Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Central Lake area can be challenging. Home prices in Central Lake are now at a median cost of $151,394, lower than the Michigan average of $196,062.
The average cost of rent is $915/mo in Central Lake, primarily driven by the current value of real estate in the Central Lake area. While nearly 42.25% of residents own their homes outright in Central Lake, 11.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Central Lake is $4,765 per month. Households that rent pay about 19.20% of their income on rent here. Central Lake's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Eastport, MI: higher priced homes
- Pleasant Valley, MI: equally priced homes
- Ellsworth, MI: equally priced homes
- North Arms, MI: higher priced homes
- Kewadin, MI: higher priced homes
- Bellaire, MI: higher priced homes
- East Jordan, MI: equally priced homes
- Clam River, MI: higher priced homes
- Green River, MI: equally priced homes
- Norwood, MI: higher priced homes
Cities with Similar Populations
- Syracuse, NE: equally priced homes
- Harleton, TX: equally priced homes
- Hawi, HI: higher priced homes
- Inkom, ID: higher priced homes
- Irvington, KY: less expensive homes
- Kemmerer, WY: equally priced homes
- Lonaconing, MD: less expensive homes
- McClellanville, SC: higher priced homes
- Petrieville, MI: higher priced homes
- Platte, SD: higher priced homes
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