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10 Best Places to Buy a Lake House in the U.S. Right Now, According to Real Estate Experts
There are quite literally thousands of lakes with real estate opportunities in the U.S., so we spoke with a few experts to narrow down the selection. Below, they're sharing their picks for the best places to buy a lake house this year.
Aerial view of boats in Lake of the Ozarks.
'Lake of the Ozarks is a great place to buy a lakefront property right now because, along with offering dozens of year-round activities, the property is still affordable,' says Elena Novak, lead real estate researcher at PropertyChecker.com. Missouri-based Matt Smith Real Estate Group reports that, in February of this year, the average sale price of homes in this part of the state was $448,585, while Zillow estimates the average home value in the city of Lake Ozark is just above $340,000. 'With real estate prices rising, these homes may become out of reach within the next five years,' Novak warns—so if you're interested in a quiet lakefront home that's just a couple of hours from hubs like Kansas City or St. Louis, now's the time to buy. Rocky coastline of Lake Erie in Ohio.When determining the best places to buy a lake house, Julie Brinkman, the CEO at Beyond, a revenue management system for vacation rentals, was focused on destinations that make the most financial sense for those seeking out properties to add to their rental portfolio. 'The southwest Lake Erie region, bordering both Michigan and Ohio, has an average yearly revenue per listing of $34,000 and an average yearly occupancy rate of 40 percent,' she says. As of May 2025, Zillow has a handful of homes in the area—in Luna Pier, Michigan; Harbor View, Ohio; and Oak, Harbor, Ohio—listed for under $300,000. Serene nature around Lake Norman in North Carolina.
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"The Lake Norman area, especially Mooresville and Cornelius, gives you that rare opportunity to live like you're on vacation year-round. You're just 45 minutes from Charlotte and a major airport, which makes travel seamless, but you still get all the benefits of lakefront living,' says Ben Bowen, broker in charge at Premier Sotheby's International Realty. 'Right now, the market is balanced, which means opportunity. We're seeing consistent appreciation and real demand, especially from people looking for that balance of lifestyle, access, and natural beauty." In Mooresville, you'll be looking at house prices around $484,825, while the average home value in Cornelius is around $532,671. A gazebo on the coast of Lake Tahoe.
Rory Fuller/Travel + Leisure
'Lake Tahoe is still one of the most beautiful locations in the U.S. The crystal-clear blue water and the backdrop of mountains make it a perfect getaway,' says Novak. 'Property values are higher, which means it is a good long-term investment.' While Lake Tahoe real estate is far from cheap—Redfin reports the average home price on the California side of the lake is around $835,000—this is a great destination for those who want to live full-time by a lake. There's amazing skiing and snowboarding in the winter, and boating, swimming, and hiking in the summer. The shoulder seasons are also incredible, with fewer tourists and comfortable spring and fall temperatures. Sunset overe Lake Geneva, Wisconsin.
Matt'Lake Geneva is another perfect spot to set up camp and enjoy outdoor life. Close to Chicago and Milwaukee, yet still remote enough to make you feel a million miles away, this gem offers beauty, serenity, and value. Grab your piece of the pie before the rest of the world finds out about this ideal location,' says Novak. According to Redfin, home prices have actually gone down 15.3 percent over the last year, with a current median sale price of $322,500. The lake may be one of the biggest draws, but the region also has plenty of other ways to spend your time, from golfing and hiking to apple picking, wine tasting, and snowshoeing. A young boy jumping into Canandaigua Lake in New York State.'The Finger Lakes are another option for those who cannot afford a house in the Hamptons. This up-and-coming vacation spot is ripe for increased value and offers the same summertime lifestyle you get in Montauk,' says Novak. 'Although some of these homes are expensive, many are still affordable.' She recommends buying now, 'before the market shifts and too many others discover this lakefront paradise.' There are 11 lakes in total in the region, so you'll have to do some on-the-ground research to see which one is your favorite. If you like water sports, though, take a look at properties around Keuka Lake. If you're fond of charming small towns, swing through Watkins Glen on Seneca Lake. Autumn foliage around Lake Winnipesaukee, New Hampshire.
DenisTangneyJr/Getty Images
'Lake Winnipesaukee has high demand for vacation rentals in the area, with an average yearly revenue per listing of $50,000,' says Brinkman. 'It also has a strong average booked rate of $366/night and an average yearly occupancy of 38 percent.' If you're not overly concerned with budget, consider starting your real estate search in Wolfeboro, one of Travel + Leisure 's best small towns in America in 2023. The resort town is tailor-made for those who want to experience a classic New England summer; there are waterfront concerts, convenient walking trails, farmers' markets, and endless ways to enjoy the lake. A gazebo on the waters of Lake Killarney in Winter Park, Florida.
Winter Park may not be on the coast of Florida, but it still has excellent waterfront properties to choose from along the Winter Park Chain of Lakes. 'The six lakes on the chain are connected by beautiful canals, and if you compare our waterfront pricing to any waterfronts in South Florida (Naples/Palm Beach/Miami, etc.) it's a steal,' says John Pinel, a realtor and global real estate advisor at Premier Sotheby's International Realty. 'Historically, the values have increased over time and been insulated in 'tougher markets,''' he adds, sharing that Central Florida has been 'an easier market for homeowners' insurance compared to coastal areas.' Fall foliage around Saranac Lake in New York.
DenisTangneyJr/Getty Images
'Saranac Lake abuts the Adirondack Mountains, providing a breathtaking backdrop for this lakefront hot spot close to historic downtown. If you desire a laid-back lifestyle, this is the place with scenic views and plenty to do—boating, mountain biking, hiking, etc.,' says Novak. 'Right now, the median listing price for a home on Saranac Lake is only $264,598,' she adds, noting that 'those prices will not last with the real estate market climbing.' (Note: Zillow estimates a slightly higher average home value of $314,221.) One of the best small towns in New York, Saranac Lake also has a charming Main Street, lots of local boutiques and art galleries, and easy access to all sorts of outdoor activities. A lighthouse on the coast of Lake Havasu.If you live in certain parts of California, Nevada, or Arizona, investing in a lakefront property on Lake Havasu might be a good financial move. 'Lake Havasu boasts a strong average booked rate of $246/night and an average yearly revenue per listing of $32,000. It has an appeal as a year-round destination, and maintains a 36 percent average yearly occupancy,' says Brinkman. Home prices have decreased slightly in the last year—Zillow calculates the average home price in Lake Havasu City is just over $473,000—and the area's appeal is multi-fold. It's great for retirees, remote workers, and anyone who just wants a bit of respite from the powerful Arizona sun.
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