Lake County, MI Housing

The housing market in Lake, MI County is relatively strong compared to the US as a whole. The median housing value is set at $104,000, which is significantly lower than the national median at $338,100. Despite the lowered cost of housing, Lake County has seen an impressive 10.88% house appreciation rate in the last year, outpacing the US rate of 8.27%. This suggests that despite its cheaper entry point into the housing market, Lake County still offers an attractive and growing investment opportunity for potential homeowners.

The median home cost in Lake County is $104,000. Home appreciation the last 10 years has been 121.7%. Home Appreciation in Lake County is up 18.3%.

Average Age of Homes

- The median age of Lake County real estate is 37 years old

The Rental Market in Lake County

- Renters make up 5.6% of the Lake County population
- 0.3% of houses and apartments in Lake County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lake, Michigan	United States
	13,550.0	139,647,020.0
	42	42
	$104,000	$338,100
	18.3%	16.6%
	66.6%	57.0%
	121.7%	101.1%
	$13.06	$10.98
	$1,284	$2,690
	27.1%	57.4%
	67.9%	11.2%
	5.0%	31.4%
Vacant Housing
	0.3%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	0.1%	0.4%
	62.3%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	10.4%	2.4%
	11.4%	2.8%
	10.8%	3.9%
	14.4%	4.5%
	17.1%	11.3%
	12.8%	13.0%
	9.7%	20.1%
	5.0%	13.6%
	2.0%	8.3%
	1.4%	9.7%
	0.4%	3.9%
	0.1%	2.2%
	0.1%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.7%	13.6%
	11.7%	13.6%
	17.3%	13.6%
	14.8%	13.2%
	22.9%	14.8%
	17.3%	13.6%
	8.9%	10.0%
	3.4%	4.7%
	6.6%	12.2%

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