Why Live in Lakemont
Lakemont, a neighborhood in Augusta, is renowned for housing the prestigious Augusta National Golf Club, the site of the annual Masters Tournament. Situated on the banks of Lake Olmstead, Lakemont offers a mix of bungalows and split-level homes, some with expansive lots and scenic water views. While less walkable than other Augusta neighborhoods, it provides a serene environment with tree-lined properties. The Richmond County School System serves the area, with Garrett Elementary, Tut Middle School, and Westside High School being the primary public schools. For outdoor enthusiasts, the Augusta Canal Trail offers hiking, walking, and biking paths that lead downtown, while Bedford Heights Park provides a playground and picnic spots. Lake Olmstead is a popular spot for fishing, particularly at Hunter’s Fishing Bridge. Washington Road, a major thoroughfare, connects residents to downtown Augusta and nearby Lincolnton, featuring grocery stores like Publix and Kroger, as well as dining options such as World of Beer and Metro Diner. The neighborhood's proximity to downtown Augusta ensures access to a variety of attractions, events, and retail options. Lakemont's crime rate is comparable to the national average, making it a practical choice for potential homebuyers seeking a balance of tranquility and convenience.
Frequently Asked Questions
Is Lakemont a good place to live?
Lakemont is a good place to live. Lakemont is considered very car-dependent and somewhat bikeable. Lakemont is a suburban neighborhood. Lakemont has 5 parks for recreational activities. It is sparse in population with 2.1 people per acre and a median age of 38. The average household income is $82,058 which is below the national average. College graduates make up 38.2% of residents. A majority of residents in Lakemont are home owners, with 45.9% of residents renting and 54.1% of residents owning their home. A
local real estate agent serving Lakemont can help you decide if this neighborhood is the right one for you. Learn more on our
Lakemont neighborhood guide.
How much do you need to make to afford a house in Lakemont?
The median home price in Lakemont is $615,000. If you put a 20% down payment of $123,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,180 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $136K a year to afford the median home price in Lakemont. The average household income in Lakemont is $82K.
What are the best public schools in Lakemont?
The best public schools that serve Lakemont are:
What are the best private schools in Lakemont?
The best private schools that serve Lakemont are:
What are the most popular zip codes in Lakemont, Augusta, GA?
What are the most popular neighborhoods near Lakemont, Augusta, GA?
Are home prices dropping in Lakemont?
Yes, home prices in Lakemont are down 27% in the last 12 months.
Home Trends in Lakemont, GA
On average, homes in Lakemont, Augusta sell after 81 days on the market compared to the national average of 70 days. The median sale price for homes in Lakemont, Augusta over the last 12 months is $595,000, down 30% from the median home sale price over the previous 12 months.
Median Sale Price
$595,000
Median Single Family Sale Price
$602,500
Average Price Per Sq Ft
$251
Number of Homes for Sale
2
Last 12 months Home Sales
12
Median List Price
$615,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-30%