Zip 49651 (Lake City, MI) Housing

The housing market in Lake City, MI (49651) is faring much better than the national average. According to recent statistics, the median value of a house in Lake City stands at $176,300; significantly lower than the US median of $338,100. Over the past year, US house appreciation has been 8.27%, however Lake City appreciates houses by 15.49%. This shows that despite being cheaper than most places, Lake City provides good value for money when it comes to property investment.

The median home cost in Lake City (zip 49651) is $176,300. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Lake City (zip 49651) is up 19.8%.

Average Age of Homes

- The median age of Lake City (zip 49651) real estate is 40 years old

The Rental Market in Lake City (zip 49651)

- Renters make up 11.5% of the Lake City (zip 49651) population
- 0.5% of houses and apartments in Lake City (zip 49651), 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 City, Michigan	United States
	4,975.0	139,647,020.0
	44	42
	$176,300	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$10.84	$10.98
	$1,429	$2,690
	51.0%	57.4%
	37.6%	11.2%
	11.4%	31.4%
Vacant Housing
	0.5%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.6%	0.4%
	33.5%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	4.8%	2.4%
	6.0%	2.8%
	10.4%	3.9%
	9.9%	4.5%
	25.3%	11.3%
	15.1%	13.0%
	14.1%	20.1%
	5.2%	13.6%
	3.4%	8.3%
	1.9%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.6%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.3%	13.6%
	8.3%	13.6%
	15.6%	13.6%
	15.1%	13.2%
	23.7%	14.8%
	15.6%	13.6%
	8.9%	10.0%
	4.2%	4.7%
	10.2%	12.2%

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