Many people associate lake houses with summertime nostalgia. You’re probably familiar with the magic of summer vacations at a lake. If you’ve ever been to a lake, it is likely that you have a fond memory of the experience. You might even want to recreate it by purchasing your very own lake house. You may not be sure what lake you would like to call home, or your second home, yet.
The number of people who are able to do this is staggering thousands of lakes In order to narrow down our selection, we consulted a few experts. They share their recommendations for the best lakes to purchase a house in this year.
Lake of the Ozarks in Missouri
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Elena Novak, a lead real estate research at PropertyChecker.com. Missouri-based Matt Smith Real Estate Group In February, this year, reports show that the average home sale price in this part was $448.585. Zillow According to estimates, the average home price in Lake Ozark is a little over $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.
Southwest Lake Erie Region of Michigan and Ohio
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Julie Brinkman’s CEO, at Beyond, a revenue-management system for vacation rentals“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. She says the Southwest Lake Erie Region, bordering Michigan and Ohio, averages $34,000 in revenue per listing and a 40% occupancy rate on average. 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.
Lake Norman, North Carolina
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Lake Norman, and especially Mooresville, Cornelius and surrounding areas, offer a rare chance to feel like you are on vacation every day. “You’re only 45 minutes away from Charlotte, a major airport and all of the lakefront benefits,” says Ben BowenBrokers in charge Premier Sotheby’s International Realty. “Right Now, the market has reached equilibrium, which is a good thing. “We’re seeing real demand and consistent appreciation, particularly from people who are looking for a balance between lifestyle, accessibility, and natural beauty.” In MooresvilleYou’ll find that the average house value is $484,825. Cornelius The average cost of a home is $532,671.
Lake Tahoe, California & Nevada
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“Lake Tahoe It is still considered one of the most beautiful places in the U.S. Novak says the mountains and crystal-clear waters make for a great getaway. Property values are higher which makes it a great 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 are some amazing opportunities to buy a home on the California side of the lake. skiing and snowboarding In the summer, you can go swimming, boating and hiking. The shoulder seasons, when there are fewer tourists but still comfortable temperatures in spring and fall, can be equally as enjoyable.
Lake Geneva in Wisconsin
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“Lake Geneva This is another great place to camp and enjoy the outdoors. This gem is close to Chicago and Milwaukee but far enough away to feel like you’re a million miles from the city. It offers beauty, serenity and value. Novak says, “Grab your slice of the pie now before the rest the world discovers this perfect location.” According to RedfinHome prices are down 15.3 percent in the past year. The median price is currently $322,500. While the lake is a major attraction, the area has many other activities to keep you busy, including apple picking, wine-tasting, snowshoeing, golfing, and hiking.
The Finger Lakes of New York
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“The Finger Lakes For those who are unable to afford a Hamptons home, there is an alternative. Novak says this new vacation destination is primed for an increase in value. It offers the same summertime life as Montauk. Although some of these houses are expensive, there are many that are still affordable. She advises purchasing now “before the market changes and too many other people discover this lakefront heaven.” You can choose from 11 different lakes. However, you will need to conduct some field research to determine which lake is best for you. Keuka Lake has many properties that are perfect for watersports enthusiasts. If you enjoy water sports, then Keuka Lake is the place to be. charming small townsSwing through Watkins Glen, on Seneca Lake.
Lake Winnipesaukee, New Hampshire
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Brinkman says that vacation rentals around Lake Winnipesaukee are in high demand, with an annual average revenue of $50,000 per listing. It also has an average occupancy rate of 38% and a booked average of $366/night. You can start your search in Wolfeboro. Travel + Leisure‘s best small towns in America In 2023. The resort town offers a unique New England summer experience, with waterfront concerts, walking trails, farmer’s markets and many other ways to enjoy the lake.
Winter Park, Florida
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Winter Park, Florida may not have the Florida coastline but the Winter Park Chain of Lakes offers a wide range of waterfront properties. “The six lakes in the chain are linked by beautiful canals. If you compare our waterfront price to any waterfronts on South Florida’s coast (Naples/Palm Beach/Miami etc.), it is a steal.” “It’s a bargain,” says John Pinel“Historically, the values have increased over time and been insulated in ‘tougher markets.'” “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.”
Saranac Lake in New York
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“Saranac Lake This lakefront spot is close to downtown and abuts Adirondack Mountains. 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. She adds that the median listing price of a Saranac Lake home is currently only $264,598, and notes that these prices won’t last as the real estate market climbs. (Note: Zillow Estimates a slightly higher home average value of $314.221. One of the best small towns in New YorkSaranac Lake is also home to a charming Main Street with many boutiques and galleries. It’s easy to access all kinds of outdoor activities.
Lake Havasu Arizona
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You might want to consider investing in Lake Havasu property if you reside in California, Nevada or Arizona. Lake Havasu boasts strong average bookings of $246/night, and average annual revenue per listing is $32,000. Brinkman states that the destination is popular year-round and has a 36 percent occupancy average. 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. The area is perfect for retirees, workers who work remotely, or anyone else looking to escape the harsh Arizona sun.
