Lake City, MI Housing Statistics

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40%

Med. Home Val. NAT. AVG.

43%

Rent NAT. AVG.

22%

Owner Occ. NAT. AVG.

Lake City Housing Information

Index	Lake City	Michigan	National
Median home price	$196,607	$235,809	$326,622
Median rent asked	$816	$1,222	$1,444
Avg. people per household	2.3	2.5	2.6
Owner occupied households	77.4%	70.8%	63.6%
Renter occupied households	22.6%	29.2%	36.4%

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Homes For Sale In Lake City, MI

327 S Gladwin St

Lake City, MI

6645 N Northway Dr

Lake City, MI

Taxiway Foxtrot

Reeder Township, MI

361 W Rhoby Rd

Lake City, MI

Housing Quick Facts

The median home price in Lake City is 40% lower than the national average.
The median rent asked in Lake City is 43% 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

	Population	Home Price	National Avg.
Haring, MI	372	$100,571	69%
Jennings, MI	258	$123,935	62%
Cadillac, MI	10,841	$149,953	54%
Manton, MI	1,261	$161,080	51%
McBain, MI	744	$162,943	50%
Lake City, MI	749	$196,607	40%

Cities with similar population

	Population	Home Price	National Avg.
Olustee, OK	749	$122,258	63%
North Middletown, KY	749	$185,381	43%
Superior village, WI	749	$289,373	11%
Morley, MO	749	$135,839	58%
Arabi, GA	749	$60,654	81%
Lake City, MI	749	$196,607	40%

Source: The Lake City, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.