Why Live in Lost Lakes
Lost Lakes is a revitalized neighborhood located 4 miles northeast of downtown Oklahoma City. Known for the Lost Lakes Entertainment Complex, the area attracts visitors for watersports and open-air concerts. The neighborhood features midcentury Minimal Traditional-style homes, typically single-story with two or three bedrooms, aluminum awnings, and carports. Some homes have second stories with steeply pitched roofs. Prices range from $60,000 to $150,000, with updated homes fetching higher prices. The area is served by the Oklahoma City Public Schools system, with students attending Thelma Parks Elementary, F.D. Moon Middle, and Frederick Douglass High. The neighborhood is safer than the national average, making it a practical choice for families. Proximity to I-35 offers convenient access to the metro area, with most destinations within a 15 to 20-minute drive. Edwards Park, less than a mile west, provides a picnic pavilion, walking path, playground, and casual fishing at Edwards Park Lake. The nearby Lost Lakes Entertainment Complex and Adventure Park offer wakeboarding, waterskiing, waterslides, and concerts. For groceries, residents frequent The Market at Eastpoint, 2 miles northeast, which evolved from a community garden to address food security.
Frequently Asked Questions
Is Lost Lakes a good place to live?
Lost Lakes is a good place to live. Lost Lakes is considered very car-dependent and somewhat bikeable with some transit options. Lost Lakes is a suburban neighborhood. Lost Lakes has 6 parks for recreational activities. It is sparse in population with 3.0 people per acre and a median age of 40. The average household income is $34,747 which is below the national average. College graduates make up 9.3% of residents. A majority of residents in Lost Lakes are renters, with 52% of residents renting and 48% of residents owning their home. A
local real estate agent serving Lost Lakes can help you decide if this neighborhood is the right one for you. Learn more on our
Lost Lakes neighborhood guide.
How much do you need to make to afford a house in Lost Lakes?
The median home price in Lost Lakes is $125,000. If you put a 20% down payment of $25,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $27K a year to afford the median home price in Lost Lakes. The average household income in Lost Lakes is $35K.
What are the best public schools in Lost Lakes?
The best public schools that serve Lost Lakes are:
What are the most popular zip codes in Lost Lakes, Oklahoma City, OK?
What are the most popular neighborhoods near Lost Lakes, Oklahoma City, OK?
Are home prices dropping in Lost Lakes?
Yes, home prices in Lost Lakes are down 21% in the last 12 months.
Home Trends in Lost Lakes, OK
On average, homes in Lost Lakes, Oklahoma City sell after 57 days on the market compared to the national average of 52 days. The median sale price for homes in Lost Lakes, Oklahoma City over the last 12 months is $115,000, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$115,000
Median Single Family Sale Price
$118,150
Average Price Per Sq Ft
$113
Number of Homes for Sale
5
Last 12 months Home Sales
17
Median List Price
$125,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-16%