Zip 48632 (Lake, MI) Housing

Housing in 48632 Lake, MI is comparable to the U.S. median value, coming in at $128,100. The appreciation of housing in 48632 Lake, MI has been higher than that of the U.S., with a 1 year appreciation of 9.86%, over 8.27% for the nation as a whole. This indicates that the demand for housing in this area is strong and that prices are likely to continue to appreciate at an above-average rate in the future.

The median home cost in Lake (zip 48632) is $128,100. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Lake (zip 48632) is up 15.7%.

Average Age of Homes

- The median age of Lake (zip 48632) real estate is 38 years old

The Rental Market in Lake (zip 48632)

- Renters make up 5.0% of the Lake (zip 48632) population
- 0.0% of houses and apartments in Lake (zip 48632), 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
	4,431.0	139,647,020.0
	39	42
	$128,100	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$11.55	$10.98
	$1,157	$2,690
	42.1%	57.4%
	53.6%	11.2%
	4.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.9%	0.7%
	0.0%	0.4%
	50.7%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	14.6%	2.4%
	10.1%	2.8%
	9.6%	3.9%
	11.8%	4.5%
	17.9%	11.3%
	14.8%	13.0%
	8.7%	20.1%
	4.9%	13.6%
	2.2%	8.3%
	0.8%	9.7%
	0.2%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.1%	13.6%
	14.1%	13.6%
	23.1%	13.6%
	12.1%	13.2%
	18.0%	14.8%
	23.1%	13.6%
	9.4%	10.0%
	6.4%	4.7%
	4.5%	12.2%

Reviews for Lake

See all (0)

Write a Review

Start Your Review of Lake

Commute