Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Ann area can be challenging. Home prices in Lake Ann are now at a median cost of $222,947, higher than the Michigan average of $196,062.
The average cost of rent is $1,043/mo in Lake Ann, primarily driven by the current value of real estate in the Lake Ann area. While nearly 28.61% of residents own their homes outright in Lake Ann, 8.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Ann is $6,481 per month. Households that rent pay about 16.10% of their income on rent here. Lake Ann's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Maple Grove, MI: less expensive homes
- Interlochen, MI: equally priced homes
- Solon, MI: higher priced homes
- Maple City, MI: higher priced homes
- Cedar, MI: higher priced homes
- Empire, MI: higher priced homes
- Grawn, MI: equally priced homes
- Honor, MI: higher priced homes
- Greilickville, MI: higher priced homes
- Beulah, MI: equally priced homes
Cities with Similar Populations
- Cedar Hill, TN: equally priced homes
- East Dubuque, IL: less expensive homes
- Prescott, MI: less expensive homes
- Independence, VA: less expensive homes
- Avilla, IN: less expensive homes
- Jennings, FL: less expensive homes
- Mineral Springs, NC: higher priced homes
- Mobridge, SD: less expensive homes
- Monticello, MS: less expensive homes
- North Great River, NY: higher priced homes
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