Lake City Housing Information - Census

IndexLake CityMichiganNational
Median home price$87,900$120,200$175,700
Median rent asked$725$780$920
Avg. people per household2.52.52.6
Owner occupied households69.2%71.5%64.4%
Renter occupied households30.8%28.5%35.6%

Lake City Housing Information - Zillow

IndexLake CityMichiganNational
Zillow home value indexn/a$126,100$188,100
Year over year appreciation raten/a5.88%5.14%
5 year average appreciation raten/a6.88%4.12%
10 year average appreciation raten/a-1.03%-0.33%

Did you know?

  • The median home price in Lake City is 50% lower than the national average.
  • The median rent asked in Lake City is 21% lower than the national average.
  • The average number of people per household in Lake City is 5% lower than the national average.
  • The number of owner occupied households in Lake City is 8% higher than the national average.
  • The number of renter occupied households in Lake City is 14% lower than the national average.

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Compare Lake City, MI Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Jennings, MI202$56,20068%
Manton, MI1,315$72,80059%
Cadillac, MI10,306$76,50056%
Haring, MI571$83,20053%
McBain, MI694$86,50051%
Lake City, MI1,000$87,90050%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Central City, PA1,000$63,80064%
Baltic, SD1,000$140,70020%
Helena, MS1,000$121,30031%
Cherokee, AL1,000$68,30061%
Lone Oak, TN1,000$195,50011%
Lake City, MI1,000$87,90050%
Source: The Lake City, MI housing data displayed above is derived from the United States Census Bureau and Zillow data.