read from the numbers below. The page puts what stands out first.

Pricier than UT39% above the Utah typical home.

★ What stands out · Affordability

A typical home costs 7.5 years of income

More than across Utah (5.6 years). Try your own numbers below.

You could afford about

$410,000

Typical Lake Shore home $745K

That’s $335K short of a typical Lake Shore home.

The typical home, each month

$4,200

Loan $3,690Tax $290Insurance $220

A two-bedroom rents for about $1,410 a month here, $2,790 less than owning.

Where your budget reaches nearby

Benjamin$688K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lake Shore’s typical property tax (0.47% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 50% in 5 years

The federal house price index for the ZIP code around Lake Shore rose 50% over the past 5 years, about the same as across Utah. Last year prices rose 2.4%. Carrying the Census median home value forward with that index puts the typical Lake Shore home at roughly $745,000 today.

Lake Shore areaUtah

+2.4%

past year

+50%

past 5 years

+117%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $745K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Lake Shore, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,410

Renters already here pay a median of $1,117, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,210

1 bedroom$1,220

2 bedrooms$1,410

3 bedrooms$1,960

4 bedrooms$2,370

37%

of households rent · UT 30%

renter households

of renters spend 30%+ of income on rent · UT 47%

17%

of the median income, for a two-bedroom

$1,117

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Provo-Orem-Lehi, UT MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

63% of Lake Shore households own their home

Half of Lake Shore’s homes were built before 1993.

Owners and renters

Own 63%Rent 37%

Utah: 70% own.

1993

typical home built · UT 1992

$3,339

median property tax bill · UT $2,525

0.47%

of a home’s value, a year in tax · UT 0.52%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Lake Shore vs. its neighbors

The towns that share a border with Lake Shore. Tap one to see its housing page.

Lake Shore$745K Benjamin$688K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Lake Shore	$745K*	+2.4%†	$1,410	$99,058
Palmyra	—	+2.4%†	$1,410	$97,188
Benjamin	$688K*	+2.4%†	$1,410	$69,632

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Lake Shore buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Lake Shore still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.