A+
41%
Med. Home Val. NAT. AVG.
42%
Rent NAT. AVG.
22%
Owner Occ. NAT. AVG.
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Lake City Housing Information

IndexLake CityMichiganNational
Median home price$109,100$127,800$184,700
Median rent asked$550$799$949
Avg. people per household2.32.52.6
Owner occupied households77.4%70.8%63.6%
Renter occupied households22.6%29.2%36.4%
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Housing Quick Facts

  • The median home price in Lake City is 41% lower than the national average.
  • The median rent asked in Lake City is 42% lower than the national average.
  • The average number of people per household in Lake City is 10% lower than the national average.
  • The number of owner occupied households in Lake City is 22% higher than the national average.
  • The number of renter occupied households in Lake City is 38% lower than the national average.

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Haring, MI358$57,20069%
      Jennings, MI253$67,90063%
      Cadillac, MI10,462$81,40056%
      Manton, MI1,228$88,10052%
      McBain, MI724$89,40052%
      Lake City, MI729$109,10041%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Frankfort, KS729$64,10065%
      Corsica, SD729$74,10060%
      Lake Arrowhead, WI729$216,60017%
      Bainbridge village, OH729$84,20054%
      Reddell, LA730$105,60043%
      Lake City, MI729$109,10041%
      Source: The Lake City, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).